Tsipras on New Greek Bank Recapitalization

The bill on the renewed recapitalization of Greece’s banks may be tabled at the Greek parliament as soon as this week, according to Hellenic...

IOBE: Economic Growth and Decreased Unemployment in 2014

The Greek Foundation of Economic and Industrial Research (IOBE) presented  its report on the Greek economy for the first quarter of 2014 on Wednesday, April...

Samaras Shakes It Up, Hardouvelis New Finance Chief

Greek Prime Minister Antonis Samaras, his New Democracy Conservatives still reeling from being beaten in the European Parliament elections by the major opposition Coalition...

Former SYRIZA Minister Denounces Greek Bank Recapitalization

The recapitalization of the banks is probably the biggest robbery in Greece's history, Popular Unity leader Panagiotis Lafazanis said in an interview with Praktorio...

ECB Extends Greek ELA by 600 Million Euros

Today, the European Central Bank (ECB) decided to increase the maximum amount of Emergency Liquidity Assistance (ELA) that Greek banks can receive from the...

Bank of Cyprus Officials Deleted E-Mails

Two of the beleaguered Bank of Cyprus’ former top executives appear to have deleted critical e-mails to cover their tracks over why they decided...

Piraeus Bank, EIB, EBDR, Sign €700 Million Investment Deal for Small Greek Businesses

Piraeus Bank, Greece's biggest lender, has signed a new investment deal for small and medium sized companies with the European Investment Bank (EIB), the...

Greece Has Not Asked Switzerland to Name Suspected Tax Evaders

Greece is not one of the countries that have asked Swiss authorities to release on the web the names of suspected tax evaders who...

EU Lawmakers Blast Eurozone Over Cyprus

The European Parliament has heavily criticized Eurozone officials for crafting a plan to confiscate bank deposits of Cypriots to make them pay for an...

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...

Greek FinMin Varoufakis and Hellenic Bank Association: Haircut Reports ‘Baseless’

Greek Finance Minister Yanis Varoufakis and Hellenic Bank Association President Louka Katseli have refuted a Financial Times report regarding a 30% haircut on Greek deposits. The...

Stournaras: Eurogroup Deal on May 24 Could See Lifting of Capital Controls

Bank of Greece Governor Yiannis Stournaras said that capital controls will be lifted if a deal is made at the Eurogroup on May 24....

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