Search Results for: Bank of Greece
Egypt expects $1.5 billion in aid by year-end; President in Greece for energy
December 8th, 2015
Egypt expects to receive $1.5 billion from the World Bank and African Development Bank by year-end to support the budget and could discuss potential IMF financing once parliament convenes, International Cooperation Minister Sahar Nasr said. Egypt is implementing a ...
ECB: Greek banks won’t need even more recapitalisation
December 1st, 2015
Greek banks will not need any further recapitalisation after the latest round, in which the European Central Bank put their additional capital needs at 14.4 billion euros, the ECB’s Monetary Policy Strategy division head Rasmus Rueffer said. The recapitalisation ...
Hackers threaten Greek banks, demand ransom in bitcoins
December 1st, 2015
Greek authorities have created a special team to protect Greek banks from a team of hackers who have allegedly threatened to bring down the lenders’ electronic systems if they do not pay a ransom. Kathimerini understands that the group, ...
Iran, Greece seek cooperation in energy
November 30th, 2015
Iran and Greece are going to discuss a long array of economic relations issues, including banking, oil, industry, transportation and urban development during a two-day visit by Greek Foreign Minister Nikos Kotzias and his accompanying delegation which consists of ...
Germany gives Greece names of 10,000 citizens suspected of dodging taxes
November 26th, 2015
Inventory includes accounts invested in Swiss banks worth €3.6bn as Alexis Tsipras pledges to tackle tax dodging to pull country out of economic meltdown Germany has handed Athens the names of more than 10,000 of its citizens suspected of ...
Greece Gets Aid Infusion as EU Counts on Tsipras for Reforms
November 25th, 2015
ESM approves payment of 2 billion euros after milestones met EU’s Dombrovskis says bank decisions due within weeks Greece unlocked more of its rescue funds as the euro area called on Prime Minister Alexis Tsipras to maintain his nation’s ...
Piraeus Bank fails to get needed private funding
November 23rd, 2015
Greece’s second largest lender by assets Piraeus Bank SA announced on Saturday that it didn’t manage to raise all the funds needed from private investors, after capital shortfalls outlined by the European Central Bank in October. This means that ...
Greek banks: Recap offers are oversubscribed
November 19th, 2015
Greece: Banks National and Alpha are likely to announce the successful completion of their share capital increases on Thursday, following Eurobank’s announcement on Wednesday to the same effect, while Piraeus is keeping its book of offers open. It is ...
Greece secures deal on next portion of bailout cash
November 18th, 2015
Greece has secured a tentative deal with the eurozone to unlock the latest tranche of financial aid. The two sides have agreed a batch of reforms that will be presented to the Greek Parliament on Thursday. The eurozone countries ...
Greece: Now the crisis threatens to erupt again – Creditors withhold some €12 billion in funds promised
November 12th, 2015
Greece’s Quiet Crisis Support for supply-side reforms remains as elusive as ever Maybe Athens can’t help itself. No sooner had Alexis Tsipras’s government agreed to a last-minute deal to save the Greek economy from collapse than it began backsliding ...
