Bank of Greece
Book notes: The monetarists: the making of the Chicago monetary tradition, 1927-1960, by George S Tavlas
A fascinating, scholarly and sympathetic account of the Chicago monetary tradition
Innovation hubs should help central banks update regulation – panellists
Regulation should be transparent enough for fintechs to understand what requirements must be met
Bank of Greece proposes ‘bad bank’ for NPLs
Covid-19 may worsen the highest ratio of non-performing loans in the eurozone, central bank says
Greek authorities drop corruption probe into governor
Stournaras says “character assassination” was a plot against him
ECB warns draft Greek law could damage banks
Key details of measure are unclear but could be damaging, says ECB
Greek governor accuses government minister of breaking law
Stournaras says minister illegally recorded phone call after being angered by loan inquiry
Greek central bank suggests switching €7.5 billion in bad assets to new entity
Uncertainty over whether government or European Union will accept suggestion
Greek governor takes legal action against prosecutor in ‘corruption’ case
Stournaras also accuses anonymous witnesses of defamation
Greek governor accuses government of ‘outright lies’ over bribery allegations
Prime minister says he wants the truth, but Stournaras accuses government of deception
Greek governor attacks ‘politically motivated' accusations
Parliamentary audit cleared Stournaras of failing to disclose assets, Bank of Greece says
Former Greek central bank governor injured by bomb
Papademos attack follows letter bombs sent to Schaeuble and IMF
Protectionism will undermine global trade recovery – Greek deputy
Mourmouras warns Donald Trump against enforcing protectionist policies, highlighting the negative effects it could have on global trade
Greek central bank governor is ‘the real goal’ of police raid, wife says
Greek police raid the office of a company owned by the wife of central bank governor Yannis Stournaras; she denies all wrong-doing and says aim of raid is to “denigrate” her husband
ECB restores ‘waiver’ to let Greek banks access cheaper finance
ECB restores waiver to Greek government bonds, lowering the cost of finance for Greece's central bank; demands further adherence to conditionality, but holds out possibility of buying government bonds
Bank of Greece pushes for government reforms and debt relief
Monetary policy report urges government to pass reforms, but criticises creditor's focus on tax increases and 3.5% primary surplus; expects growth to pick up to –0.3% by year-end
Central banks may be at risk after Greek website attacked
Denial-of-service attack takes Bank of Greece website down for several minutes; reports point to hacking group Anonymous, and the potential for other central banks to be targeted
Some analysts see stress tests losing effectiveness – Stournaras
Greek central bank governor raises questions over perception of stress tests; regulators’ models need to take more account of national differences, he argues
Greek governor calls for ‘bold and innovative’ action on non-performing loans
Greek economy should start a modest recovery in the second half of 2016, but the government must hit bailout programme targets and take bold action on non-performing loans, governor says
Eurozone QE ‘much needed’ but not enough for growth, Greek deputy says
Bank of Greece deputy governor Iannis Mourmouras praises ECB programme but suggests more measures needed from elsewhere; criticises poor sequencing of structural reforms in past
Consensus key for moving forward in Greece, says central bank
Bank of Greece stresses need for ‘unobstructed’ implementation of creditor agreement, as it publishes latest interim report on monetary policy
ECB allows national central banks to disclose ELA provision
Bank of Greece becomes first central bank to make use of power to disclose ELA figures