Greeks Protect Their Money by Converting Them to Bitcoin

  The capital controls the Greek government has imposed have one loophole. Greeks can in fact withdraw their money if they are willing to convert their euros into bitcoin. The...

Hackers Blackmail Greek Banks Demanding Bitcoin as Ransom

A special unit of Greece's National Intelligence Service (EYP) is investigating a racket of hackers who blackmail Greek banks, including the country's central bank,...

Eurobank Needs 2.86B Euro Capital Raise

Despite being largely recapitalized by the government, Greece's Eurobank said it needs another 2.86 billion euros ($4 billion) to bolster its reserves. Greek banks have...

Two out of Three Citizens Struggle Economically

Two out of three citizens, who turned to the economic system for borrowing, in order to cover all types of needs (housing, consumer etc.)...

Greek Bond Yields Hit 12-Year-Low

Greece’s 10-year borrowing costs hit their lowest in 12 years on Friday, benefiting from expectations of an exit from its bailout this year, underpinned...

Greece’s Bank Association Announces Capital Controls Could be Lifted by End of 2016

According to Greece's banking association Greece might be able to lift most or all capital controls by the end of the year. On Saturday, the association said that the...

Cyprus Runs Up The White Flag To Bankers

On Feb. 25, conservative lawyer Nicos Anastasiades, promising Cypriots he would never allow foreign entities to steal money out of their bank accounts to...

Threat Note For Anastasiades, Banker

Newly-elected Cypriot President Nicos Anastasiades, who is imposing a plan he had previously opposed that will confiscate big chunks of bank deposits, and Central...

Business Insider: ECB Squishing Greek Banks to Reach a Deal With the Government

The European Central Bank (ECB) is constantly adding pressure to Greek banks, threatening to withdraw emergency funding if the country's government does not compromise....

Stournaras and Tsipras Argue over Banking Scandals

The Greek Minister of Finance, Yiannis Stournaras and the leader of the main opposition SYRIZA, Alexis Tsipras, had an intense argument in Parliament on Friday morning, after the opposition leader posed...

Financial Times: “This could be the moment for Greece to default”

Although the return of Greece to the international bond market has been widely trumpeted as a success, the Financial Times wonders whether it is a...

Greek Bank Deposits Drop by 8 Billion Euros in June

Bank deposits in Greece fell to 127.5 billion euros in June, whereas in May 2015 they amounted to 135.7 billion, according to data released...

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