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NBG Chair: 'Greeks Must Show Their Support to the Banking System'

Eurogroup's decision of no haircut on the bank deposits is an important step of confidence-building towards the Greek banking system as well as the immediate disbursement of 10 billion euros for the banks' recapitalization, estimated the president of the...

Top 10 Job Positions Young Greeks Wish For

The Greek Generation Y would like to work for a multi-national corporation with good pay, job security and a good balance between work and personal life. According to a survey conducted by the Athens University of Economics and Business in...

Reuters: Greek Banks Offloading Shipping Debt to Shore Up Capital

Greek banks are considering offloading part of their shipping debt portfolios worth billions of dollars in a bid to shore up their capital, Reuters stressed citing banking and ship-financing sources. Earlier this week, Athens has secured a four-month extension of its...

Kalashnikov Used in Murder of Domokos Warden Traced to Attempted Bank Robbery

The Kalashnikov rifle used in the attack against the chief warden of Domokos’ high security prison on Saturday was also used in an armed robbery at a National Bank of Greece (NBG) branch in Aspropyrgos, in 2012, according to the ongoing...

Moody's Downgrades Five Greek Banks

Moody’s downgraded five Greek banks on Monday, citing heightened uncertainty regarding the new government's ability to reach an agreement with its creditors before the end of the current support program that expires at the end of February. The ratings agency said...

Athens Stock Exchange Recording Losses of 7.35% During Third Consecutive Day of Fall

New dramatic free fall recorded the Athens Stock Exchange (ASE), which sank to a new year low, amid the worsening climate in the markets due to political uncertainty, while the Greek 10-year bond recorded a worrying increase over 9%. The...

Turkish PM Davutoglu in Athens Amid Heavy Security Measures

Turkish Prime Minister Ahmet Davutoglu arrived in Athens a few minutes after 3:30 pm accompanied by nine of his cabinet's Ministers, in order to participate in the 3rd Greek-Turkish High Level Cooperation Council, to be held over two days...

Piraeus Port Authority OKs Agreement with Chinese COSCO

After a Piraeus Port Authority (OLP) general meeting green-lighted the agreement with Chinese company Cosco regarding the latter's new 230-million-euro investment in Piraeus, Greece, the way is now open for Beijing to move ahead with its export plans in...

Greek Banks to Implement Law on 'Bad Loans'

Greek banks are ready to implement the law on "bad loans." This emerged after today's meeting at the government headquarters between Prime Minister Antonis Samaras, government Vice President Evangelos Venizelos, Finance Minister Gikas Hardouvelis, Alternate Finance Minister Christos Staikouras,...

NBG CEO Optimistic Ahead of Stress Tests

Speaking at a conference of the Greek Institute of Internal Auditions on "Internal control in the middle of developments," National Bank of Greece (NBG) CEO Alexandros Tourkolias revealed that most of the bank's loans are investment loans, spent over...