Griveas-Vatsika Released On Bail for Hellenic Postbank Unsecured Loan Case

Kyriakos Griveas and his wife Anastasia Vatsika were released on conditions on Monday after testifying to the examining prosecutor for Corruption Giorgos Andreadis in relation...

IOBE: Economic Growth and Decreased Unemployment in 2014

The Greek Foundation of Economic and Industrial Research (IOBE) presented  its report on the Greek economy for the first quarter of 2014 on Wednesday, April...

PASOK In Panic Over Papandreou Defiance

PASOK's once-dominant Socialist party is in almost completely disarray in the aftermath of its former leader and previous Greek premier George Papandreou in an...

Tsipras on New Greek Bank Recapitalization

The bill on the renewed recapitalization of Greece’s banks may be tabled at the Greek parliament as soon as this week, according to Hellenic...

Stressed Greek Banks Need 6.4B Euros More

Ailing Greek banks, which have already received 41 billion euros in an injection of state money from bailouts, will need another 6.382 billion, stress...

NBG CEO Optimistic Ahead of Stress Tests

Speaking at a conference of the Greek Institute of Internal Auditions on "Internal control in the middle of developments," National Bank of Greece (NBG)...

NBG Owners to Meet May 10 to Approve €2.5bn Share Issue

Greece's second-biggest lender, the National Bank of Greece has unveiled the terms of a planned share capital increase that must be approved by the shareholders'...

Six Times More ‘In the Red’ Loans in the Last 5 Years

In September 2013, nearly one in three loans (31.2%) was not paid, while almost one in two borrowers (45.8%) did not pay their credit...

Bank of Greece: 2013 Might Be the Last Year of Recession

According to the Governor of the Bank of Greece George Provopoulos, speaking at the Annual Ordinary General Meeting of Shareholders, there are great chances...

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...

EU Splits Up Greek Bailout Loan

Greece won't be getting its long overdue next installment from international lenders all at once but in three parts, Eurozone finance ministers meeting in...

Greece To Seize Tax Debtors Bank Accounts

Following in the footsteps of Cyprus, which is confiscating up to 80 percent of bank accounts over 100,000 euros ($130,000) to pay for a...

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