Lawmakers Mull Time For Greek Debtors

With the ruling New Democracy Conservatives of Prime Minister Antonis Samaras and one of his two coalition partners, the PASOK Socialists, failing to pay...

Ten Percent of Bad Debtors Have Large Bank Accounts

Sources from Bank of Greece say that several wealthy businessmen have allowed their companies to lapse into over-indebtedness. According to a Kathimerini daily report,...

Pay a Visit to Greek ‘Europa’ With New Banknote

While Greece was struggling to get its proposed reform measures accepted by the European Commission (EC) in order to succeed the extension of its bailout...

Strategic Defaulters Owe €10 Bln to Greek Banks

One in five (21%) of nonperforming loans in Greek banks’ portfolios, amounting to 10 billion euros, belong to borrowers who are able to repay...

Eurobank Acquires Postbank Too

The troubled private bank Eurobank is expected to take over the more troubled state financial institution Hellenic Postbank, the country's banking stabilization agency HFSF...

Greek Banks Have Adequate Capital to Fund Real Economy

Greek banks have adequate capital to fund the real economy, both business activity and the retail commerce sector, focusing on commercial credit, bank officials...

Greek App Shows Which ATMs Have Cash During Capital Controls

A new mobile app was released on Thursday, informing Greeks which ATMs are convenient to them, if they have available cash at the moment and...

Samaras Says No Foreclosures On Poor

With a rebellion growing in their ranks over plans to let banks seize homes after a ban on foreclosures expires at the end of...

Greek Finance Ministry Announces Capital Controls Amendments

On Monday, the Greek Finance Ministry announced new modifications to the capital controls that have been imposed in Greece since June 28, 2015. While the...

Greek Withdrawal Rush At Cypriot Branches

After being closed since March 15 during Cyprus' economic crisis amid fears depositors would rush to withdraw their money, 312 branches of Cypriot banks...

Special Secretariat for Private Debt Management to Set up Online Platform to Track Down...

Banks and authorities in Greece are teaming up to try to create an asset register for debtors, including tracking money that was sent abroad...

Hellenic Bank Association President: ‘ATMs Will Operate Normally Until Monday’

The meeting between Greek Finance Minister Yanis Varoufakis, government Vice President Yiannis Dragasakis, Deputy Finance Minister Dimitris Mardas and Greece's bankers was completed. The meeting was attended by...

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