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...

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...

EFSF OK’s 7.2B Euros For Greek Banks

Greece's beleaguered banks, brought into difficulty when a previous government imposed 74 percent losses on investors and bond holders to write down the country's...

Provopoulos Says Confidence In Greece Back

Even as he sounded optimistic about a rebound for Greece's economy and growing confidence from investors who had been badly burned in a write-down...

Big Pay For Alpha Bank Execs

Despite a law that says no private banker can be paid more than the head of the National Bank of Greece, eight executives at...

Greece Will Sell Troubled Proton, Postbank

Two of Greece's shakiest banks, Hellenic Postbank and Proton, will have to be sold by mid-July as the  country's largest banks continue gobbling up...

Greece Dares to Hope

The Economist published one more article about Greece on May 4. This article, on a somewhat different wavelength, had the title Greek economy: Daring...

NBG OK’s Bank Recapitalization Plan

The National Bank of Greece (NBG) has approved has approved a recapitalization plan worth 9.76 billion euros ($12.8 billion), insisting it will raise enough...

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...

Piraeus Bank Says Recap Plan Ok’d

With Greek banks on the ropes and awaiting an injection of 50 billion euros ($65 billion) in state funds, the country's second-largest lender, Piraeus...

Greek Banks Immune For Political Loans

Greek financial prosecutors are preparing to send the findings of their investigations into party funding to the Parliament controlled by the parties who got...

SDOE Pushed On Lagarde List Report

Tired of foot-dragging by Greece's Financial Crimes Squad (SDOE) in delivering a report on a list of Greeks with secret Swiss bank accounts, members...

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