x

Economy

Stournaras: ECB Strategy Review to Have Positive Impact on Eurosystem and Greece

ATHENS — The European Central Bank's new strategy on monetary policy will enable the Eurosystem to be better prepared to deal with any future financial turbulence, Bank of Greece governor Yannis Stournaras said on Monday.

In an opinion-article published in "Kathimerini" newspaper, the central banker said that Eurozone central banks will be able to react more swiftly and efficiently to economic developments and to preserve favorable financial conditions and stable prices. "This way we will continue contributing to sustainable economic growth, based on the sustainable prosperity of all European citizens and of course Greeks," Stournaras said. He added that a review of the ECB's strategy on monetary policy offered the Eurosystem a vital opportunity to record all lessons learned in the previous two decades to achieve a fundamental improvement of its ability to reach its main goal in the future as well. At the same time, if offered the Eurosystem the ability to become more outgoing by reviewing its communication practices and enhancing dialogue with citizens, so it is better heard but also listens.

Under the reviewed strategy, price stability will be better preserved when the Eurosystem seeks to raise the consumer price index to 2 pct in the long-term.

RELATED

ATHENS – To the surprise of no one who's bought gasoline or food, tried to rent an apartment or buy a home – and gotten an electricity bill – inflation in Greece has jumpeds so far so fast that it has hit a record high.

Top Stories

General News

FALMOUTH, MA – The police in Falmouth have identified the victim in an accident involving a car plunging into the ocean on February 20, NBC10 Boston reported.

General News

NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.

General News

PHILADELPHIA – The Federation of Hellenic Societies of Philadelphia and Greater Delaware Valley announced that the Evzones, the Presidential Guard of Greece will be participating in the Philadelphia Greek Independence Day Parade on March 20.

Video

Woman Fatally Shot while Pushing Stroller on Upper East Side

NEW YORK — A 20-year-old woman was fatally shot Wednesday night while she pushed her infant daughter in a stroller on the Upper East Side, police said.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. abc@xyz.com

You may unsubscribe at any time using the link in our newsletter.