Governor, Bank of Greece Nikos Garganas of Greece
Greek banks' capital adequacy rates, with only minimum exceptions.
Nikos Paleokrassas, a member of the institution's monetary committee.
Greek central bank seeks reform of banking regulationGreek central bank governor Nikos Garganas said on Tuesday that he wanted to see reform of banking regulation.
Garganas joined the Bank of Greece as a Senior Economist in 1975.
Garganas was a Research Officer at the National Institute of Economic and Social Research in London from 1968 to 1975.
Garganas was a member of the Economic and Financial Committee of the European Union (from 1998 to 2002), a member of the Monetary Committee of the European Communities (from 1985 to 1987 and from 1994 to 1998), a member of the OECD Economic Policy Committee (from 1975 to 1988), and the Economic Policy Committee of the European Communities (from 1982 to 1985.
Dr Garganas has published books and articles in the areas of macro-economics, economic modelling, European economic and monetary union, and monetary policy.
ANABank of Greece Governor Nikos Garga-nas addressing shareholders, probably for the last time, yesterday.
Financial Times reported, citing an interview with Garganas.
Garganas says credit market crisis may still slow growthCredit market problems may have a larger impact on the eurozone than expected but growth is still likely to be near potential this year, said Garganas, who is a member of the European Central Bank Governing Council.
Bank of Greece Governor Nikos Garganas said the signing of the memorandum will create a new framework to enhance regional cooperation in the banking sector, similar to the one existing between Scandinavian countries.
Greek central bank governor Nikos Garganas said on Tuesday that he wanted to see reform of banking regulation.
Bank of Greece Governor Nikos Garganas said economic developments in Greece are positive and urged for the continuation of efforts to promote reforms, and to reduce fiscal deficit, unemployment, and inflation.
The Greek economy is in better shape now than it was 10 or 15 years ago in terms of production capacity, markets' operation and the general macro-economic framework," Bank of Greece's governor Nikos Garganas said on Tuesday in presenting the central bank's annual report for 2006.
Garganas said these problems were mainly related with structural weaknesses in product and labour markets and problems in education and the tax system.
Mr Garganas said that the Greek government would soon promote a draft legislation offering Bank of Greece with wide powers to protecting borrowers while he stressed that the country's financial system needed more enhanced supervisory measures.
Commenting on a recent sale of gold reserves by the central bank, Mr Garganas said that proceeds from the sale, 207 million euros, were invested in bonds.
Commenting on the impact of a global crisis on the domestic banking system, Garganas said it remained limited and indirect.
Presenting the program, central bank governor Nikos Garganas said the program would save around 20-30 million euros (one euro equals about 1.
Garganas said the central bank would offer incentives to staff nearing retirement age, although he stressed that this move should not be considered a voluntary retirement program.
Garganas said the move followed a similar program by other central banks, such as the German Bundes bank (it cut its branches to 87 from 154); France (96 from 213), Spain (22 from 52) and Belgium (seven from 22.