Cypriot Depositors Take Money Out By Sea

With up to 80 percent of their bank accounts being confiscated by the government and tight capital controls preventing access to the rest, Cypriot...

Greeks Still Opting to Hide ‘Mattress Money’ Instead of Depositing in Banks

It appears that the Greek government lifting controls this summer on new money entering bank accounts has done very little to actually impact the...

Griveas-Vatsika Released On Bail for Hellenic Postbank Unsecured Loan Case

Kyriakos Griveas and his wife Anastasia Vatsika were released on conditions on Monday after testifying to the examining prosecutor for Corruption Giorgos Andreadis in relation...

Samaras Says No Foreclosures On Poor

With a rebellion growing in their ranks over plans to let banks seize homes after a ban on foreclosures expires at the end of...

Piraeus Bank Chief Sees Profits, Investors Return to Greece

The prospect that Greece may be emerging from the darkness of a harsh economic and deep recession is seeing international investors putting money back...

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...

Cyprus Wants Troika Bailout Escape Clause

Already trying to distance itself from the harsh terms to which it agreed in return for a 10 billion euros ($13 billion) bailout from...

Bad Loans Overwhelm Cypriot Banks

Cyprus' reeling banks, brought to the edge of ruin by bad loans and bad business decisions, now have to face a mountain of non-performing...

BoG: State Generating More Debt Than it Is Repaying

The Bank of Greece (BoG) recently released data showing that the amount of state debt that Greece generates is mounting to figures that it...

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