Yannis Stournaras

The election risk is perhaps the greatest challenge for the course of Greek economy, fiscal stability and the conquest of investment grade, in a year when international uncertainties are running high.

Bank of Greece governor Yannis Stournaras sees inflation in the Eurozone peaking this year, predicting a further decline in 2023 before retreating to near the ECB's 2% target next year. As he characteristically stated: "I am optimistic that the monster of inflation will have been defeated by the end of 2024″

Greece's pandemic-battered economy will bounce back even more quickly than its government projects and could return to pre-crisis levels this year, according to Bank of Greece Governor Yannis Stournaras.

By Nikos Hasapopoulos

Christos Pappas of the now defunct far-right Golden Dawn party was no run of the mill cadre of former party leader Nikos Michaloliakos.

He was the self-styled "theoretician" of the group. Even "his own" people referred to him as [top Nazi Hermann] Goering and his parliamentary presence was marked by his outrageous audacity.

Advance payments from a European Union recovery fund will finance investments worth 3.3% of the country's gross domestic product (around 5.5 billion euros) this year, Bank of Greece Governor Yannis Stournaras said on Wednesday while also calling on Greek banks to make additional provisions to cover an expected new wave of nonperforming loans.

The burden of new nonperforming loans on Greek banks after the pandemic crisis is expected to come to 8-10 billion euros, relatively greater compared to that faced by other European credit institutions, Bank of Greece Governor Yannis Stournaras said on Friday.

Many eurozone banks underestimate credit losses they are likely to incur from the Covid-19 pandemic and supervisors will focus on asset quality this year, European Central Bank Governing Council member Yannis Stournaras said on Friday. 

Central banker Yannis Stournaras voiced his optimism that the economy will recover in 2021, stressing that this crisis is not as big as the previous one.

The Bank of Greece's baseline scenario has moved closer toward its adverse one, according to the intermediary monetary policy report its Governor Yannis Stournaras tabled in Parliament on Monday, providing for an economic contraction of 10% this year.

The new lockdown is expected to continue to hurt the country's economic activity in the fourth quarter, and any forecasts are exceptionally difficult, as the economy hinges too much on the course of the pandemic, Bank of Greece Governor Yannis Stournaras said on Tuesday.