BoG Gov. Stournaras: Central bank has an obligation to publicly warn about risks

17 January 2018
471 Views

Influential Bank of Greece (BoG) Gov. Yannis Stournaras on Tuesday reiterated that the country’s central bank has an obligation to warn, in a timely and public manner, of possible risks that may disrupt the monetary and credit stability in the country.

Stournaras, a former finance minister in a government preceding the current leftist-rightist coalition, has never been popular with the Tsipras government or leftist SYRIZA party, although the BoG’s eurozone-mandated autonomous status affords him heightened independence.

Speaking a customary after-New Year’s event, Stournaras said Greece’s central bank has often been the target of “vested interests” that aim to weaken its institutional role to the benefit of policies “opposed to the basic principles of its charter”.

As such, he cited the terrorist mail-bomb attack against former prime minister and BoG gov. Lucas Papademos, among others.

You may be interested

Weather forecast: Rain
GREECE
shares10 views
GREECE
shares10 views

Weather forecast: Rain

Panos - Jan 22, 2019

Rain and southerly winds are forecast for Tuesday. Wind velocity will reach 7 on the Beaufort scale. Scattered showers in…

Police arrests Greek non-commissioned officer & English national in the Greek-Turkish borders
GREECE
shares21 views
GREECE
shares21 views

Police arrests Greek non-commissioned officer & English national in the Greek-Turkish borders

makis - Jan 21, 2019

A Greek non-commissioned officer was arrested yesterday by the Greek police in Orestiada area, in Evros at Northern Greece at…

Greek sovereign debt reaches 335 billion
GREECE
shares23 views
GREECE
shares23 views

Greek sovereign debt reaches 335 billion

makis - Jan 21, 2019

Greece’s sovereign debt increased to 334.988 billion euros at the end of the third quarter of 2018, EUR 21.493 billion…

Leave a Comment

Your email address will not be published.