Fitch Puts Greece On Review for Possible Downgrade

Ratings agency Fitch said Tuesday it has placed Greece's 'BBB-' long-term foreign and local currency Issuer Default Ratings (IDR) on Rating Watch Negative (RWN)...

Athenian Merchants Call for Suspension of Public Transport Strikes

Merchant groups on Monday called for the suspension of public transport strikes in the greater Athens area.  They want to allow shoppers easier access to...

Gov’t Proceeds with 20% Cut Of Hospital Debts

Greek government proceeds with the cut of hospitals’ debts to pharmaceutical companies and suppliers, according to Capital. Minister of Health, Andreas Loverdos proposed the...

Greek Stocks Post Heavy Losses

The potential revision of Greece’s rating by Fitch jitters the Greek market on Monday, pushing the Banking Index lower by 4.1% and the General...

Pimco: Greece, Ireland & Portugal Should Leave Euro if Can’t Pay Debts

Greece, Ireland and Portugal should leave Europe’s single currency area if they cannot cope with the burden of their debts.  The German daily Die...

Energean Oil & Gas Company to go Public in International Market

Energean will be the first Greek energy company to go public in the international money market. Energean is an international oil & gas exploration &...

Moody’s Puts 6 Greek Banks on Review for Possible Downgrade

Ratings agency Moody's today said it had placed the deposit and debt standing of six Greek banks, including several leading lenders, on review for...

Moody’s Puts Greece’s Debt on Watch

Moody's Investors Service said Thursday that it has placed Greece's Ba1 local and foreign currency government bond ratings on review for possible downgrade. "Moody's...

Greece Accelerates Real Estate & Asset Privatizations

Greece will speed up its privatization of real estate and other assets, the Finance Ministry said Thursday.  This follows a decision by the Interministerial Privatization...

Government Proceeds with Privatization Program

Starting today, Greek government proceeds with the implementation of its privatization program regarding the sale of government stakes in banks, as well as of...

Germany’s War Debt for Greece is 162 Billion Euros

According to Costis Aivaliotis, spokesman of Laos, a small far-right Greek party, Germany's war debt to Greece totals 162 billion euros. The problem of...

Worst Christmas Period for Athens Shopkeepers

The worst Christmas period of the last decade is  being forecasted for Athens shopkeepers, particulary for those in the center of Athens.  This was stated...

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