Synergies

National strategy for financial literacy in Greece

The Bank of Greece actively supports initiatives for the development of a national strategy for financial literacy. In this context, Bank of Greece staff participate actively in consultations on the development of a national strategy, under the coordination of the Special Secretariat for Private Debt Management (SSPDM), which has received technical assistance from the European Commission and expertise from the OECD for this project. 

2nd thematic workshop of the project “A National Strategy for Financial Literacy” - Press release (available only in Greek)

The Bank of Greece, national coordinator of Global Money Week

 Since November 2022, the Bank of Greece has taken up the role of national coordinator of OECD’s initiative “Global Money Week”. It is an annual global awareness-raising campaign on the importance of ensuring that young people, from an early age, are financially aware, and are gradually acquiring the knowledge, skills, attitudes and behaviours necessary to make sound financial decisions and ultimately achieve financial well-being and financial resilience.
From 2012 up to 2022, the actions of Global Money Week have reached over 53 million children and young people from 176 countries around the world. The next edition of Global Money Week 2023 is scheduled to take place on 20-26 March 2023.
In the context of Global Money Week 2022, the Bank of Greece and the Central Bank of Cyprus co-hosted on 17 March a webinar on “Financial Literacy: Challenge for the Future”. Governors Yannis Stournaras and Constantinos Herodotou were the keynote speakers. 

Speech by Governor Yannis Stournaras entitled “The need to promote financial education” (available only in Greek)

In this context, the Museum has organised the following special events:
• Museum visits
• Guided tours to the current temporary exhibition of the Museum
• Digital activities
• Online access to a 3D green investment game
• Museum outreach programme
• Launching of the museum-educational programme “Without cash, how?”

Global Money Week: Build your future, be smart about money – Events at the Museum of the BoG 

Hellenic Financial Literacy Institute

The Hellenic Financial Literacy Institute is a non-profit organisation whose object is to disseminate financial knowledge and the fight against financial illiteracy. It was founded in February 2016 by Mr Nikolaos Philippas, Professor at the Department of Business Administration of the University of Piraeus.
The actions of the Institute include speeches, events, conferences, scientific studies, learning programmes, writing and publishing books, and a National Financial Literacy Survey.
Listed below are publications on topics related to financial education in collaboration with the Hellenic Financial Literacy Institute:

• Nikolaos D. Philippas, “Money doesn’t grow on trees”
  Welcome address by Governor Yannis Stournaras at the presentation of the book (available only in Greek)

• Nikolaos D. Philippas, “The abecedary of economy for children up to 12 years old” 

Press release on the book presentation (available only in Greek)

     Click here to read the book (available only in Greek)

     You can find more information regarding the book here

Event on financial literacy organised by ActionAid Hellas

The Bank of Greece hosted on 10/12/2019 the inaugural event of the ActionAid Hellas (available only in Greek) programme for the promotion of financial literacy in Greece. The programme aimed to improve the financial literacy of primary and secondary education students and their teachers, familiarising them with basic economic concepts. It was funded by the European Investment Bank Institute and was implemented in collaboration with Aflatoun International and the NGO ERGO. 

Economics Olympiad

Since 2020, the Bank supports the competition of the Greek Economics Olympiad (available only in Greek), which is organised by the Center for Liberal Studies - Markos Dragoumis (KEFiM) in collaboration with the Institute of Economic Education (INEV) of the Czech Republic, competent body of the International Economics Olympiad. The competition is designed for high school students and its goal is to promote financial literacy. 

In Greece, the Economics Olympiad was first organised in school year 2020-2021. Governor Yannis Stournaras participated in the award ceremony by addressing the audience and presenting the winners of the competition with their prizes. The Bank of Greece supports the competition also in 2022-2023. 

E-square project

The Bank of Greece supports the E-square project (available only in Greek), a student initiative for the pilot implementation of Banking 101, a programme consisting of a series of 4-hour courses on modern banking and its applications. Its goal is to provide both theoretical and practical knowledge to school students. 

The Band of Greece explains in “ΜR”

The Bank of Greece cooperates with the economic webpage “Money Review” of Kathimerini daily by writing the column “The BoG explains in “ΜR”” (available only in Greek), which presents in simple and understandable language basic economic concepts in order to inform and educate the general public. 

Collaboration with the Get Involved initiative

Get Involved is a student initiative that was launched in 2017 with a view to ensuring financial literacy to its young participants. Its actions include an innovative, at global level, Simulation Conference of the European Central Bank addressed to students, a number of educational workshops and an academic journal. 

The Bank of Greece has been supporting the Get Involved initiative since 2019. 

13/12/2019 - 3rd ECB Conference Simulation organised by the Get Involved initiative 

11/12/2020 - 4th ECB Simulation Conference by Get Involved  

Welcome address by Bank of Greece Governor Yannis Stournaras at the 4th ECB Simulation Conference by Get Involved

ECB Listens: 4th Simulation Conference of the European Central Bank

10/12/2021 - 5th ECB Simulation Conference

Ministry of Citizen Protection, Hellenic Police & Hellenic Bank Association (HBA)

Information and awareness campaign on online fraud

The campaign, which was launched in 2021, is a collaboration among the Ministry of Citizen Protection, the Bank of Greece, the Hellenic Police and the Hellenic Bank Association (ΗΒΑ). 

Information material and campaign progress (available only in Greek)