Eurobank Announces Partnership With RBI In Poland

EFG Eurobank Ergasias has agreed to form a partnership with Raiffeisen Bank International AG in relation to their Polish operations. The terms of the...

OTE Ready to Sell 20% Stake in Telekom Serbia

The Greek OTE company has informed the Serbian government that it was ready to sell its 20% stake in Telekom Serbia, reports radio B92....

Former U.S. Ambassador to Greece Speckhard Leads Greek Proton Bank

Small Greek lender Proton Bank picked former U.S. ambassador to Greece, Daniel Speckhard to head its board of directors. Former ABN AMRO executive Rudolf...

Greece in Talks with EU & IMF on Debt Restructuring Strategy

Greece is in talks with the European Union and the International Monetary Fund on a debt restructuring package, according to The Financial Times. The scheme...

EU Considers Greek Debt Buyback as ‘Reprofiling’

The European Union, European Central Bank and the International Monetary Fund are set to agree on a three-step plan that will help Greece “re-profile”...

German Finance Minister Claims EU Considering Extension of Greek Loans

German Finance Minister Wolfgang Schaeuble claimed European governments are considering extending the life of aid loans to Greece, WirtschaftsWoche reported, citing an interview. The Greek government...

Greek MinFin: Bond Buyback Plan Under Discussion

The Greek Finance Minister said on Friday that a European initiative allowing the Greek government to buy back outstanding debt is being discussed, according...

Papandreou Claims Greece Can Achieve Growth in 2012

Greek Prime Minister, George Papandreou said that Greece can achieve growth in 2012, according to a statement. The European Financial Stability Facility "should be robust and...

Finance Ministry Announces New Tax Legislation Bill

The Greek market has risen strongly today after the Finance Ministry announced a text for new tax legislation.  The new text is aimed at aiding recovery,...

Bloomberg Poll Predicts Greek Default

Most global investors predict that at least one nation will abandon the euro zone within five years and that Greece and Ireland will default,...

EU Blocks Aegean Airlines & Olympic Air Merger

The European Commission has prohibited the proposed merger between Aegean Airlines and Olympic Air.  It would have resulted in a quasi-monopoly on the Greek...

Bloomberg: Greek Debt Repayment Depends on Real Estate Sales

Greece’s debt repayment depends on state-owned real estate sales, according to a Bloomberg report. “When the Greek government swapped land with a Byzantine monastery on...

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