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Reports Say Greek Banks to Axe Up to 4,000 Jobs in 2019

Greek banks are expected to cut up to 4,000 positions during the year 2019, various outlets in the Greek media reported on Monday. Most of...

EuroWorking Group Approves Greece’s Request for Early Repayment of IMF Loans

  According to Greece's state-run AMNA news agency, the EuroWorking group finally gave the green light on Thursday to Greece to repay part of its...

Greece Formally Requests Early Repayment of Expensive IMF Loans

The Greek Finance Ministry sent to the European Stability Mechanism (ESM) on Monday evening the government's proposal for the repayment of part of the...

Greece Planning Early Repayment of “Expensive” IMF Loans

Greece's Finance Minister Euclid Tsakalotos on Tuesday confirmed that Greece is planning an early repayment of loans it received from the International Monetary Fund (IMF). Speaking...

Bankers and Party Employees To Face Charges Over Questionable Political Funding

Bank executives and employees of the New Democracy and PASOK parties will soon face criminal charges, Greek media reported on Friday, after financial prosecutors...

Germany Opposes Greek Plans to Repay IMF Loans Early, Report Says

The German Finance Ministry is believed to be opposed to Greece's plans to repay the country's loans to the IMF earlier than stipulated, the...

Bank of Greece Presents Plan to Slash Non-Performing Loans by 47%

Τhe Bank of Greece on Thursday presented a plan to reduce Greek banks' non-performing loans by up to 47 percent. Greek banks currently hold the...

Bloomberg: ‘Central Bank of Greece To Cut Bad Debts of Banks in Half’

  The Central Bank of Greece is working on a plan to cut in half all the bad debts that burden  Greek banks, according to...

Mission (Almost) Impossible: Getting a Loan from a Greek Bank

Liquidity in the Greek economy has reached new lows as banks are unable to reduce bad loans that have reached 105 billion euros. According to...

Bank of Greece Warns About Bad Loans, Expects Rise in Deposits

Greek bank deposits are expected to rise in 2017, the Bank of Greece (BoG) said in its Financial Stability Report released on Tuesday. In the...

BoG: Deposits Down by Over 2.4 Billion Euros in 2017; April Sees Credit Expansion

  The latest reports from the Bank of Greece (BoG) show that deposits have declined by more than 2.4 billion euros in the first four months...

Toxic Loans – Toxic Minds

The damping of toxic loans has finally started in Cyprus. The Bank of Cyprus recently sold 50 corporate toxic loans in an attempt to...

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