2019 Proves to Be the Best Year for Greek Stocks in Two Decades

Barring any unforeseen turbulence which might occur in the very last days of 2019, the Athens Stock Exchange (ATHEX) is set to celebrate its...

Excessive Taxes and Negative Savings for Greek Households

Greece has reportedly the lowest savings rate among the 28 EU countries, as households and businesses 'bend' at the expense of wage cuts, excessive...

Greek Banks Reopen After Three-Week Shutdown

Greek banks reopened on Monday after a three-week shutdown and imposition of capital controls. However, capital controls are still in effect with a 60-euro daily...

Six Times More ‘In the Red’ Loans in the Last 5 Years

In September 2013, nearly one in three loans (31.2%) was not paid, while almost one in two borrowers (45.8%) did not pay their credit...

World Media Says Cyprus Still Uncertain

If Cyprus' government is breathing some relief that it has relented to demands from international lenders to confiscate bank accounts to trigger a 10...

Greece Eases Capital Controls, Raises Cash Withdrawal Limit

The Greek government has announced a further easing of capital controls effective from Friday. The withdrawal limit from bank accounts will be raised to €2,300...

Troika Says Bank, Surplus Questions Remain

With Greece celebrating a deal with international lenders that could open the door for long-delayed installments and critical cash, there came a warning that...

ECB’s Noyer: ‘Greek Banks Should Be Recapitalized Soon’

Bank of France Governor and European Central Bank (ECB) Governing Council member Christian Noyer estimates that a first "injection" of capital into Greek banks would be...

5,000 Greek Properties Under the Electronic Auction System by End of 2017

Despite the SYRIZA-led government’s promises that no house will be repossessed and sold by the banks, the new system of online real estate auctions...

Cypriot Bank Chief Says Money Won’t Flee

While Cyprus is keeping a tight rein on depositors and limiting how much they can take out of the bank, apart from those who...

Varoufakis Preparing Bill for Voluntary Declaration of Swiss Bank Deposits

The Greek government will table a new draft bill to Parliament that will allow Greek citizens to voluntarily reveal deposits held in Switzerland in...

‘Grexit’ Is Passe, Citigroup Introduces ‘Grimbo’ to Crisis Lexicon

Forget the monotonous term "Grexit" that has occupied thousands of newspaper pages throughout the years of the crisis, Citigroup Inc. economist Ebrahim Rahbari adds...

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