Yannis Stournaras

Minister of Health Adonis Georgiadis, who is now able to take legal action against protected witnesses in a bribery case involving Swiss pharmaceutical giant Novartis, doctors and public officials as a result of a decision Thursday by the Financial Prosecutor's Office to lift the protection status of the witnesses, described the development as "a day of vindication" with a post on X.  

The Financial Prosecutor's Office has decided to lift the protection status of witnesses in a bribery case involving Swiss pharmaceutical giant Novartis, doctors and public officials following requests from political figures whose names were implicated in the case.

Bank of Greece Governor Yannis Stournaras on Wednesday emphasized the significant growth prospects of Greece's blue economy in the coming years, contingent on reducing its environmental and climate impact.

Even if the European Central Bank reduces interest rates twice in 2024, they will still not drop below 3%, Bank of Greece Governor Yannis Stournaras told the Financial Times in an interview published on Wednesday.

The governor of the Bank of Greece, Yannis Stournaras, has emphasized that despite the progress made by Greek banks on key fronts, challenges remain.

Speaking at the Piraeus Shipping Club, Bank of Greece Governor Yannis Stournaras addressed the challenges facing Greek shipping.

He emphasized that despite the significant contribution of Greek shipping to the economy, accounting for 7.9% of GDP, policy measures are needed to attract more ships to sail under the Greek flag and increase their commercial management from Greece.

Bank of Greece Governor Yannis Stournaras on Friday noted that the country's banks have successfully reduced their nonperforming loan (NPL) ratio to just over 5%.

However, he also warned that risks to financial stability remain.

The “disproportionate burden of defense spending borne by the Greek taxpayer” which “relates to the protection of European borders and, above all, to Greek-Turkish relations” was referred to by Bank of Greece governor Giannis Stournaras, speaking at the launch of Takis Pappas’ book “Paradoxical Country: Why Greece lags behind Ireland and Portugal and what can we learn from them?”.

The Greek economy will continue to grow at a satisfactory rate, higher than the eurozone average, as long as economic policy continues on the same path of reforms, along with efficient use of available European resources and fiscal responsibility, according to the governor of the Bank of Greece, Yannis Stournaras.

The agreement between bank bailout fund HFSF and Thrivest Holdings for the merger of Attica Bank with Pancreta is the "optimal solution for the Greek state, with a view to both ensuring financial stability and the benefit of the taxpayer," central banker Yannis Stournaras told a parliamentary committee on Wednesday.