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Michalis Sallas

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Title: Michalis Sallas  
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Subject: Piraeus Bank, Panagiotis Roumeliotis, 1950 births
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Michalis Sallas

Michalis Georgios Sallas (

  1. ^ Marketzone(defunct website; last Wayback Machine capture Feb. 8, 2014)
  2. ^ a b Piraeus Bank staff, no byline. ]Michael G. Sallas, Curriculum vitateΒιογραφικά σημειώματα [ (Report).  
  3. ^ Περιοδικό NITRO, Απρίλιος 1999


Sallas became Chairman of Piraeus Bank after the right-wing government of the conservative New Democracy party decided to privatize it in 1991. He persuaded a group of powerful businessmen to buy the bank and appoint him its chairman; since that time, Piraeus Bank has expanded aggressively, both in Greece and internationally, and today is Greece's largest bank.

Sallas has been acively involved in politics as a supporter of Andreas Papandreou, a socialist politician who served for many years as Greece's Prime Minister; in 1974, Sallas was a founding member of PASOK, Papandreou's party. In successive Papandreou governments, he served as General Secretary of the Ministry of Commerce, Governor of the Hellenic Industrial Development Bank (ETVA), economic advisor to the Prime Minister and chairman of the committee for the modernization of the Greek banking system, among other positions.[2]

He began his academic career in Germany, as a researcher in Heidelberg University's Institute of International Comparative Statistics. He has also taught economics and econometrics at the University of Athens and at Panteios University.[3]

Sallas is a Cretan; he was born in Heraklion in 1950. He graduated from the University of Athens with a degree in economics, and did postagraduate studies in Germany (then West Germany), obtaining a PhD in economics and statistics from the University of Heidelberg.[2]



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