Bloomberg

The ECB plans to accept junk bonds from crisis-ridden countries, provided that they were first subjected to an economic monitoring program. The announcement, which came from the head of the European Central Bank, Mario Draghi, has reportedly astonished Greek lawmakers. The statement has...

Despite some encouraging economic signs – 27% returns on Greek debt, the highest among sovereign securities thus far this year – a recent Bloomberg article notes that Prime Minister Samaras still faces a difficult uphill battle if Greece intends to...

National Bank of Greece (NBG) has hired other banks including Goldman Sachs, Morgan Stanley and Bank of America Corp to work as advisers on the sale of 40% of Turkish Finansbank, reported Bloomberg. NBG is planning on selling its shares...

Each year, Bloomberg Philanthropies hands out innovation awards, accompanied by a large money donation to various cities across the world. Athens was among the five cities awarded in 2014. The grand prize went to Barcelona for creating the "Trust Network," a digital community aimed at...

Freedom House, a non-profit media monitoring group, said its annual analysis of economic, legal and political conditions in 197 countries worldwide shows press freedom in central Europe declining. In this year’s survey, the average ranking of the six former Soviet...

Business Insider classified Greece among the most miserable countries in the world, based on the unemployment rate and the high prices of products. Business Insider cites a Bloomberg survey that counts misery in each country with the "misery index." It is measured by adding the...

Portugal and Greece have money set aside to recapitalize their banks if the European Central Bank (ECB) uncovers problems during its asset-quality review and stress test, European Stability Mechanism (ESM) chief Klaus Regling said, according to Bloomberg news agency. The...

Six out of ten economists in a Bloomberg News survey said Greece will need to top up the 240 billion euros of loans received from Europe and the International Monetary Fund since 2010, when it lost access to bond...

According to Bloomberg news agency, Greece is planning on issuing three-year bonds amounting to 2-3 billion euros at the beginning of next week, after the country exited from its “market exile.” A government official who preferred to remain anonymous, spoke...

The Hellenic Republic Asset Development Fund (HRADF), which oversees the sale of several state assets, has reconsidered the sale of 51% of the Thessaloniki Water Supply & Sewage Co., after citizens in northern Greece expressed their disagreement. The local community...