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Lagarde: ‘Greece Repaid the Amount Owed to IMF for April’

Greece has repaid the amount it owed to the International Monetary Fund (IMF) for April in the framework of its support program, the Fund’s chief...

Greek Revenues Collapse in First Two Months of 2015

The Greek state budget primary surplus recorded a significant drop to just 503 billion euros in the first two months of 2015, compared to a...

BoG Governor: Uncertainty Threatens to Negate Sacrifices of Greek People

Uncertainty threatens to derail the Greek economy and even negate the huge sacrifices made by the Greek people in previous years, said Bank...

Another €2 Bln in Bad Loans Added in Jan-Feb

Greek bankers estimate that the amount of non performing loans created in the first two months of 2015 amount to 2 billion euros. This is...

Greek Govt Seeking Liquidity Assistance from Social Security Funds, Hospitals and Farmers

His belief that there are alternative solutions to liquidity problems in March expressed a senior Greek financial official just before the Government Council for Economic...

BoG Governor: We Must Conclude a Mutually Beneficial Agreement with Partners

Bank of Greece (BoG) Governor and former Finance Minister Giannis Stournaras has warned the Greek government that a final agreement with the country's loan partners...

JP Morgan: Greek Banks’ Deposits Outflow Reached 3 Bln Euros Last Week

The Greek banks' deposits outflow during last week -and before Friday's Eurogroup deal on the loan agreement four-month extension reached between the Eurozone's Finance Ministers...

Bank Deposits in Greece Reach Two-Year Low in December

A new two-year low reached bank deposits in Greece in December, as Greeks withdrew some 4.6 billion euros in a period stigmatized by political...

Seven Billion Euros Transferred Outside of Greece Since Elections Announcement

Some seven billion euros have been transferred out of Greek banks since late December, when the Parliament failed to elect a new President of...

Greek FinMin Hardouvelis Warns Over Economy Dropback due to Stalled Review

Greece's Finance Minister Gikas Hardouvelis warned that the country's economy could suffer a significant drop back into recession if the Greek bailout program review...

Greek PM and SYRIZA Pledge to Find Solution on Swiss Franc Loans Issue

The Swiss National Bank's move to lift the support of the Franc's exchange rate against the euro has caused a major upheaval and panic. Following the SNB...

Greek FinMin: ECB Won’t Provide Liquidity if Bailout Program Is Incomplete

His worries that the European Central Bank (ECB) will not provide the usual liquidity it offers to the Greek banks if the Greek bailout...

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