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Bank Officials Say Depositors Still Wary Due to Capital Controls

Greeks are still not convinced that they can trust banks with their earnings, according to a recent report from the Bank of Greece (BoG). Not...

Bank of Greece Governor Assures Banks Deposits’ Safety

Bank of Greece (BoG) governor Yiannis Stournaras reassured that deposits in Greek banks are fully secured as after the recapitalization of banks the danger of...

Greek Government Records 954 Million Euro Deficit

Greek central government cash balance recorded a deficit of 954 million euros in the January-October period this year, compared to a deficit of 2,250...

European Central Bank Decreases ELA Ceiling for Greece

The European Central Bank (ECB) has decided to further lower the ceiling for Emergency Liquidity Assistance to Greece, the Bank of Greece (BoG) revealed....

ECB Lowers Emergency Liquidity Assistance to Greece

The Governing Council of the European Central Bank has decided to further lower the Emergency Liquidity Assistance (ELA) ceiling for Greece, the Bank of Greece said in...

European Central Bank Further Lowers Emergency Liquidity Assistance to Greece

The Bank of Greece announced on Thursday that the Governing Council of the European Central Bank decided on Wednesday to decrease the Emergency Liquidity Assistance level...

Greek Bank Deposits Dropped to 2003 Levels in July

Greek banks lost 39.4 billion euros in deposits between January and July. The Bank of Greece (BoG) announced on Thursday that Greek households withdrew 1.43 billion euros from...

Greeks are Hiding Over €50 Billion in Cash

The imposition of capital controls showed that Greeks have over 50 billion euros stashed away under mattresses, in drawers, buried in the yard or...

ECB Rejects Greek Request to Reopen Athens Stock Exchange

The European Central Bank (ECB) did not accept the request of the Bank of Greece (BoG) and the Capital Market Commission for reopening the Athens...

Greek Govt to Ease Capital Controls on Businesses

In a meeting on Friday, the Bank of Greece (BoG) along with Greek government representatives agreed to give businesses a breath of air. Many imports to...

Decisions to Reopen the Athens Stock Exchange Will Be Taken Next Week

Final decisions concerning the reopening of the Athens Stock Exchange will be taken next week, senior Finance Ministry officials said on Thursday. Representatives of the...

Greece Pays €6.8 Bln Installments to IMF and ECB

The bridge loan that Greece desperately needed in order to cover the installments to its creditors has finally arrived at the Bank of Greece (BoG). “As Greece...

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