These actions are not delegated to the Reserve Banks, and are undertaken only with the concurrence of the Board’s General Counsel and the Board’s Director of the Division of Banking Supervision and Regulation. Because these actions are public, they can have a significant impact on a banking organization, particularly one that is a public company.
The overwhelming majority in Greece still want to be within the core of Europe. This is our legacy as a nation that goes back to our history and our tradition.