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....

Greek Central Bank Warns of a New MoU in 2018; Lowers Growth Estimate

The Governor of the Bank of Greece Yiannis Stournaras, warned of the possibility of a new Memorandum of Understanding (MOU) with the country’s creditors...

German Press: Greek Banks Pass ECT Stress Tests

"The four major Greek financial institutions do not need new capital injections," said German financial newspaper on Sunday, reporting on the stress tests the...

Greek Banks Make Some Progress in Tackling Bad Loans

Greek banks made progress in tackling bad loans in the first quarter, according to Bank of Greece data released on Tuesday. However, nonperforming corporate, housing...

Germans Offer Greek Savings Banks Plan

Greece's struggling banking sector, awaiting recapitalization from the government, is set to get some help from one of the country's leading critics - Germany...

More Than 40 Greek Hotels to be Auctioned off in 2018

More than 40 hotels all over Greece are expected to be sold in 2018 with high and non-performing loans being the main reason for...

FT: ‘Peripheral Bond Rally Reaching Bubble Proportions’

A recent article in London's Financial Times refers to the recent Greek bond auction, cautioning that investors have not learned the lessons of the financial crisis but...

ECB Profits from Greek Bond Holdings at €7.8 Billion

The European Central Bank has made nearly €8bn in profits from its holdings of Greek government debt, according to a written response provided by...

EU Splits Up Greek Bailout Loan

Greece won't be getting its long overdue next installment from international lenders all at once but in three parts, Eurozone finance ministers meeting in...

Greek Authorities Raid UBS Branch in Athens

Greek financial authorities acted on a bank account list recently provided by German authorities by raiding the UBS Athens branch on Friday evening and seizing...

EFSF OK’s 7.2B Euros For Greek Banks

Greece's beleaguered banks, brought into difficulty when a previous government imposed 74 percent losses on investors and bond holders to write down the country's...

Israeli-Greek Sabby Mionis Sues HSBC and Falciani Over ‘Lagarde List’

Israeli-Greek bussinessman Sabby Mionis is suing whistle-blower Hervé Falciani and the HSBC bank over the disclosure of private information from his bank account, contained...

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