Introduction
The European financial system is bank-based and so is the Greek financial system.
The banking system in Greece is the most common instrument in exercising economic
and monetary policy in accordance with the regulations made by the Bank of
Greece, the European Central Bank, the European Investment Bank and other European
organizations. Banks can change the demand and supply of money, the rate that
money circulates and finally can influence the economic and productive forces in
a country. As a result banks play an important role in the Greek economy.