EIB Allocates €1 Billion Credit Line to Greek Banks for SMEs and Youth Employment

On Thursday the European Investment Bank (EIB) dedicated a one billion euro credit line to Greek banks, Reuters reported. The money is set to be...

Cyprus-EU Talks Resume, Zero Hour Looms

Eurozone officials met in Brussels on March 24 with Cypriot officials as negotiations resumed on whether the island country's government could satisfy lender demands,...

Bank Battle Hangs Up Troika Deal

The biggest stumbling block for Greece in its long-stalled negotiations with international lenders is how much more money already-recapitalized state banks are going to...

Mission (Almost) Impossible: Getting a Loan from a Greek Bank

Liquidity in the Greek economy has reached new lows as banks are unable to reduce bad loans that have reached 105 billion euros. According to...

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...

Avoiding Capital Controls: Real Estate Revenues From Foreign Buyers Deposited in Banks Abroad

The majority of revenues of Greek luxury real estate transactions acquired by foreign nationals remain in banks outside of Greece, sources have reported. In fact,...

Neighboring Countries Put Greek Bank Subsidiaries in Quarantine

Neighboring countries put Greek bank subsidiaries in quarantine in fear of contagion should there be an economic "accident" in Greece, a "Kathimerini" report said. The...

Greece Will Let Banks Seize Homes

Bending to demands from international lenders, Greek Prime Minister Antonis Samaras' coalition government will let banks foreclose on homes of customers, many of whom...

Banks Want a Perky Stock Exchange

Intense skepticism prevails in the government’s economic team. The developments in the banking sector are not expected to be favorable and the Finance Ministry...

Moody’s: Reduction of NPLs ‘Credit Positive’ for Greek Banks

On Monday Moody's said that a reduction of non-performing loans and of operating spending by Greek banks was a "credit positive" move for banks. In...

Sale of Eurobank’s Ukrainian Unit Completed

On Tuesday, Reuters reported that the sale of Greece's Eurobank unit of the Ukrainian Universal Bank to Ukraine's financial group TAS has been completed. The...

Cypriot Depositors Take Money Out By Sea

With up to 80 percent of their bank accounts being confiscated by the government and tight capital controls preventing access to the rest, Cypriot...

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