17 August 2018

BoG governor commented on IMF's stance on banks

02 October 17 | Yiannis Stournaras
Yiannis Stournaras



Public entity - GREECE


Consultant - GREECE

IBI Group

Consultant - GREECE

Solum Property Solutions

Consultant - GREECE


Antulio Richetta

Director IBI Group
The conclusion of the third review on time will have only positive repercussions on the Greek economy and in the banking sector, stated in an interview with the Sunday edition of Kathimerini newspaper the governor of the Bank of Greece (BoG) Yiannis Stournaras adding that "the elections result in Germany will not create any hurdles".


He commented on IMF's approach on the banks as extreme noting that it adoption would increase the public debt by 6 percent of GDP and the banks' nationalisation without any reason.

Stournaras urged the banks to accelerate the efforts with the cleaning of their portfolio and to proceed with sales and sustainable debt settlements and foreclosures.

"We must persuade that we can ensure the efficient operation of the private debt consolidation framework.

Asked on the messages were sent abroad the former international airport at Helliniko issue for Greece as an investing destination, Stournaras referred to a 'very bad message' to the investing community.


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