Cyprus OK’s Partial Bailout Plan

With the clock running fast toward a possible bank collapse and default unless they came up with a plan to raise 5.8 billion euros...

2017’s Low Deposit Rate Has Brought a ‘Credit Negative’ Event to Greek Banks, Moody’s...

Since the beginning of 2017, Greek bank deposits have been down, causing the international rating agency, Moody's, to call the first couple months of...

Lagarde List Probe Finds Rampant Tax Cheating

More than 3 1/2 years after first receiving it, Greece is speeding the pace of looking into a list of 2,062 citizens with $1.95...

Greek Bank Leader Says Crisis Ending

Despite tax revenues falling far short of expectations as austerity measures have cut deep into the disposable income of Greeks who have responded by...

New Measures on Capital Repatriation to Boost Investments

The Greek government is ready to submit its plans for capital repatriation to the European Commission's Task Force for Greece. The plan refers to...

New Bill on ‘Plastic Money’ Allows Consumers to Build-up Tax-free Allowance

The draft bill tabled in Parliament last week will usher in a new way for tax-payers to "build up" their tax-free allowance as of...

Greece Asks EU Help To Catch Tax Cheats

Conceding that Greece can’t deal with tax cheats alone, the government is going to bring in tax experts and analysts from other European countries...

ECB Report‏: Greek Banks Reduced Number of Branches in 2014

Greek banks significantly reduced the number of their branches in Greece in 2014, the European Central Bank said in a report on Wednesday. Greek bank...

Der Spiegel: Greek Money Is Moving to Bulgaria

Greek depositors and businesses are relocating their money and their business headquarters to Bulgaria, according to German weekly magazine Der Spiegel. The magazine reported that 14,000...

Schaeuble Says Critics Envy Germany

Beaming over Germany's success in imposing its will and forcing Cyprus to confiscate up to 80 percent of uninsured bank deposits to get releae...

BoG Chief Stournaras Says ‘Progress Recorded in the Greek Economy Should Not Be Intercepted’

On Friday the Bank of Greece's (BoG) governor, Yiannis Stournaras, made an intervention on the government's negotiation with the country's lenders within the context...

Stournaras Warns of Penalties for Banks With Non-performing Loan Exposures

Bank of Greece's Yannis Stournaras has issued a stern warning to banks over non-performing loan (NPLs) exposures. On Monday a published interview with the Financial...

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