ATEbank Plans to Boost its Capital by 1 Billion Euros

ATEbank stated it plans to boost its capital by 1 billion euros on Wednesday in efforts to strengthen its balance sheet. "ATEbank, in cooperation and with...

NYU Professor Roubini Claims Greece to Restructure Debt or Return to Drachma

Greece will have to restructure its debt or leave Europe’s monetary union, New York University Professor Nouriel Roubini told Boerse-Online, reported Bloomberg. Greece’s debt is...

General Bank States Capital Increase Fully Subscribed

General Bank, Societe General’s Greek unit, said Wednesday that its share capital increase of EUR339.733mil. was fully subscribed. “In specific, existing shareholders participated from 5/11/2010...

EU & IMF States Greece’s Fiscal Adjustment Program is on Track

Greece is broadly on track in implementing its fiscal adjustment program, the EU/IMF mission in Athens said Tuesday.  However the mission warned that challenges...

Government Introduces Boarding Fee for Cruise Ships

The Greek government has introduced a boarding fee for cruise ships operating under non-community flags seeking to operate in the Greek sea area. The...

Greece Will Sell Stakes In State Companies

The Finance Ministry stated on Thursday that Greece will sell stakes in state run companies this year in the 2011 budget,  as reported by AFP. The...

Budget: Greece Gets Ready For More Austerity in 2011

Greek government Thursday tabled in the nation’s parliament its 2011 Budget that “continues agressive fiscal consolidation effort,” the Ministry of Finance said. The aim is...

Government Finalized 2011 Budget Plan

The Greek government finalized decisions over a 2011 budget plan after a meeting between Finance Minister George Papaconstantinou and EU-ECB-IMF Troika officials in Athens...

European Commission Sets January 12th Deadline for Olympic & Aegean Airlines Merger

The European Commission is still looking for suitable remedies from Greek airlines Aegean and Olympic before deciding whether to clear their merger, an EU...

Eurogroup: Greece Must Take All Required Economic Measures

Greece’s programme is broadly on track, but following the revision of its debt and deficit figures for 2009 by Eurostat, the debt ridden country...

Austrian Finance Minister: Greece Will Receive Next EU Bailout in January

Austrian Finance Minister Josef Proell said on Wednesday that Greece will receive its next tranche from the EU-backed bailout package in January instead of...

Greece Successfully Auctioned 3 Month Treasury Bills Issue

Greece successfully auctioned a three-month treasury bills issue raising 390 million euros from the market today. The Public Debt Management Organisation accepted bids totaling...

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