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...

Provopoulos Says Greek Deposits Safe

With media speculation that the apparently abandoned proposed merger of National Bank of Greece and Eurobank could lead to the government going after bank...

Spiegel Suspects Deposits Haircut in Greece

After the suspension of  a planned merger of the National Bank of Greece and Eurobank because of capitalization problems and opposition from Greece's international...

Troika Freezes National-Eurobank Merger

The announcement that the National Bank of Greece and Eurobank will stage their recapitalization has effectively frozen plans for them to merge as the...

Stournaras Says No More Austerity

Greek Finance Minister Yiannis Stournaras, engaged in tough talks with the country's international lenders, said after another round of negotiations on April 7 that...

NBG, Eurobank, Will Recapitalize Apart

As Greece and envoys from international lenders are still at odds over whether the National Bank of Greece and Eurobank should merge, as the...

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