Mitsotakis proposes Stournaras stays at central bank helm for third term

Prime Minister Kyriakos Mitsotakis will suggest the renewal of Yannis Stournaras’ mandate arsenic Governor of the Bank of Greece, the authorities announced connected Wednesday.

In a statement released by authorities spokesperson Pavlos Marinakis, it is announced that Mitsotakis met with Stournaras connected Wednesday astatine the Maximos Mansion, and keeping successful caput the independency and the charter of the cardinal slope the premier is proposing the renewal of the cardinal banker’s mandate astatine BoG.

The existent six-year term of Stournaras, his second, will expire astatine the extremity of the summer, with the caller 1 acceptable to statesman from September 2026.

The premier’s connection will beryllium discussed astatine adjacent week’s furniture meeting.

“The connection of the Prime Minister and the authorities for my third consecutive term arsenic Governor of the Bank of Greece is the top grant for maine and an look of assurance successful me. I want to guarantee you that I will stay committed to the basal ngo of this important institution, which successful 2028 will observe its centenary, having played a superior and originative relation successful economical developments, namely successful ensuring monetary stability and the stability of the fiscal system, contributing to the improvement of the Greek system for the payment of the state and the Greek citizens,” said Stournaras, a erstwhile concern minister.

If, arsenic expected, Stournaras remains astatine the helm of the monitoring authorization of the Greek banking system, helium will adhd different six years to the 12 helium will implicit this summer, since helium was appointed astatine the station successful the summertime of 2014. That will marque him 1 of Greece’s longest-serving cardinal bankers ever.

He besides served arsenic concern curate astatine the Antonis Samaras authorities for two years, from 2012 to 2014, and was instrumental successful keeping Greece successful the eurozone and maintaining the country’s currency travel astatine the tallness of the economical situation of the 2010s.

As Greece’s cardinal banker, helium is besides a subordinate of the Governing Council of the European Central Bank.