Tuesday September 2, 2014 Search
Weather | Athens
29o C
23o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Stournaras vows to protect public interest at BoG

Finance Minister Gikas Hardouvelis (right) and Yannis Stournaras, former finance minister and newly appointed governor of the Bank of Greece, attend a parliamentary committee in Athens, on Wednesday.

New Bank of Greece Governor Yannis Stournaras on Wednesdya pledged not to be swayed by political pressures and interests during a session in Parliament where his appointment was confirmed in a vote by the committee for public bodies.

“I will continue to protect the public interest,” said Stournaras, who served as finance minister for two years during which his austerity policies stabilized the economy but also slashed living standards.

Stournaras’s appointment to his new role was approved by 10 MPs from New Democracy and PASOK with a total of seven opposition party MPs voting against it and one voting present while another was absent.

The new central bank governor did not come under vehement fire from members of the main leftist opposition SYRIZA, as had been widely expected, with the leftists preferring to question him about his intentions. “Will you be the long arm of the current prime minister and implement government policy?” Panayiotis Lafazanis asked him. “How will you coexist with a government of a different political persuasion?” Nikos Voutsis inquired.

Stournaras insisted that he would “be above ambitions and interests,” adding that he had “nothing against” SYRIZA.

In his speech, the new central bank governor said that the value of nonperforming loans at Greek banks was currently 77 billion euros, a third of the total, noting that lenders’ losses this year were largely due to bad loans.

ekathimerini.com , Wednesday June 25, 2014 (20:44)  
Education minister calls for probe into predecessor´s reform plan
Anti-racism bill goes back to Parliament
Athens condemns Erdogan comments about Cyprus
Government tries to lower hopes ahead of Paris talks
Tourism targets rise ever higher
The latest data have allowed the Hellenic Association of Tourism Enterprises (SETE) to raise its target for tourism arrivals and revenues this year higher still. During a meeting with main o...
Horse race betting hurdle removed for OPAP
The new tender for the concession of the right to organize and operate wagering on horse races in Greece for the next 20 years will include a number of changes in its terms, despite assuranc...
Inside Business
BASKETBALL
Greek hoopsters go top of their group in World Cup
Greece has qualified to the second round of the FIBA World Cup after going top of its group of six through a third win in as many group games in Spain. On Monday it beat Puerto Rico 90-79 in...
SOCCER
Fulham striker Mitroglou set to re-join Olympiakos
Greek champions Olympiakos Piraeus are set to re-sign Kostas Mitroglou on loan from English second tier club Fulham after the striker arrived in Athens for talks on Sunday. An Olympiakos spo...
Inside Sports
ANALYSIS
EU’s three big problems all linked
The outgoing president of the European Council, Herman Van Rompuy, said at the weekend that his successor, Donald Tusk, currently Poland’s prime minister, faces three big challenges: the sta...
COMMENTARY
A great president
I fully understand the country’s need for political stability, a necessity which makes the election of a president by the current Parliament absolutely imperative. At the same time, however,...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Greek hoopsters go top of their group in World Cup
2. Tourism targets rise ever higher
3. Horse race betting hurdle removed for OPAP
4. Revised GDP data confirm that Greek growth is near
5. Measures to reduce unemployment
6. Peachy export data despite Russian embargo
more news
Today
This Week
1. Excavation work at Amphipolis reveals section of marble mosaic floor
2. A great president
3. Erdogan visits Turkish-occupied Cyprus
4. Greek economy shrinks at slowest pace since late 2008
5. Don’t feed the zombies
6. Greek officials meet to fine tune strategy for Paris talks with troika
Today
This Week
1. Thessaloniki mayor Boutaris sworn in wearing yellow star amid Golden Dawn protests
2. The battle against progress
3. Attack on gay couple in Athens leaves one man needing surgery
4. Strong undersea quake occurs off island of Milos, felt in Athens
5. Greek quest for debt relief faces hurdles in Paris
6. Hardouvelis, ECB executive discuss bank program, stress tests
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.