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Hold the Phone on Grexit

On July 21, the Financial Times published an article about Greece entitled,  A Grexit is starting to look more feasible for Athens-For Greece to...

Greek Bond Costs Lower As Crisis Eases

Interest rates for Greece to borrow in 10-year bonds have come down to under 10 percent, showing investors are less anxious about the prospect...

Cypriot Bank Chief Says Money Won’t Flee

While Cyprus is keeping a tight rein on depositors and limiting how much they can take out of the bank, apart from those who...

Crisis Makes Greek Foreign Deposits Skyrocket

Greeks had more than 24.7 billion euros, about $32 billion, in foreign bank accounts as of September, 2012 compared to only 9.5 billion euros...

ECB Says Will Offer Liquidity to Cyprus Despite Deposit Tax Rejection

The European Central Bank (ECB) said on Tuesday it remains committed to providing liquidity within certain limits despite Cypriot lawmakers overwhelmingly rejecting a levy...

Greek Bank Leader Says Crisis Ending

Despite tax revenues falling far short of expectations as austerity measures have cut deep into the disposable income of Greeks who have responded by...

Greek Goddess Europa Adorns New Five-Euro Note

The ancient Greek goddess Europa who was abducted and raped by the god Zeus is to be featured on new five-euro notes which will...

Germany: No Final Decision on Greece at Tuesday’s Eurogroup

On the eve of a hotly awaited meeting of eurozone finance ministers to thrash out a deal on Greece, Berlin cautioned that a final...

Troika: Two More Years for Greece to Cost 32.6 bln Euros

Plans to give Greece extra time to meet deficit-cutting targets would open up a financing gap of around 15 billion euros ($19 billion) through...

Cyprus to Contact Troika Monday for Final Round of Bailout Talks

Cyprus plans to contact international lenders on Monday evening to invite them to the island for final talks on a comprehensive aid package for...

Schaueble: No OSI For Greece, Waiting For Troika

German Finance Minister Wolfgang Schaeuble on Thursday rejected calls for any restructuring of Greek debt held by official creditors and said any question of...

Bundesbank President: ECB Will Not Fill Greek Budget Gaps

The European Central Bank will not fill potential financing gaps in Greece's budget, Governing Council member Jens Weidmann said on Wednesday. Asked about whether Greece...

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