Stournaras: ECB is prepared to support the Eurozone

29 November 2016
102 Views

The Governor of the Bank of Greece Yannis Stournaras underlined that the Euroepan Central Bank is prepared to support the Eurozone, if necessary, in an interview published by Bloomberg on Monday.

“Independent central banks will have a much bigger role to play if developments aren’t so benign in the political sphere. If there’s more volatility, more uncertainty, more protectionism, we want to be an even stronger pillar of stability” Stournaras commented.

“My biggest fear is that in a year’s time the political map of Europe might look different” Stournaras noted. “If populism and nationalism are on the rise, this will be risky. At the minimum it’s going to lead to protectionism. And I don’t want to even imagine what the worst-case scenario could be”.

“I think this kind of monetary policy will continue” Stournaras said. “Whether it will continue at the same pace for a specific period or at a lesser pace for a longer period has to be decided. I suspect there will be a number of options on the table when we meet” he stressed.

You may be interested

Turkish deputy-Prime Minister accuses Greece of oppressing religious minorities in latest Turkish tirade against Greece
GREECE
shares55 views
GREECE
shares55 views

Turkish deputy-Prime Minister accuses Greece of oppressing religious minorities in latest Turkish tirade against Greece

makis - Nov 17, 2017

Turkish Deputy Prime Minister Bekir Bozdag accused Greece of imprisoning Muslim Imams, despite the country being a member of the…

Greek PM says country would rely on itself to face flood disaster
POLITICS
shares71 views
POLITICS
shares71 views

Greek PM says country would rely on itself to face flood disaster

makis - Nov 17, 2017

Greek PM Alexis Tsipras thanked European countries for offering to help after the flash floods in western Attica, Wednesday, which…

US meteorologist explains deadly storm that flooded Greek towns
GREECE
shares92 views
GREECE
shares92 views

US meteorologist explains deadly storm that flooded Greek towns

makis - Nov 17, 2017

“When the Atlantic hurricane season begins to quiet down in late October and November, it’s time to cast an eye…

Leave a Comment

Your email address will not be published.