Greece

Greece's Public Debt Management Agency (ΟΔΔΗΧ) announced on Wednesday that it pumped €625 million into the economy by selling 26-week Treasury Bills at a 0.000 percent interest rate. The total bids reached €1,802 million and the amount finally accepted by...

Interest rates will remain at low levels for the forseeable future and European central banks could continue using quantitative easing (QE) tools, according to a report by the Bank of Greece said on Thursday. The report was presented by Dimitris...

Germany says 'No' to freezing of interest rates for the Greek debt until 2040 because that would cost creditors 120 billion euros, according to German financial newspaper Handelsblatt. In a report regarding the issue of Greek debt relief, Handelsblatt says...

German Chancellor Angela Merkel noted on Monday during a news conference in Berlin that it would not be possible to lower the interest rates for Greece. "I think when it comes to interest rates, we have no room for manoeuvre...

Greece 's Supreme Court upheld the 16.5% interest rate charged by banks for credit card debt as legal in a case before the A1 civil section of the court. The case was brought up by a consumer for a card...

Greek Administrative Reform Minister Kyriakos Mitsotakis, the man in charge of firing thousands of public workers in an austerity drive, said the big spending cuts and tax hikes are paying off with a looming recovery that will be buoyed...

The National Bank of Greece decreased business loans interest rates by 1.5 percent. A relevant decision is expected to be taken regarding other kinds of loans, while Piraeus Bank and Eurobank also proceeded to the same reductions on interest...

The EU, the European Central Bank and the International Monetary Fund should slash interest rates on the Greece debt they hold to give the near-default nation a fighting chance to recover, the head of the Institute of International Finance...

Greek market is on the verge of a credit crunch as liquidity is close to drying up and banks are paying dearly to hold on to deposits, as daily Kathimerini reports today. Bank of Greece data on the course...

Several Greek high-street banks announced higher interest rates on loans and deposits following a 0.25 % hike in the European Central Bank's main lending rate. Banks that announced changes in interest rates for their products included Eurobank,...

The leaders of the 17 states that use the euro have decided to lower the interest rate they charged Greece last year for an unprecedented bailout loan, European Union President Herman Van Rompuy said at a summit in Brussels...

The Greek Public Debt Management Agency said it sold EUR1.95 billion of 26-week treasury bills with Greece paying a yield of 4.90% during the auction of EUR1.5bn on Tuesday. The total bids reached EUR 5,100mn (bid-to-cover ratio 3.4) , while...

Greek banks raised their saving and lending interest rates in June, which reflects limited liquidity in the domestic banking system, stated The Bank of Greece on Monday. In a report, the central bank said interest rates for 12 month deposits rose...

Reinforcing strategic cooperation with Greece and the Republic of Cyprus is "in the interest of the United States," said Yuri Kim, the US State Department official for Greece, Cyprus and Turkey, in Washington DC on Tuesday. Speaking at the 35th Session...

The United States has a “strategic interest” in investing in Greece after the country comes out of the economic crisis, said U.S. Ambassador to Greece Geoffrey Pyatt on Monday. The U.S. official spoke in a digital forum conference held in...