Stournaras: Too early to talk about renewing my term of office – Greece on track for steady growth

The Governor of the Bank of Greece, Yannis Stournaras, stated that his word ends successful 2026, emphasizing that it is too early to sermon immoderate imaginable renewal. He added that Greece is experiencing maturation supra 2%, a gait expected to continue successful the coming years.

Speaking astir the outlook of the Greek economy and his ain future, Stournaras highlighted the country’s stability and recovery pursuing the fiscal crisis, portion stressing the value of continuing structural reforms.

“My word ends successful July 2026, truthful it’s excessively aboriginal to speech astir that,” helium said successful an interrogation with Parapolitika 90.1, responding to speculation astir whether helium would question a 2nd term.

He noted that Greece is entering a new economical era, pointing to the advancement achieved since the crisis. “I entered authorities during the situation and worked with 3 antithetic governments. It was a hard time, but we didn’t bash badly,” helium remarked.

On the contented of interest rates and deposit rates, Stournaras explained that the spread is owed to banks’ operating costs, non-performing loans, and provisions for caller lending. He added that nett margins beryllium connected respective factors, including liquidity, and that stronger competition could assistance narrow those margins.

As for potential slope mergers, the cardinal banker clarified:

“We privation much banks, not fewer. We are promoting the extroversion and competitiveness of the Greek banking system.”