Greece

Greek banks have a limited ability to withstand external or internal shocks, a Goldman Sachs report says. According to Capital.gr website, Goldman Sachs representatives were in Athens and had contacts with bank executives and policy makers in order to assess...

Quantitative easing, announced on Thursday by European Central Bank President Mario Draghi, is not going to be as influential in reducing Greece's borrowing cost as will an agreement between the government formed after Sunday's national elections and the Troika of...

The President of the American investment firm Goldman, Sachs, blamed by some critics for helping cause Greece's crushing economic crisis with its financial instruments,said that Europe still faces “fundamental problems” and that policy makers don’t appear to have a...

Goldman Sachs said on Wednesday that there is a rising probability of a voluntary restructuring of Greek debt. GS said in a report regarding European Banks that a spike in Greek CDS to above 1,300bp marks a new all time...

Goldman Sachs said that Greek bondholders are unlikely to get all their money back on schedule unless borrowing costs fall, according to Bloomberg. Andrew Wilson, head of fixed-income, said that unless there is a dramatic change in the interest-rate structure,...

Supreme Court Prosecutor Ioannis Tentes on Monday forwarded to Parliament, a law suit filed by an Austrian economist.  The lawsuit is against international bankers Goldman Sachs for allegedly exposing the eurozone to danger in 2000-2001, through credit default swaps that...

Goldman Sachs says that Greek paper could surprise since better-than-expected economic performance and government austerity efforts may ware down fears over a potential Greek sovereign default, Dow Jones Newswires. It says that market consensus "remains extremely negative on the debt...

The private-equity units of Goldman Sachs Group Inc. and Deutsche Bank AG are reaching an agreement to purchase the buyout arm of National Bank of Greece SA. As reported in Bloomberg, Goldman Sachs Asset Management and DB Private Equity intend to...

The public prosecutors office's conclusion revealed how Greece's former Prime Minister Kostas Simitis and the members of its government are involved in the case of Goldman Sachs' credit default swaps, during the period between 2000-2001.  The findings are expected to...

Greece announced that a total of 29,334 new Covid-19 cases had been diagnosed around the country on Friday, while 78 people suffering with the coronavirus had passed away over the past 24 hours. That continues the decrease in cases that...

Piraeus Bank, one of Greece's four big lenders, expects to raise 1.38 billion euros ($1.66 billion) through the capital increase process

Greek Finance Minister Christos Staikouras said on Thursday that the country's economy is expected to contract by between one and three percent in 2020 due to the coronavirus crisis. Speaking to Skai TV, he said he expected the impact to...

Piraeus Bank officially announced the successful issue of a 500-million-euro Tier 2 bond with institutional investors at a coupon of 5.50 percent on Thursday. The bond, which has a maturity of 10 years and an embedded issuer call option after...

Greece's Public Debt Management Authority announced the launch of a 15-year state bond in a statement released on Monday. The announcement came just 48 hours after the credit rating agency Fitch upgraded the country's credit rating to BB from BB-. This...

Prime Minister Kyriakos Mitsotakis will seek to rebrand Greece by launching a charm offensive during his presence this week at the UN Climate Summit and General Assembly in New York. In scheduled meetings with world leaders, opinion makers and the...