Issues discussed at today's meeting of the Governor of the Bank of Greece, Mr G. Provopoulos, with Mr G. Papandreou
07/11/2008 - Press Releases
The Governor of the Bank of Greece, Mr George A. Provopoulos,
met today, on his own initiative, with the President of the Panhellenic
Socialist Movement (PASOK), Mr George A. Papandreou.
The discussion involved mainly the latest international
economic and financial developments, while the Governor presented all the
related positive initiatives undertaken by the European Central Bank.
Reference was also made on the aspects of the government plan
to protect the economy from the impact of the international
turmoil, whereupon Mr Papandreou analysed PASOK’s proposals.
Finally, the Governor referred to the technical components of
the plan, the implementation of which will be entrusted to the Bank of Greece (e.g.,
type of collateral, valuations, haircuts, fees and credit risk pricing). He,
indeed, expressed reservations for a likely generalised, and not targeted/selective,
deferment of borrowers’ bank-loan obligations.