Austerity package prompts Bank of Greece directors to quit


More than a third of the Bank of Greece's senior management have walked out following the decision of the country's parliament to pass another austerity package.

A total of 45 employees have left, including seven of the central bank's directors, many of whom are taking early retirement as the latest round of spending cuts will impose wage caps on public sector staff and shrink pensions in the future. The cap is believed to be around €5,000 ($6,375) a month before tax, but a source close to the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: