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Greek Banks Bad Loans Hit $62 Billion
Whacked by big losses from government-imposed debt write-downs on investors that means they will need a recapitalization of some 50 billion euros ($66 billion)...
Optimism Index Up for First Time Since Feb. 2011
The pessimism index in Greece shows a decline for the first time in two years, according to the economic barometer that polling company Alco...
Greek Banks Need $36.3 Billion Injection
Greece’s four largest banks need to boost their capital by 27.5 billion euros ($36.3 billion) after taking huge losses from the government-imposed debt swap...
Greece Probes 45,997 For Pension Fraud
After long delays and sputtering investigations, Greek authorities said they have compiled a list of 45,997 people suspected of pension fraud, including continuing to...
Troika Tells Greece: Get Tax Evaders
With Greeks facing another round of austerity measures, and furious that tax evaders costing the country $70 billion have continued to escape sacrifice, the...
Greek Eco-NGO Charged With Fraud
Fourteen people in a disbanded Greek Non-Governmental Organization called the Cycle of Patmos which held environmental conferences on cruise ships that lured religious leaders...
Samaras: No Cabinet Shakeup, Early Vote
Greek Prime Minister Antonis Samaras has denied once again, in no uncertain terms, that a government reshuffle may be brought in or early elections...
German Paper Names Samaras Top EU Leader
Greek Prime Minister Antonis Samaras has won an honor his critics find dubious: he was named Europe’s Politician of the Year by the German...
S&P: Cyprus Ratings Lowered to ΄BB+/B"
Standard & Poor΄s Ratings Services has cut Cyprus΄s rating two notches into highly speculative territory, citing escalating financial pressure and uncertainty as bailout negotiations...
Stournaras Says Greek Default Still Possible
Despite an incoming influx of 54.5 billion euros ($69 billion) in more rescue loans from international lenders as part of a second bailout of...