Search Results for: National Bank of Greece
Eurogroup approves Greece to get more bailout funds
October 11th, 2016
The Eurogroup welcomes the implementation by the Greek authorities of the set of 15 milestones in the context of the first review of the ESM programme. The Eurogroup commends the Greek authorities for adopting the necessary further measures to ...
The European Central Bank keeps key interest rates at historic lows
June 2nd, 2016
The European Central Bank held key interest rates at historic lows Thursday, but made no announcement regarding Greece despite speculation it may offer a helping hand to its cash-strapped banks. Meeting in the Austrian capital instead of its usual ...
Eurozone finance ministers are set to discuss easing Greece’s debt burden
May 23rd, 2016
Greek lawmakers on Sunday (22 May) adopted another batch of controversial spending cuts and tax hikes, two days before a crunch eurozone meeting expected to unlock the next tranche of much-needed bailout funds for the debt-ridden nation. The 7,000-page ...
Greece adopted a controversial package of pension cuts and tax hikes
May 9th, 2016
Greek lawmakers late Sunday adopted a controversial package of pension cuts and tax hikes despite mass public opposition, bowing to creditor demands in a bid to unlock the next tranche of badly-needed bailout funds. The unpopular reforms, which saw ...
TICKING TIME-BOMB: Greece set to run out of cash by MAY pushing Europe into ANOTHER crisis
April 28th, 2016
DEBT-ridden Greece is dangerously close to running out of cash and plunging the eurozone into a fresh crisis. Athens desperately needs £4 BILLION worth of aid from creditors but is refusing to make any further cutbacks to government spending. ...
Time for Debt Reduction in Greece
April 25th, 2016
Once again, Greece is at an inflection point. With its cash balances severely stressed, it seems unlikely to be able to pay the cascading debt payments that are falling due over the next few months. So yet another round ...
Bank of Cyprus intends to pursue a premium listing on the London Stock Exchange
April 4th, 2016
Bank of Cyprus has issued an announcement to reveal its intention to pursue a premium listing on the London Stock Exchange (“LSE”). The Group also intends to maintain a listing on the Cyprus Stock Exchange. The Group does not intend ...
Greece’s Euro Future May Be Back in Play If Rescue Talks Drag On
April 4th, 2016
Creditors resume talks in Athens on bailout program review Pensions, tax policy remain obstacles, EU officials say Greece could again face the threat of being pushed into default and out of the euro if its current bailout review drags ...
Greece Economic Crisis Enters Year 9
March 28th, 2016
Greece’s fledgling economy fell back into recession in the fourth quarter of 2015, as the combination of sky-high unemployment, weak inflation and a shaky financial sector ended a turbulent year defined by political crisis and uncertainty. Gross domestic product ...
Greece: fears for more cuts and tax increases will be needed to unlock bailout loans
February 4th, 2016
Greece Fears More Austerity Pain Ahead to Unlock Bailout Loans Nationwide strike called to protest cuts as talks progress with creditors The outlook for Europe’s most depressed economy hinges on how talks progress between the Greek government and its ...
