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Greece

Three Out of Four Greeks Do Not Trust the News, Reuters Study Suggests

The Digital News Report 2019, compiled by the Reuters Institute was published on Wednesday, revealing some interesting facts about the attitude Greeks have toward their country's media. The report includes the findings of surveys conducted in 38 countries across the...

Greece Eyes €19B Cash Buffer to Help Bailout Exit: Reuters

Greek officials have told Reuters that Athens is eyeing a multi-billion-euro cash fund to meet debt repayments following August’s planned departure from the country’s bailout program. The news agency quoted an unnamed Greek official saying the €19 billion ($23 billion)...

Reuters: Piraeus Bank CEO says Central Bank Audit Findings 'Firmly Behind Us'

Piraeus Bank has rectified internal control deficiencies that emerged in a recent central bank audit, the chief executive of Greece's largest lender said on Thursday. "The Bank of Greece inquiry is an issue that has already been dealt with in...

Reuters: Greece Considers Bond Swap as Looks to Bailout Exit

Greece is considering swapping 20 small bond issues for four or five new ones, government sources said, as it prepares to exit its international bailout, and resume normal financing operations, Reuters reports. The government is considering a swap that would...

Environmental Tragedy South of Athens Captured in a Reuters Snap

This photo by Reuters’ Giorgos Moutafis, demonstrates the environmental disaster at the coast of southern Athens after the sinking of a small tanker in the Saronic Gulf on September 10. The oil that leaked from the tanker can be seen...

Greece's Return to the Markets 'May be Imminent', Reuters Says

Greece could return to financial markets in the next few weeks, investors and bankers close to the discussions told Reuters. Greek finance minister Euclid Tsakalotos met with investors in London last month and one of those funds, BlueBay Asset Management,...

Reuters: Europeans Attempted to Block IMF's Greek Debt Sustainability Report

Reuters reported that Eurozone country leaders attempted to block the IMF’s decision to publish a report regarding the Greek issue, where the Fund admitted that the Greek debt is unsustainable and requires relief. The report vindicated the leftist SYRIZA government,...

Reuters: Grexit Chances at 40%

The chances of a Greece exiting the European single currency stand at 40% currently, according to a poll of money market traders published by Reuters earlier today. On the opposite, 60% of those questioned said Greece could remain part...

Reuters: EU Experts Group for Greece to Overhaul After Athens' Protest

A group of European Union experts assisting Greece to improve its administration and to unlock further European funding is set to be all but dismantled after the newly elected SYRIZA-led government refused to cooperate with them, officials have told...

Reuters: Greece Will Run Out of Money on April 9

The Greek government has reportedly warned its international creditors it will run out of money on April 9, if no new funds are made available before that date, regardless of an agreement reached over the proposed reforms list, Reuters...

Reuters: A Grexit Could Cost ECB Tens of Billions of Credit

A Grexit could cost the European Central Bank tens of billions of credit, a hole that Germany and other euro zone members may have to fill, says a Reuters report. The continuous arguing between Greece and lenders has put a...

Reuters: Neither Grexit or Grexident, Euro and Drachma in Parallel?

An interesting scenario regarding Greece’s future in the monetary union that has not been on the table so far was published today by Reuters. Citing unnamed Eurozone officials, the London-based news agency is saying that if a reforms-for-cash deal...

Reuters: Greece to Run Out of Cash by April 20 Without Fresh Aid

Greece will run out of money by April 20 if it does not receive fresh financial aid from its creditors, Reuters wrote earlier today citing a source reportedly familiar with the matter. The report reminds that the Greek government has lately...

Reuters: Greek Banks Offloading Shipping Debt to Shore Up Capital

Greek banks are considering offloading part of their shipping debt portfolios worth billions of dollars in a bid to shore up their capital, Reuters stressed citing banking and ship-financing sources. Earlier this week, Athens has secured a four-month extension of its...

Reuters: How Greece Returned to Crisis

Greece is facing a new economic crisis after a series of wrong moves by the coalition government of Antonis Samaras, thus negating four years of harsh austerity measures, a Reuters report says. The Greek prime minister made the mistake of...