Bank of Greece Governor Highlights Adherence to Prudent Fiscal Policy, Strict Bank Supervision as Key Conditions for Economic Success 2026

Balgarianovinite.com Bulgaria will benefit from the advantages of its membership in the euro area, but key conditions for success are adherence to prudent fiscal policy and strict banking supervision, Bank of Greece Governor Yannis Stournaras said on Thursday at a conference segment of The World Ahead 2026 Sofia Gala Dinner, organized by The Economist in Sofia.
Stournaras welcomed Bulgaria to the euro area and described the adoption of the single currency as a historic moment for the country and a step in the right direction in the integration process, one that will also strengthen the European family.
Joining the euro area will enable Bulgaria to fully reap the benefits of membership in the monetary union, the governor said. According to him, the introduction of the euro in Greece in 2001 brought significant benefits to the country – it eliminated currency risk, reduced transaction costs and facilitated trade, tourism and investment. Membership increased confidence and helped improve inflation expectations, he added.
Stournaras predicted that Bulgaria would experience the same positive effects.
He also pointed out that Greece’s membership in the euro area was associated with many policy mistakes and weaknesses. The Bank of Greece Governor briefly outlined the country’s path in the euro area – from economic prosperity, through the sovereign debt and banking crisis resulting from the emergence of large twin deficits – both current account and fiscal – combined with structural problems, a credit boom, widespread tax evasion, an inefficient social system and other imbalances, to the period of stabilization and recovery.
Adherence to prudent fiscal policy and strengthened banking supervision were a central focus of Stournaras’s remarks. He also recommended careful monitoring of income developments in the economy, pricing dynamics and the presence of strong institutions.
Official guests at the forum included Bulgarian President Iliana Iotova; Bulgarian National Bank Governor Dimitar Radev; ECB Chief Economist Philip Lane; International Monetary Fund (IMF) Regional Representative for Central, Eastern and Southeastern Europe Carlos Mulas Granados, and leading business figures. Bank of Greece Governor Highlights Adherence to Prudent Fiscal Policy, Strict Bank Supervision as Key Conditions for Economic Success 2026 THE NEWS FROM BULGARIA – NEWS AGENCY 2009-2025 2026-02-12 19:06:43 Latest news World news Country news Most important news latest news most important latest of the day Justice Petar Nizamov Feathers Petar Nizamov- Feathers Justice bg iustitia.bg iustitia iusticia usticia investigation Burgas Bulgaria news news of the last hour news of the day news of today Bulgaria news The news from Bulgaria blitz news top news most important most commented latest news Boyko Borisov news weather coronavirus news news weather facebook youtube facebook instagram news today news of the last minutes news today today news news bg news leading news hot news bg news site for news all news news bg news of the last hour latest latest news bg news of today news today news today news of the last hour latest news today news bg news news 24 hours news vesti bg novini news world bird bg bivol bg bivol trud bg novini latest news today novinite bg news hello bulgaria political party coat of arms delyan peevski scandalous Bulgarian National Television Free Europe Television scandal exclusive live tv live right now tv tv online tv program bg live now tv news online tv online live court Burgas court Burgas district court Burgas court Burgas district court Burgas district court Burgas appellate court Burgas prosecutor Burgas prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Prosecutor General Ivan Geshev Prosecutor Geshev Tsatsarov Ministry of Internal Affairs Burgas ODMR Burgas ODPR Burgas police Burgas district police Burgas prosecutor Tsatsarov SGS cases Varna court chairman of the SGS court decisions on civil cases decisions on cases Plovdiv court decision of the court decisions cases Varna court criminal cases district district court decisions work in the court SGS chairman of the SGS judges Sofia court post judges Plovdiv court Plovdiv judges Plovdiv Supreme Court Inspectorate Supreme Court Supreme Judicial Council lawyer lawyer criminal cases lawyer civil cases lawyer marriage cases lawyer administrative criminal law criminal process civil law civil process administrative law constitutional law