Troika Wants Greek Homes Repossessed

Greece's international lenders are pressuring the coalition government led by Prime Minister and New Democracy Conservative leader Antonis Samaras again to lift a ban...

Cypriots Frantic As Bailout Hits Bank Accounts

Angry Cypriots who weren’t notified that up to 9.9 percent of their bank deposits would be seized by the newly-elected Conservative government to help...

Spiegel Suspects Deposits Haircut in Greece

After the suspension of  a planned merger of the National Bank of Greece and Eurobank because of capitalization problems and opposition from Greece's international...

‘Black Thursday’ for 60,000 Greek Borrowers of Swiss Banks

An unexpected development came out earlier today from the Swiss National Bank (SNB). More than three years of stability (since 2011) between the European...

Greece Will Let Banks Seize Homes

Bending to demands from international lenders, Greek Prime Minister Antonis Samaras' coalition government will let banks foreclose on homes of customers, many of whom...

The Haratsi Is Here To Stay

A special property tax levy that doubled the amount due, and which was put into electricity bills in 2011 - for what was supposed...

European Commission Clears Restructuring Plans of NBG & Piraeus Bank

The European Commission announced on Wednesday that it has found the restructuring plans of the National Bank of Greece (NBG) and Piraeus Bank -...

Two Greek Banks Request Emergency Liquidity Assistance

Two major Greek banks have submitted requests to the Bank of Greece for cash via the emergency liquidity assistance (ELA) system on Thursday, according to...

Seven Billion Euros Transferred Outside of Greece Since Elections Announcement

Some seven billion euros have been transferred out of Greek banks since late December, when the Parliament failed to elect a new President of...

JPMorgan CEO’s Visit in Athens Canceled

JPMorgan Chase & Co Chairman, President and CEO Jamie Dimon canceled his two-day visit to Athens due to medical reasons. He was supposed to arrive...

Three Arrested, Twenty-Five Charged in Greek Bank Fraud

New facts have come to light in the alleged fraud case involving Hellenic Postbank and loans granted to businessmen between 2006-2011. Since yesterday evening, Greek...

Griveas-Vatsika Couple To Be Extradited To Greece

A London court ruled yesterday that businessman Kyriakos Griveas and his spouse Anastasia Vatsika must be extradited to Greece to stand trial in relation...

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