Greece

The European banking sector review expected this coming Sunday, October 26, will clarify Greece's funding needs, said European Stability Mechanism (ESM) head Klaus Regling earlier today. Regling also stressed that the Eurozone should keep the funds it is allocating for crisis...

Ratings agency Moody's today said it had placed the deposit and debt standing of six Greek banks, including several leading lenders, on review for a possible downgrade.  It similarly placed Greece's own sovereign ratings on negative watch. "Moody's Investors Service has...

The International Monetary Fund is not asking Greece to take any additional fiscal measures under the bailout programme, the head of the IMF's European Department Poul Thomsen told a news briefing. "I do not see any need for additional fiscal...

Poul Thomsen, Director of the European Department of the IMF, said there are "no concerns" about the stability of Greek banks and an asset quality review (AQR ) is not necessary, in an apparent shift on IMF’s previous statements. Earlier,...

Greek Finance Minister Euclid Tsakalotos predicted that in the next two years Greece would be overwhelmed by foreign investment that could become difficult to absorb. In an interview with private TV station ANT1 on Wednesday evening, Tsakalotos brushed aside concerns...

Greece and its creditors believe that the country will not need a precautionary credit line after its aid program is completed in August 2018, Finance Minister Euclid Tsakalotos said on Friday after a meeting of euro zone ministers in...

The International Monetary Fund on Thursday approved in principle a €1.6 billion standby loan arrangement for Greece, making a conditional commitment to help underpin the country's long-running bailout program for the first time in two years. But the IMF's approval-in-principle...

After months of deliberations, Greece secured long term financing from the Eurozone countries on Friday evening. The Eurogroup convened just a few hours after the Greek Parliament ratified the 86-billion-euro cash-for-reforms bailout deal. The Eurozone's approval ensured that Greece will receive the 86...

Six out of ten economists in a Bloomberg News survey said Greece will need to top up the 240 billion euros of loans received from Europe and the International Monetary Fund since 2010, when it lost access to bond...

Greece's successful, if cautious, return to the bond markets this month was the result of a secret, carefully-crafted meeting Prime Minister Antonis Samaras had in New York with investors, brokered by noted Greek-American financier Jamie Dimon, Chief Executive of...

It is likely that Greece may need further help from the eurozone over the next two years despite the yesterday’s successful return to bond markets, warns the head of the European department of the International Monetary Fund Reza Moghadam. “The...

The prospect that Greece may be emerging from the darkness of a harsh economic and deep recession is seeing international investors putting money back into still-troubled Greek banks in expectations they will see profits, Piraeus Bank Chairman Michalis Sallas...

The Financial Times published another article concerning the Greek economy stressing the fact that Greek banks are in need of a 20 billion dollar capital, even though the IMF denied it yesterday and spoke of a 5.5 billion recapitalization. This...

The Greek financial system remained strong throughout the Covid-19 pandemic, the Bank of Greece stated in its Financial Stability Review.

Ana Vukovic, from Collier’s Greece and Serbia, spoke about the challenges of the post-pandemic world for Greek real estate.