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BoG head: Part of the 11.5 bln euros of HSFS as last resort credit line

"The fact that the European Central Bank's (ECB) stress tests showed that Greek systemic banks do not lack capital gives the Greek economy the opportunity to make use of the 11.5 billion euros of the Hellenic Financial Stability Fund (HFSF) with greater ease and flexibility," said on Wednesday Bank of Greece (BoG) governor Yannis Stournaras to newspaper "Ta Nea".

  • Published in Economy

Stournaras' Political Uncertainty Warnings

Yiannis Stournaras in his first comments on politics, since taking over as central bank governor last month, said there were still downside risks to the economic outlook. He notes that political uncertainty around a presidential election scheduled for 2015 is the main risk to the debt-laden country's economic recovery.

  • Published in Economy
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