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European Commission Clears Restructuring Plans of NBG & Piraeus Bank

The European Commission announced on Wednesday that it has found the restructuring plans of the National Bank of Greece (NBG) and Piraeus Bank -...

Commission Authorises €36 million Aid for Investments in Greek Electricity Infrastructure

The European Commission has found that public support to seven projects aimed at improving and expanding the Greek electricity network complies with EU state...

EU Says Greek Bank Deposits Safe

The European Union has rebutted a claim by a member of the major opposition party Coalition of the Radical Left (SYRIZA) said that Greece's...

Aegean Finally Seals Olympic Air Purchase

Aegean has finally completed the purchase of its fellow Greek airline Olympic for €72 million. The two airlines had originally agreed on a merger in...

Aegean, Olympic Air Plan Takeover Details

With the European Union giving the okay for Aegean Airlines to take over Olympic Air, the companies are putting together plans to complete the...

EU Probes Aegean-Olympic Merger Plan

European Union anti-trust authorities say they have opened a full investigation into a renewed attempt by Aegean Airlines in Greece to take over its...

EU OKs Greek Plan to Extend OPAP Exclusive Rights

The European Commission has authorised Greece, under EU state aid rules, to prolong until 2030 exclusive rights granted to OPAP, the Greek public gambling...

EU Gives Temporary Okay for Recapitalization of Banks

The EU Commission gave its temporary green light to the recapitalization of the main Greek banks - Alpha Bank, EFG Eurobank, Piaeus Bank and...

Almunia: Europe Should be Ready to Give Greece More Cash

European Commission Vice President Joaquin Almunia said European countries should stand ready to support Greece, giving the country more financial assistance if needed. In an...

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