Stournaras: ECB is prepared to support the Eurozone

29 November 2016
218 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

Lotto results: Wednesday 20 June 2018
GREECE
shares17 views
GREECE
shares17 views

Lotto results: Wednesday 20 June 2018

Panos - Jun 20, 2018

The winning numbers from the Lotto draw on Wednesday 20 June are as follows:

Mykonos! The island where some bread slices cost 28 euros!
GREECE
shares22 views
GREECE
shares22 views

Mykonos! The island where some bread slices cost 28 euros!

makis - Jun 20, 2018

A Spanish bakery claims to sell the world’s most expensive bread in the world at €106 a loaf. OK, that…

Panathinaikos FC agree to terms with coach George Donis
GREECE
shares21 views
GREECE
shares21 views

Panathinaikos FC agree to terms with coach George Donis

makis - Jun 20, 2018

Manager George Donis will be at the helm of Panathinaikos FC, after the two parties agreed on terms on Wednesday.…

Leave a Comment

Your email address will not be published.