Stournaras Tells Troika: “Take The Keys!”

Greek Prime Minister Antonis Samaras took over talks with international lenders on April 7 after his Finance Minister Yiannis Stournaras fired back at them...

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...

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...

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.)...

Cypriot Bankers Fear For Their Lives

Cypriot officials from the now-defunct Cyprus Popular Bank who testified before the European Parliament said the bank crisis in their country allegedly involved the...

Greeks Piling Up Debts

  Some recent findings showed that the majority of Greek citizens are drowning in debts and find it hard to fulfill their obligations to the...

The 112-Year History of Laiki Bank

Laiki Bank, whose healthy part merges into the Bank of Cyprus transferring a debt of 9.2 billion euros, has a history of 112 years....

3600 Bank Employees Losing their Jobs

By the end of 2013, 3600 bank employees will leave Greek Banks with voluntary exit programs. In the new year, 3600 bank employees will be...

Recapitalized Banks To Fire Workers, Close Branches

The first order of business for Greek banks who are getting 50 billion euros ($65.5 billion) in free money from the government in a...

EU Demands Greek Bank Closures

Already struggling despite a 50 billion euros ($65 billion) government recapitalization, Greek banks are being squeezed by the European Union to reduce their operating...

Venizelos, Kouvelis Block Debtor Loan Relief

Another rift has developed in the Greek coalition government with PASOK Socialist leader Evangelos Venizelos and Democratic Left (DIMAR) chief Fotis Kouvelis trying to...

Papaconstantinou Hit With Breach Of Trust

Former Greek finance minister George Papaconstantinou, already being investigated by a parliamentary committee because the names of three of his relatives were removed from...

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