By Leonidas Stergiou Two speeches and interviews by ECB officials days before the September 8 meeting put a brake on expectations of sharp interest rate hikes. The chief economist of the ECB, Philip Lane, from Spain and the Greek central banker and member of the d.s. of the ECB, Yannis Stournaras, from Austria, warned of […]
Tag: Giannis Stournaras
G. Stournaras: A very large increase in interest rates would be a mistake
The governor of the Bank of Greece points out in an interview with Econostream the clear need for further normalization of the monetary policy of the euro zone, while expressing his strong opposition to any approach that would not be gradual, thus rejecting unusually large changes in interest rates and member of the board of […]
G. Stournaras for ECB: ‘There is no need to take very big steps’
The European Central Bank (ECB) should continue raising interest rates, but there is no need for a big move and the bank should instead take a prudent, cautious approach to normalizing its policy, the head of the Bank of Greece said on Tuesday, as reported by Reuters. The remarks are the first to go against […]
The AMK of Pancreatia Bank is at risk from the actions of the head of the Bank of Greece Giannis Stournaras
“Freno” puts a brake on the share capital increase of Pankritia Bank, as a result of which the whole plan that includes the merger with the Cooperative Bank of Chania and even the absorption of HSBC’s operations in Athens is put in jeopardy. Plan which will make the bank the largest non-systemic bank in the […]
G. Stournaras: We need strong governments that can take measures
The governor of the Bank of Greece, Yannis Stournaras, spoke of stagflation winds blowing in the global economy, who argued that Europe underestimated the dangers of war. In particular, speaking to SKAI 100.3, Yannis Stournaras pointed out that the risk factors stem from the fact that Russia is an energy giant and we depend on […]
G. Stournaras: Stagnant inflation threatens Europe
The problem with Europe is that it reforms after a crisis has broken out, not proactively. “The Eurogroup, for example, has only very recently been unable to agree either on the creation of a pan-European deposit insurance system, or to complete the banking crisis management framework,” said the governor of the Bank of Greece, Mr. […]
G. Stournaras in Bloomberg: The ECB’s new tool may not need to be used
European Central Bank Governing Council member Giannis Stournaras said the new tool in the works to contain the turmoil in debt markets as interest rates rise may not need to be used if it is strong enough to convince investors to don’t try it. In an interview Saturday on Bloomberg Television in Aix-en-Provence, France, Stournaras […]
G. Stournaras: The architecture of the eurozone needs to be improved
The governor of the Bank of Greece, Giannis Stournaras, spoke from the Economist conference about a very demanding international environment for policymakers, noting that when we had managed to take a breather from the global financial crisis, we received the “blow” ” from a series of negative shocks. Mr. Stournaras referred to the effects of […]
Naming event of the hall of the Ministry of Development in the ‘Tasos Banou’ hall
In the presence of the President of the Republic, Mrs. Katerina Sakellaropoulou, the naming ceremony of the meeting room “711” of the Ministry of Development and Investments, in the “Tasos Banos” room, took place today, Tuesday, July 5, in honor of the distinguished civil servant, who passed away on 2020. In a modest ceremony, the […]
The BoG Monetary Policy Report was handed over to Konstantinos Tassoulas
The important role of the Bank of Greece, as “advisor to the Parliament, the Government and the Greek society in general on how we must meet the current challenges”, underlined the President of the Parliament receiving today the annual Monetary Policy Report of the Bank of Greece 2021-2022 by the Commander of Mrs. Ioannis Stournara. […]