Greece dumps debt management chief

The head of the Greek Public Debt Management Agency has been replaced - Petros Christodoulou took over yesterday from Spyros Papanicolaou, with immediate effect.

Christodolou joins from the National Bank of Greece, where he has spent the past 12 years as general manager of treasury and global markets. Greece's debt management has received increasing scrutiny this month, as the country comes under pressure from fellow eurozone members to reduce its soaring debt and deficit. Criticism has also followed the news, reported in Risk, that the Greek government used derivatives transactions to conceal its true fiscal position.

This article first appeared on Risk.net