Stournaras: IMF's Fiscal Forecasts Raise Many Questions
Bank of Greece governor Yiannis Stournaras said in a letter responding to the IMF’s report published on Monday — which proposed among other measures, broadening the personal income tax base and...
View ArticleBoG: Tourists in Greece Spent Less in 2016; Hits 15-Year Low
This week the Bank of Greece (BoG) released data showing that although tourism numbers are up in Greece, the amount of money tourists are spending while on vacation is at a 15-year low. The news of...
View ArticleGreece Has €5.26 Billion Euros of Gold Reserves, Half of Which is Abroad
Greece reported having some 149.1 tonnes of gold reserves at the end of 2016 amounting in the value of 5.26 billion euros, according to reports by Reuters. Almost half of that gold is kept in vaults...
View ArticleBoG: State Generating More Debt Than it Is Repaying
The Bank of Greece (BoG) recently released data showing that the amount of state debt that Greece generates is mounting to figures that it is unable to pay off. Despite the increase in taxes and new...
View ArticleECB Lowers Emergency Funding Cap for Greek Banks to €45.3 Billion
On Thursday the Bank of Greece (BoG) announced that the European Central Bank (ECB) has lowered the emergency funding cap for Greek banks to 45.3 billion euros. The emergency funding has been a life...
View ArticleBoG: Deposits Down by Over 2.4 Billion Euros in 2017; April Sees Credit...
The latest reports from the Bank of Greece (BoG) show that deposits have declined by more than 2.4 billion euros in the first four months of the year, while April’s data shows it was the second month...
View ArticleBoG Governor Stournaras: Debt Settlement a Prerequisite for Recovery
Bank of Greece governor Yiannis Stournaras underlined the significant progress of the Greek economy since 2010 and the correction of the imbalances. Stournaras was addressing on Wednesday an Economist...
View ArticleBank Deposits Rise in July for Third Month in a Row
Greek private sector bank deposits rose in July for the third month in a row, although they remain at 14-year lows, central bank data showed on Monday. Business and household deposits rose to 121.25...
View ArticlePiraeus Bank to Respond to Reported Regulatory Violations Found in Audit
Piraeus Bank said it will respond to a draft report from a Bank of Greece audit that found regulatory violations in the 2014-16 period, and that a final report from the central bank would follow...
View ArticleGovernor of Bank of Greece Calls for Swift Conclusion of Bailout Review
The Greek government and foreign lenders must intensify efforts to swiftly conclude a review of the country’s compliance with fiscal targets and reforms under its current bailout, governor of Greece‘s...
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