‘I Would Rather Demolish it!’ Anger in Greece as Foreclosure Auctions Gather Pace

Increasing number of indebted Greek homeowners express concern about the fate of their property, despite assurances by the Greek government that primary homes will...

Greek 10-Year Bond Yields Hit Eleven-Year Low

Greek 10-year government bonds yields hit an 11-year low on Friday, as recent upbeat economic data and a deal struck with its lenders encouraged...

Alpha Bank Sells Serbian Real Estate Subsidiary for €8.4 million

Greece's Alpha Astika Akinita, an Alpha Bank subsidiary, said it has sold its Serbian subsidiary Alpha Real Estate to Mat Real Estate for 8.4...

First Lottery for Card Transactions to be Held Today

A Finance ministry lottery aimed at rewarding plastic money transactions, which will in turn fight tax evasion, is being launched Thursday, with a two...

Greek Bond Swap Offer Reaches 86% of Shareholders

Greece has successfully completed a 30 billion euro voluntary bond swap aimed at boosting the liquidity of a thinly traded government paper issued after...

ECB Lowers Funding Cup for Greek Banks by €1.1 Billion

The European Central Bank lowered the cap on Emergency Liquidity Assistance (ELA) Greek banks draw from the domestic central bank by 1.1 billion euros...

Greece Eases Up on Capital Controls Again

Finance Minister Euclid Tsakalotos signed a decree easing capital controls in the country. According to the new regulations, Greek residents will be able to withdraw...

Stournaras: NPL Sales Speedup Crucial for Greek Banks

Greek banks have shown progress in tackling a stockpile of non-performing loans, Bank of Greece governor Yannis Stournaras said on Friday, but added that...

Eurogroup Chief: We Saved the Greek Banks but Overlooked Taxpayers

Outgoing Eurogroup chief Jeroen Dijsselbloem acknowledged on Thursday that Greece’s creditors put too much emphasis on saving the banks at the expense of ordinary...

Piraeus Bank Online Property Auction Raises More than €6 Million

The second open e-auction held by Piraeus Bank was successfully completed on Wednesday 25 October 2017, with 57 properties sold in total. The auction...

Excessive Taxes and Negative Savings for Greek Households

Greece has reportedly the lowest savings rate among the 28 EU countries, as households and businesses 'bend' at the expense of wage cuts, excessive...

At Least 130 Greek Names Appear in Paradise Papers

According to the Greek daily Ethnos, more than 130 Greek names appear to be linked to offshore companies and are included in the Paradise...

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