Most Greek Aid Back To Lenders

Greece will use more than half of an incoming loan installment of 4 billion euros ($5.27 billion) from the Eurozone to give back to...

Greek Bailout Went To Wealthy, Investors

More than 75 percent of the 207 billion euros ($277.58 billion) that has so far come in through two bailouts to prop up Greece's...

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...

Greeks Piling Up Debts

  Some recent findings showed that the majority of Greek citizens are drowning in debts and find it hard to fulfill their obligations to the...

The 112-Year History of Laiki Bank

Laiki Bank, whose healthy part merges into the Bank of Cyprus transferring a debt of 9.2 billion euros, has a history of 112 years....

Two out of Three Citizens Struggle Economically

Two out of three citizens, who turned to the economic system for borrowing, in order to cover all types of needs (housing, consumer etc.)...

Cypriot Bankers Fear For Their Lives

Cypriot officials from the now-defunct Cyprus Popular Bank who testified before the European Parliament said the bank crisis in their country allegedly involved the...

EU Demands Greek Bank Closures

Already struggling despite a 50 billion euros ($65 billion) government recapitalization, Greek banks are being squeezed by the European Union to reduce their operating...

3600 Bank Employees Losing their Jobs

By the end of 2013, 3600 bank employees will leave Greek Banks with voluntary exit programs. In the new year, 3600 bank employees will be...

Recapitalized Banks To Fire Workers, Close Branches

The first order of business for Greek banks who are getting 50 billion euros ($65.5 billion) in free money from the government in a...

Greece Plans Credit Card Incentives

In a bid to reduce rampant tax evasion, Greece is planning to reduce the Value Added Tax (VAT) paid when making purchases via credit...

Piraeus Bank Hits Capital Mark

Greece's Piraeus Bank, whose Chairman, Michalis Sallas, has been accused of questionable activities and is set to make a huge profit out of the...

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