Nikolaos Karamouzis

Greece's Eurobank has appointed former minister of finance Giorgos Zanias as its new non-executive chairman, the lender said on Monday.
The change was prompted by former chairman Nikolaos Karamouzis's decision to depart, the bank said in a news release.
Karamouzis announced his intention last year to bow out at the end of March 2019.

Greece's Eurobank has appointed former minister of finance Giorgos Zanias as its new non-executive chairman, the lender said on Monday.
The change was prompted by former chairman Nikolaos Karamouzis's decision to depart, the bank said in a news release.
Karamouzis announced his intention last year to bow out at the end of March 2019.

Brussels and Frankfurt were displeased on Thursday to learn of statements by Deputy Prime Minister Yiannis Dragasakis and Finance Minister Euclid Tsakalotos on Wednesday, according to which there is a deal between the government and the banks that no homes valued at less than 300,000 euros should be sold at foreclosure auctions.

The reasons why the Greek crisis was so profound and long-lasting, and why Greece was currently the only country that had yet to emerge from memoranda programmes, were the focus of a Eurobank analysis unveiled on Wednesday. According to the study’s authors, the country’s ability to service its debts could not alone explain the protracted loss of confidence in its prospects.

Lenders are upgrading the role of the Hellenic Bank Association (HBA), with the aim of turning it into an active voice that will intervene dynamically in issues concerning not only the credit sector but also the economy in general.

Athens's completion of the agreement with the country's creditors and the bailout review will constitute a major and decisive step toward Greece exiting the crisis, the lifting of uncertainty and the return of the economy to normal conditions, senior bank officials tell Kathimerini.