IMF
Canada
Fairfax Eyes Bank Of Greece Stake
Greece΄s biggest lender, National Bank (NBG), said that Canadian investment fund Fairfax Holdings was interested in acquiring a stake in it by taking part in a planned recapitalization, Reuters reported.
NBG has recently taken over its former biggest rival, Eurobank....
Cyprus
Cyprus Bailout Figure Said $13 Billion
With a new President in place trying to get a handle on an economic crisis that has seen banks pushed toward insolvency, Cyprus may need a bailout of some 10 billion euros, about $13 billion, far less than the...
Economy
Troika Back To Athens In April
Inspectors from the Troika of the European Union-International Monetary Fund-European Central Bank (EU-IMF-ECB) said they would abruptly leave Athens on March 14 without reaching an agreement with the government over more promised reforms and wouldn't return until early April...
Economy
Samaras, Troika Stuck On Worker Firings
While Greek government officials insisted that a one-day delay in talks between Prime Minister Antonis Samaras and envoys of international lenders was due to undisclosed technical matters, other media reports said the negotiations on the release of a 2.8...
Business
Gazprom, Greece Talk Gas Sale
With international lenders pressing for Greece to speed the pace of privatizations, Prime Minister Antonis Samaras met with the head of Russia's Gazprom, Alexei Miller, on March 12 to discuss the planned sale of Greece's national gas distributor DEPA,...
Cyprus
Cyprus, Greece Want EU Backing On EEZ
After meeting new Cypriot President Nicos Anastasiades in Athens, Greek Prime Minister Antonis Samaras has called on the European Union to support Exclusive Economic Zones (EEZs) that would protect the two countries interest in oil and gas exploration in...
Cyprus
Cyprus Wants Greece To Pay For Bailout
New Cypriot President Nicos Anastasiades of Cyprus, during a vist to Athens on March 11, will reportedly ask Greek Prime Minister Antonis Samaras to fork over 2 billion euros ($2.6 billion) from its bank recapitalization funds to help pay...
Cyprus
Anastasiades Wants Greek Bailout Too
Awaiting a 10 billion euros ($13 billion) rescue package from international lenders, new Cypriot President Nicos Anastasiades was in Athens on March 31 looking for another two billion euros ($2.6 billion) in aid despite Greece's crushing economic crisis where...
Economy
Troika Wants Drugs Sold In Markets
Greece's international lenders are again pressing the government to liberalize the market for nonprescription drugs and let supermarket be allowed to start selling medicines and provide competition for pharmacies which enjoy a monopoly, including on selling baby formula which...
Energy
Greece Still Relies On Russia For Oil
Greece, with no domestic production, needs oil imports from Russia, an amount that covers about 70% of the domestic oil market an overwhelming proportion, after Iran has cut off supplies.
In 2012, according to Imerisia, 43.7% of crude oil supplied...