The Governor of the Bank of Greece, Yannis Stournaras, expressed confidence that all necessary measures have been taken to ensure financial stability following the Supreme Court's decision on loan interest rates under the Katseli Law.
Yannis Stournaras, the Governor of the Bank of Greece, shared his confidence regarding financial stability in light of the recent Supreme Court decision concerning the interest rates on loans that fall under the Katseli Law. He explained in a radio interview that the Bank of Greece is awaiting the official recording of the Supreme Court's decision, emphasizing that specific details of the ruling are crucial for understanding its implications. Stournaras insisted that measures have been implemented to protect the financial stability of the country amidst legal changes.
Furthermore, Stournaras commented on the government's guidelines concerning Swiss franc loans, indicating that he believes the administration has taken the best possible actions for borrowers while still maintaining the financial sector’s stability. He assured that the Bank of Greece is prepared to provide technical assistance regarding these issues. His statements reflect the delicate balance the government must uphold between supporting borrowers and ensuring the integrity of the financial system.
Lastly, when asked if political conditions could impact the economy, Stournaras acknowledged the interconnectedness of political stability and economic performance. He indicated that any shifts in the political landscape could have ramifications for economic stability, reiterating the Bank of Greece's commitment to safeguarding the financial system as the country navigates these challenges.
