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| # Yannis Stournaras
**Γιάννης Στουρνάρας**
- **Governor of the [Bank of Greece](/Bank_of_Greece)**
*Incumbent*
**Assumed office**
20 June 2014
- **Prime Minister** [Antonis Samaras](/Antonis_Samaras)
[Alexis Tsipras](/Alexis_Tsipras)
[Vassiliki Thanou](/Vassiliki_Thanou-Christophilou)
[Alexis Tsipras](/Alexis_Tsipras)
[Kyriakos Mitsotakis](/Kyriakos_Mitsotakis)
[Ioannis Sarmas](/Ioannis_Sarmas)
[Kyriakos Mitsotakis](/Kyriakos_Mitsotakis)
**Preceded by** [George Provopoulos](/George_Provopoulos)
- **Minister of Finance**
*In office*
5 July 2012 – 10 June 2014
- **Prime Minister** [Antonis Samaras](/Antonis_Samaras)
**Preceded by** [George Zanias](/George_Zanias)
**Succeeded by** [Gikas Hardouvelis](/Gikas_Hardouvelis)
- **Minister for Development, Competitiveness and Shipping**
*In office*
17 May 2012 – 21 June 2012
- **Prime Minister** [Panagiotis Pikrammenos](/Panagiotis_Pikrammenos)
**Preceded by** [Anna Diamantopoulou](/Anna_Diamantopoulou)
**Succeeded by** [Kostis Chatzidakis](/Kostis_Hatzidakis) (Development, Competitiveness, Infrastructure, Transport and Networks)
**Personal details**
**Born** (1956-12-10) 10 December 1956 (age 69)
[Athens](/Athens), [Greece](/Greece)
**Political party** [Independent](/Independent_politician)
**Alma mater** [University of Athens](/National_and_Kapodistrian_University_of_Athens) (BA)
[St Catherine's College, Oxford](/St_Catherine%27s_College,_Oxford) (MPhil, DPhil)
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Yannis (or Giannis) Stournaras ([Greek language](/Greek_language): Γιάννης Στουρνάρας; born 10 December 1956) is a [Greek](/Greece) economist who has been the Governor of the [Bank of Greece](/Bank_of_Greece) since June 2014. His tenure has been marked by significant economic challenges, including the aftermath of the [Greek government-debt crisis](/Greek_government-debt_crisis), where his expertise in monetary policy and fiscal discipline has been instrumental in stabilizing the country's financial sector. As every Governor of an [IMF](/International_Monetary_Fund) member country, he is on the Board of Governors of the [International Monetary Fund](/International_Monetary_Fund), a position that underscores his influence in global economic governance.
Before assuming his current role, Stournaras served as the [Greek Minister of Finance](/Ministry_of_Finance_(Greece)) from 5 July 2012 to 10 June 2014, a period characterized by intense negotiations with international creditors and the implementation of austerity measures. His tenure as Minister of Finance was pivotal in shaping Greece's economic recovery strategies, including structural reforms and fiscal consolidation efforts that aimed to restore investor confidence and economic stability.
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## Early Life and Education
Stournaras was born in [Athens](/Athens), [Greece](/Greece), in 1956. He received his undergraduate degree in [economics](/Economics) from the [University of Athens](/National_and_Kapodistrian_University_of_Athens) in 1978, where he demonstrated early academic prowess. His intellectual journey continued at the [University of Oxford](/University_of_Oxford), where he earned a [Master's degree](/Master%27s_degree) (MPhil) in 1980 and a [doctorate](/Doctorate_of_Philosophy) (DPhil) in economic theory and policy in 1982. His doctoral research focused on macroeconomic stabilization policies, a theme that would later define his career in public service and academia.
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## Academic Career
From 1982 to 1986, Stournaras worked as a lecturer and research fellow at [St Catherine's College, Oxford](/St_Catherine%27s_College,_Oxford), where he contributed to research on economic policy and international finance. He also served as a research fellow at the [Oxford Institute for Energy Studies](/Oxford_Institute_for_Energy_Studies), further honing his expertise in energy economics and its intersection with macroeconomic policy.
Upon returning to Greece, Stournaras took on advisory roles in the [Ministry of Finance](/Ministry_of_Finance_(Greece)) from 1986 to 1989 and later at the [Bank of Greece](/Bank_of_Greece) from 1989 to 1994. His insights were crucial during Greece's preparations for accession to the [European Monetary Union](/European_Monetary_Union) ([Eurozone](/Eurozone)), where he played a key role in aligning Greece's economic policies with the [Maastricht criteria](/Maastricht_Treaty). He also represented the Ministry of Finance at the [Monetary Committee](/Monetary_Committee) (now the [Economic and Financial Committee](/Economic_and_Financial_Committee_(European_Union))) of the [European Union](/European_Union), engaging in critical discussions on monetary integration and fiscal coordination.
Stournaras served as Chairman of the [Council of Economic Advisers](/Council_of_Economic_Advisers_(Greece)) from 1994 to July 2000, where he was responsible for formulating Greece's macroeconomic policy and coordinating with international organizations such as the [International Monetary Fund](/International_Monetary_Fund), the [European Commission](/European_Commission), and the [Organisation for Economic Co-operation and Development](/Organisation_for_Economic_Co-operation_and_Development). His leadership during this period was instrumental in navigating Greece's economic transition and ensuring compliance with EU standards.
In addition to his public service, Stournaras has been a professor of economics at the [University of Athens](/National_and_Kapodistrian_University_of_Athens) since 1989. He is also the director of the Foundation for Economic and Industrial Research (IOBE), a prominent Greek [think-tank](/Think-tank) that conducts research on economic policy, industrial development, and competitiveness.
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## Other Activities
Stournaras has been actively involved in several international economic institutions:
- **[European Investment Bank](/European_Investment_Bank) (EIB)**: Member of the Appointment Advisory Committee (since 2017)
- **[European Systemic Risk Board](/European_Systemic_Risk_Board) (ESRB)**: Ex-Officio Member of the General Board (since 2017)
- **[International Monetary Fund](/International_Monetary_Fund) (IMF)**: Ex-Officio Member of the Board of Governors (since 2014)
His participation in these organizations reflects his commitment to addressing systemic risks in the European financial system and promoting economic stability on a global scale.
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