By 2026, the money of the Recovery Fund will increase the GDP of Greece by about 7%, investments by about 22% and tax revenues by almost 3%, estimated Giannis Stournaras, noting that at the same time 200,000 new jobs will be created. In an interview with the Mega TV station, the Governor of the Bank […]
Tag: Giannis Stournaras
G. Stournaras’s annual message to BoG employees: A milestone in the 20 years of the euro in Greece
The governor, Giannis Stournaras, expresses his optimism that in 2022 the beginning of the end of the pandemic will be proved in his annual message to the employees of the Bank of Greece. Mr. Stournaras also refers to the 20th anniversary of the adoption of the euro by Greece. More specifically, the BoG governor states: […]
Proposal of G. Stournara for permanence of the Recovery Fund
By Tasos Dasopoulos The Governor of the Bank of Greece, Giannis Stournaras, proposes the permanence of the Recovery Fund mechanism as a “fiscal capacity tool” that will prevent fiscal crises, while outlining the changes that should be made to the Stability Pact. The governor’s interim report released yesterday emphasizes that in the long run, the […]
G. Stournaras: More opportunities than risks for the Greek economy today
“In times of extreme uncertainty, the Greek economy, after the second quarter of the year, escaped the stagnation and restrictive form that it had in 2020, gaining favorable prospects for the future,” said the Speaker of the Hellenic Parliament, Konstantinos Tassoulas, receiving the Interim Report of the Bank of Greece on the Monetary Policy of […]
G. Stournaras: This is how we will get out of the crisis
By Leonidas Stergiou With the pandemic persisting, with new mutations threatening human lives, uncertainty remains, which translates into risk and cost in terms of prices and returns. However, vaccines and flexible monetary and fiscal policy, having learned lessons from past crises, create other conditions for defense and a dynamic exit from the crisis. There should […]
Bloomberg: Greek bonds outside QE – The alternative under consideration
The ECB is considering giving more flexibility to its emergency bond market program, known as PEPP, to support the most vulnerable countries, such as Greece, which Bloomberg says does not appear to be part of the traditional APP liquidity mechanism or QE after March. of 2022. This flexibility in the PEPP program will provide for […]
‘Economy and Climate: Handle with care’ – The new periodical exhibition of the BoG museum
The new periodical exhibition entitled “Economy and Climate: Handle with care” is presented at the Museum of the Bank of Greece by the Center for Culture, Research and Documentation of the BoG. The report describes the phenomenon of climate change and analyzes its economic consequences, focusing on our country. At the same time, it aims […]
Stournara ‘yellow card’ to red loan managers
The “yellow card” was shown by the Governor of the Bank of Greece, Giannis Stournaras, to the loan management companies, stating that “the Bank of Greece receives a large number of complaints from individuals and companies regarding the practices applied by the Management Companies”. As he mentioned, speaking today at the annual general meeting of […]
G. Stournaras: The restructuring of red loans by servicers will judge the success of HERACLES
The Governor of the Bank of Greece addressed a “call” to the red loan management companies (servicers) to utilize the institutional framework provided by the state and to proceed to a more efficient management of the debt of individuals and companies. According to Mr. Stournaras in an interview given to Naftemporiki, the red loans may […]