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Greece's Bank-Support Fund Chair Resigns (NBG)

March 23, 2015 2:50 PM EDT

Christos Sclavounis, chairman of Greece’s bank-rescue fund, is said to have resigned his position.

The WSJ cites two senior Greek government officials on the news.

The Hellenic Financial Stability Fund issued a press release as well, which read: The Hellenic Financial Stability Fund (HFSF) announces that today Monday March 23rd, 2015 Mr. Christos Sclavounis, Chairman of the HFSF, submitted his resignation to the Minister of Finance which was accepted.

The HFSF received €48.2 billion from 2012 through 2014 to replenish Greek banks under its bailout terms. Only €37.3 billion is said to have been used.



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