Bank of Cyprus Cuts 300 Greek Staff

The Bank of Cyprus (BoC), the island’s biggest lender, said losses incurred by its holding in Greek bonds that were devalued 74 percent last...

Stournaras Tells Troika: “Take The Keys!”

Greek Prime Minister Antonis Samaras took over talks with international lenders on April 7 after his Finance Minister Yiannis Stournaras fired back at them...

Greece to Recruit Cash Sniffing Dogs to Sniff Out Tax Evaders

  A post on a Greek government website on Wednesday said that the Finance Ministry will be forming a committee to put together a team of specially...

ECB Does Not Alter ELA to Greece

The European Central Bank decided on Wednesday for the second straight week to keep Emergency Liquidity Assistance to Greece at around 91 billion euros. The...

Swiss Banker Involved in Bribery Scandals in Greek Custody

A Swiss senior banker who was among the key suspects in the so-called Siemens scandal as well as in armament programs scandals is currently...

Greek Bond Yields Hit 12-Year-Low

Greece’s 10-year borrowing costs hit their lowest in 12 years on Friday, benefiting from expectations of an exit from its bailout this year, underpinned...

BoG Governor Urges Greece and Creditors to Compromise Before It’s too Late

Governor of the Bank of Greece, Yannis Stournaras, said on Monday, that time is running out for bailout review talks and stressed that Athens...

‘Red’ Loans Management to Unsettle Greek Parliament

The hot issues of 'red' loans management and the privatization of the Independent Power Transmission Operator (ADMIE) will be tabled in Greek Parliament on...

Bank of Greece Chief Against Postponement of IMF Repayment

Bank of Greece (BoG) governor Yiannis Stournaras expressed his disagreement over the government's decision to skip the scheduled repayment to the International Monetary Fund (IMF) and...

Greek Bank Holiday Extended Until July 8

Greek banks will be closed until Wednesday, July 8, after a meeting among Greece's banks and the Greek Finance Ministry led to the decision...

Former BoG President: Greece Never Had a Bailout Plan

Former Bank of Greece president Giorgos Provopoulos said in a television interview that Greece had no clear bailout plan from the beginning and that...

ECB Raises Greek Banks’ Emergency Liquidity Cap by 800 Mln Euros

The European Central Bank (ECB) has raised the cap on Emergency Liquidity Assistance (ELA) available to Greek banks by 800 million euros late on...

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