Stournaras: Debt Rollοver Would Solve Greece’s Funding Gap – No Debt Rollover, Says ECB

Finance Minister Yiannis Stournaras has suggested in an interview, that Greece’s financing gap could be overcome if the European Central Bank and the eurozone’s...

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...

Greek Banks Relieved by Freeze on Foreclosures

The American newspaper, The Wall Street Journal, commented on the recent decision of the Greek government to extend for one more year, the suspension...

Up To 15,000 Homes On Seizure List

Greece’s coalition leaders said they will allow banks to confiscate 12,000-15,000 homes because they believe the owners have been trying to manipulate laws that...

Greek Banks Face Two More Years of Recession

Even as the Greek government touts a coming primary surplus and predicts the beginning of a recovery next year, The Governor of the Bank...

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,...

Germans Offer Greek Savings Banks Plan

Greece's struggling banking sector, awaiting recapitalization from the government, is set to get some help from one of the country's leading critics - Germany...

Voluntary Exit for Eurobank’s Employees

Yesterday, Eurobank the third-biggest lender to Greece announced that it will shed about a tenth of its workforce through voluntary redundancy. This measure is...

Turkey’s Offer To Cyprus: Turkish Lira

Offering to step into the breach to help Cyprus during its crushing economic crisis, Turkey - whose troops still occupy the northern third of...

Merkel Piles On: No Greek Relief

Just in case the Greek government didn't get the message delivered in person by German Finance Minister Wolfgang Schaeuble during an 11-hour visit to...

Loan Interest Rates Drop 1-1.5%

The National Bank of Greece decreased business loans interest rates by 1.5 percent. A relevant decision is expected to be taken regarding other kinds...

Most Greek Aid Back To Lenders

Greece will use more than half of an incoming loan installment of 4 billion euros ($5.27 billion) from the Eurozone to give back to...

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