Yannis Stournaras

Bank of Greece Governor Yannis Stournaras reiterated on Thursday that the European Central Bank's (ECB) key interest rate will fall to 2% in the autumn, from the current 3%. 

In an interview with Skai radio, he also noted that banks have been making profits lately. 

Greece would have plunged into economic chaos had the country exited the Eurozone during bailout negotiations with lenders in the previous decade, Bank of Greece governor Yannis Stournaras has told SKAI radio in Athens. 

The country "would have ended up like Syria had it exited the Eurozone," Stournaras told the radio station during an interview. 

Domestic structural weaknesses, some of which pre-date the debt crisis and remain, were the focus of the interim Monetary Policy Report by Bank of Greece Governor Yannis Stournaras on Friday, which pointed out that while there are successes and the economy is on the right track, the effort is not complete.

Prime Minister Kyriakos Mitsotakis announced yesterday, during a speech in Parliament, a government intervention plan to “trim” excessive bank fees, particula

Prime Minister Kyriakos Mitsotakis has dismissed the prospect of a windfall tax on banking profits, choosing instead to apply regulatory pressure to address systemic issues within the sector.

The European Central Bank is expected to continue cutting interest rates this month, ECB policymaker Yannis Stournaras said on Monday.

The European economy would suffer if Donald Trump enacted his pledges on tariffs and trade barriers, and this could impact European Central Bank policy, Greek central bank chief Yannis Stournaras said on Thursday.

The two prosecutors who decided last week to remove the protective status of two key witnesses in the Novartis case said that there was no indication that they had been the subject of intimidation or retaliation. 

The Conference on Entrepreneurship, Innovation, and Sustainability in the Blue Economy was held with great success, in the framework of the project “Blue Innovators of Piraeus”, an initiative of the Municipality of Piraeus to highlight the innovative action of blue economy businesses.

Two key witnesses in the long-running Novartis bribery scandal in Greece, code-named "Ekaterini Kelesi" and "Maximos Sarafis," have lost their protected status after a decision by two Greek prosecutors on Thursday.