Greek Banks

The Greek parliament approved on Saturday Greek PM Alexis Tsipras' bailout plan to negotiate a deal with Greece's creditors based on the political party leaders’ agreement draft. The Greek Prime Minister and Finance Chief Euclid Tsakalotos called the parliament to...

Greeks are living in fear of the banks collapsing, which would lead to severe haircuts on their deposits. However, they are fuelling this panic and make expensive purchases using their debit cards since the daily withdrawal limit is 60 euros. From expensive...

An elderly Greek-Cypriot decided to teach a lesson of generosity to Europe. According to Huffington Post, Onoufrios Michaelides took it upon himself to help his fellow pensioners in Greece, after watching Greeks line up outside banks to withdraw part...

While some members of the EU Parliament criticised Greek PM Tsipras' lack of concrete proposals, others praised him while some urged Greece to leave the eurozone.

One of the best places to understand the Greek crisis and what is going on in Greece at the moment is in the queues forming at the ATMs of closed banks.

Was the design of German monetary union flawed? Was it a mistake to adopt the euro? On the occasion of this historically important date, experts at DIW Berlin addressed these questions.

The extension of the bank holiday until Wednesday, July 8, which was decided on Monday, is likely to carry on for the rest of the week. In an interview to Greek radio on Tuesday, Alternate Administrative Reform Minister Giorgos Katrougalos warned that banks are unlikely to open...

The European Central Bank (ECB) kept Emergency Liquidity Assistance (ELA) steady for Greek banks but adjusted the haircut on the collateral the lenders offer as security, the ECB said on Monday. Statement from the ECB: The Governing Council of the European Central Bank...

The resounding "No" in the Greek referendum on Sunday leaves the Greek banking systems and the Greek government in a bind. Without an extension of the ELA (Emergency Liquidity Assistance) by the ECB and despite the stringent capital controls, the...

  The Greek people have voted, saying a resounding No to the terms of the bailout deal offered by their international creditors. What will this mean for Greece, the euro and the future of the EU?  Here's what experts say...