Samaras Shakes It Up, Hardouvelis New Finance Chief

Greek Prime Minister Antonis Samaras, his New Democracy Conservatives still reeling from being beaten in the European Parliament elections by the major opposition Coalition...

Greek FinMin Examining to Issue Treasury Bills to Secure 4.5 Bln Euros

Towards the emergency issuing of Greek treasury bills is directed the Finance Ministry in order to secure some 4.5 billion euros for the country’s...

Greek PM and SYRIZA Pledge to Find Solution on Swiss Franc Loans Issue

The Swiss National Bank's move to lift the support of the Franc's exchange rate against the euro has caused a major upheaval and panic. Following the SNB...

Troika Warns Against Greek Market Return

With Prime Minister Antonis Samaras touting what he says is a looming economic recovery this year, Greece's international lenders say he should forget about...

Piraeus Bank Chief Sees Profits, Investors Return to Greece

The prospect that Greece may be emerging from the darkness of a harsh economic and deep recession is seeing international investors putting money back...

Cyprus’ New Reality, Cash Society Without Cash

Cyprus’ sudden acquiescence to demands by international lenders to confiscate 40 percent or more of bank deposits over 100,000 euros ($130,000) and limit withdrawals,...

Bad Loans Overwhelm Cypriot Banks

Cyprus' reeling banks, brought to the edge of ruin by bad loans and bad business decisions, now have to face a mountain of non-performing...

Hellenic Post Buyers Line Up

A privatization push to unload state enterprises under pressure from international lenders now has Greece's postal system, Hellenic Post (ELTA) on the block, with...

Greek Alpha Bank Criticizes the Troika

In relation to ongoing negotiations, Greek Alpha Bank has criticized the Troika for not giving the green light to the next tranche of funds. “Two of...
National Bank of Greece

NBG Hires Advisers for Sale of Turkish Finansbank

National Bank of Greece (NBG) has hired other banks including Goldman Sachs, Morgan Stanley and Bank of America Corp to work as advisers on the...

Die Welt: The Greek Gov’t Ignored 800 Bln In Black Money Transferred to Swiss...

“The Greek government has done nothing for a year to recover supposedly untaxed assets of Greek citizens in Switzerland. There is an invitation extending...

Greece’s Rich Plundered Banks

The head a Greek unit investigating money-laundering told Parliament that connected Greek businessmen have been using five banks in elaborate scheme to essentially steal...

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