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Yannis Stournaras Officially Named NBG Governor

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Former Greek Finance Minister Yannis Stournaras has been formally named as the National Bank of Greece's new governor.

Stournaras is replacing George Provopoulos. As the new governor stated, "As Finance Minister you execute government policy. The governor of the Bank of Greece has very different obligations. Both seek to safeguard the public interest. And currency stability is in the public interest", according to Kathimerini.