Greece
Economy
HSBC: Greece's Bailout Exit Plausible, Clean Exit Less So
Greece may be able to exit the bailout programme established by international lenders as soon as this year, banking giant HSBC has said, adding that a clean exit is less clear.
The country last year regained access to capital markets,...
Greece
Israeli-Greek Sabby Mionis Sues HSBC and Falciani Over 'Lagarde List'
Israeli-Greek bussinessman Sabby Mionis is suing whistle-blower Hervé Falciani and the HSBC bank over the disclosure of private information from his bank account, contained in the "Lagarde List".
Speaking to Swiss paper Les Temps, Mionis, who currently lives in Israel,...
Economy
Greek Prosecutors Take Testimony from Former HSBC Employee on 'Lagarde List'
Four Greek prosecutors took testimony from the former HSBC employee Hervé Falciani in Paris on Friday, who in 2008 stole data from around 130,000 bank customers, as part of their investigation into Greek bank account holders.
The list, which in...
Economy
HSBC Tests Cash Machines in Athens for Drachmas
HSBC has tested its cash machines in Greece to check whether they could cope with the reintroduction of the drachma if the country drops out of the euro. It is the clearest sign yet that the international financial sector...
Europe
Transavia Airlines to Add France-Greece Flights this Summer
Transavia Airlines will increase the number of flights they fulfil between France and Greece for the summer of 2021, the CEO said on Monday.
Business
Greece Hopes to Double Tourism Revenues Over 2020
As Greece tourism finally reopens to the world on Friday, officials hope to double the amount of tourists -- and revenues -- over 2020.
Economy
Greece into Deep Recession after Pandemic, Credit Rating Houses say
International credit rating houses predict that Greece will go into deep recession in 2020, with the covid-19 pandemic causing a blow in the economy and a significant increase in the national debt.
Tourism, Greece's main source of revenue, is already...
Economy
Greece Launches 15-Year State Bond, Signaling Return to Financial Normality
Greece's Public Debt Management Authority announced the launch of a 15-year state bond in a statement released on Monday.
The announcement came just 48 hours after the credit rating agency Fitch upgraded the country's credit rating to BB from BB-.
This...
Economy
Demand for Greek 10-Year Bond Exceeds 11 Billion Euros
Investors' bids on a new Greek 10-year bond issue exceeded 11.3 billion euros on Tuesday, with the interest rate of the issue set at 3.9 percent, according to sources quoted by the Athens News Agency.
Earlier in the day, Greek...
Economy
Greece Plans Return to Markets With Five-Year Bond
Greece's debt agency announced the country's return to the bond markets on Monday, with a five-year syndicated issue of the financial product.
The bond issue will be launched “in the near future, subject to market conditions”, authorities said in a...
Economy
Greek Bank Shares Drag Down the Athens Stock Exchange, State Bonds Reach 4.66%
The turmoil in the Italian economy and the deterioration of Greek state bonds dragged down the Athens Stock Exchange on Monday, with the General Index showing a 2.61 percent loss to 641.79 points.
Once again, Greek bank shares led the...
Greece
Prominent Greek Journalist Arrested
Police officers arrested on Monday journalist and publisher Kostas Vaxevanis after a lawsuit filed on Sunday by former Prime Minster Antonis Samaras.
Vaxevanis was sued by Samaras for libel following a post on twitter.
He was arrested in a court, a...
Greece
Businessman Sabby Mionis Donates 80,000 Euros to “The Smile of the Child”
Greek-Israeli businessman Sabby Mionis, donated 80,000 euros to the Greek charity “The Smile of the Child”, to reinforce the actions of the organization in times of financial and social crisis.
Mionis, Chairman of the Israel-Greece Chamber of Commerce, in his...
Economy
Former Financial Crime Squad Chief Sentenced Over Lagarde List
The former head of the Financial Crime Squad (SDOE); Yiannis Diotis, was given a 10-year suspended sentence over his handling of the so-called Lagarde list.
A three-member appeals Court of Athens unanimously found Diotis guilty of failing to use the data...
Economy
National Bank of Greece Plans to Issue First Market Bonds in 3 Years
National Bank of Greece has announced plans for a euro covered benchmark, the first Greek bank bond in the public market since 2014, and a crucial step in normalising its funding after years of costly central bank support.
The three-year...