THE Bank of Greece in time had warned by June 2021 in the Monetary Policy Report for risk of a global rise in inflationeven pointing out that there are and structural factorssuch as the denationalization of production and climate change, which may lead to higher inflation in the long runmentioned a while ago the governor of the BoG Giannis Stournaras speaking at the Conference of the Center for European Constitutional Law (Themistoklis and Dimitris Tsatsou Foundation).
He repeated that he was wrong early recourse to the polls in 2015 “It is worth considering how different the economic developments in 2014 might have been if we had not led to forced elections at the beginning of next year, due to the impossibility of electing a President of the Republic. In other words, if in 2014 the political system had more “political space” at its disposal for the completion of the few remaining reforms, “in order to ‘tie’, in a way that did not allow a setback, both the fiscal progress and the economic recovery that they had achieved “. My relevant public intervention to the Greek MPs in November of that year “raised a lot of dust” and was considered political. But it was deeply institutional. “
Mr. Stournaras also stressed that many times during its long history The Bank of Greece has become a target of interests in several cases who wanted to weaken its institutional role, for the benefit of policies that are contrary to the basic principles of its Statute. On the one hand, because acting as the institutional barometer of the economy he was often in the middle of a tug-of-war of political controversy. On the other hand, because by contributing to its role in the investigation of important cases of mismanagement and corruption, it was targeted by strong economic interests.
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