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‘No Agreement For Cancellation of Pension Cuts’ Greek Government Source Says

A high-ranked source from within the Greek Government has denied the claims that Athenian and Macedonian News Agency's report made regarding an alleged deal between...

Rating of Cyprus is Upgraded by Major Credit Rating Agency

Capital Intelligence Ratings (CI Ratings) has announced that it has upgraded Cyprus’ Long-Term Foreign Currency Sovereign Rating to BB from BB- and affirmed...

The Top Greek Exports that Helped Greece Through the Financial Crisis

When it comes to how Greece has stayed afloat throughout the financial crisis that has gripped the nation since 2010, it is no surprise...

Greece’s Final Bailout Installment Approved by German Lawmakers

On Wednesday German lawmakers approved the last bailout installment for Greece totaling 15 billion euros. The vote took place at a special sitting of the German...

Will Creditors Approve Government’s Plan of Incentives for Making Credit Card Purchases?

According to sources, there is a plan in the making to drive Greeks to use their credit cards to make purchases. The government has...

Finance Issues, Labor Reforms, Settling NPLs Discussed During First Round of Talks With Institutions;...

On Thursday, the government concluded the first round of negotiations with the institutions on the second program review, Finance Minister Euclid Tsakalotos said on Thursday,...

Greek Government Arrears Repayment of 1.1 Billion Euros in July

According to figures released by the Bank of Greece (BoG) and the General Accounting Office on Thursday, the Greek government has deposited 1.1 billion...

Cash Transactions Falling While Greeks Use Credit Cards Causing Retail Food Prices to Rise

For decades now it is an undisputed fact that in Greece, cash is king. People have been using cash across the country to cut better...

Athens Exchange Is ‘Designated Offshore Securities Market’ by the SEC

The U.S. Securities and Exchange Commission (SEC), the supervisory authority of the U.S. capital markets, has recognized the “Hellenic Exchanges–Athens Stock Exchange S.A. (ATHEX)...

Greek FinMin Tsakalotos Backed by France, Italy to Support Spain and Portugal at Eurogroup

The finance ministers of France and Italy agreed with Greek counterpart Euclid Tsakalotos on a more flexible treatment for Portugal and Spain during the...

Rumors Greek Creditors to Increase Labor Law Measures Not Confirmed, Says VP Dragasakis

Scenarios raising fears that more measures will be demanded by Greece’s creditors regarding labor laws are not confirmed and are possibly instigated by domestic...

Ministry, BoG Propose Incentives to Deposit Hidden Stashes of Cash in Banks

The Finance Ministry and the Bank of Greece have announced that they are looking to create an exemption from capital controls for any money...

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