Greece to Renew Bank of Greece Governor Stournaras for a Third Term

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Greece connected Wednesday projected renewing the word of cardinal slope Governor Yannis Stournaras, extending his 12 years successful the role, a authorities spokesman said successful a statement.

Stournaras would beryllium the archetypal ⁠Greek cardinal banker to service 3 consecutive terms.

The 70-year-old, who besides represents Greece connected the Governing Council of the European Central Bank, has held the station since 2014. His six-year word is owed to expire aboriginal this twelvemonth aft it was renewed in 2020.

Stournaras, a well-respected economist, spearheaded Greece’s instrumentality to economical stableness arsenic concern curate from 2012 to 2014 aft the state astir crashed retired of the euro zone. A prof of economics astatine ⁠the University of Athens, helium has been a subordinate of the ECB’s audit committee since September 2018.

Stournaras: Great honor

“The connection of the Prime Minister and the authorities for my 3rd consecutive word constitutes the top grant for me,” Stournaras ‌said ⁠in a property release.

“I privation to supply my assurance that I volition stay committed to the halfway ngo of this important instauration – which successful 2028 completes 1 100 years of service, having played a superior and constructive relation successful economical developments – namely, the safeguarding of monetary stableness and the soundness of the fiscal system, thereby contributing to the maturation of the Greek system for the payment of the state and its citizens,” helium added.

In accordance with the provisions of the Statute of the Bank of Greece, the Bank’s General Council volition convene successful the coming days to formulate its proposal to the Cabinet.

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