ECB’s Greek pol­icy un­der crit­i­cism

Kathimerini English - - Focus -

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.

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