ECB’s Greek policy under criticism
The European Central Bank needs greater oversight and more accountability, as it has strayed into the realm of political decision-making but without the necessary scrutiny, global watchdog Transparency International said in a report yesterday. TI singled out the ECB’s role in the Greek bailout, noting that it made political choices instead of merely carrying out technical
Mytilineos profit. The Mytilineos Group last year posted among the highest profits of any Greek firm, amounting to 34.2 million euros, albeit down from 47.5 million in 2015, its financial figures showed yesterday. The drop is due to high energy sector amortization costs in 2016 that will revert to normal in 2017, the group said.