Bundesbank Optimistic About the Future of Greece’s Economy

Germany's Central Bank, the Bundesbank, expressed an optimistic outlook on the Greek economy on Monday, Reuters reported. The Eurogroup agreed to a three-year 86-billion-euro bailout deal on Friday....

The Haratsi Is Here To Stay

A special property tax levy that doubled the amount due, and which was put into electricity bills in 2011 - for what was supposed...

Theodoros Pantalakis New CEO of Attica Bank in Greece

With the consent of Bank of Greece and major shareholder TSMEDE, Theodoros Pantalakis will be the new executive director of Attica Bank, a problematic...

Loans and Deposits Reduced in August 2013

Loans and deposits were reduced in August 2013. According to data by the Bank of Greece, it was observed that in deposits (that businesses...

Eurobank Acquires Postbank Too

The troubled private bank Eurobank is expected to take over the more troubled state financial institution Hellenic Postbank, the country's banking stabilization agency HFSF...

Central Banker Stournaras Blames Crisis on Greek Budget Policy and Implicates Varoufakis

Bank of Greece Governor Yannis Stournaras said on Tuesday that Greece must wait for a second review of economic progress before tapping into financial...

Increasing Number of Greeks Pay Income and Property Tax With Credit Cards

More and more Greeks have turned to credit cards to help them in paying their income and property taxes, according to the Greek newspaper...

Troika Wants 18,000 Dismissals in Banks

The administrations of major Greek banks are prompted by the heads of the Troika to proceed to a dramatic shrinkage of the staff serving...

Capital Controls Will Plague Greek Banks for Months

The capital controls imposed on Greek banks three weeks ago may be in place for months until the country’s European partners provide fresh money to...

New Development Bank will Fund Infrastructure Projects

The Greek government will set up a development bank to fund infrastructure projects, start ups, small businesses and export oriented companies, the government's...

ELA Borrowing Ceiling for Greek Banks Remains Unchanged

European Central Bank's governing council on Thursday approved a request by the Bank of Greece to maintain the ELA borrowing ceiling for Greek banks...

TT Bank Split Gets The OK

Greece's more than century-old Hellenic Postbank faces a big change - over the protest of its workers - after the newspaper Kathimerini reported that...

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