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Greek Banks Seek Solution For Consumer Debt

Greek banks that have billions of outstanding government loans that are at risk of default should the EU-IMF-ECB Troika not issue another bailout are...

Moody's Cuts Greek Debt Rating To C From Ca

Moody's Investors Service on Friday has downgraded Greece's local- and foreign-currency bond ratings to C from Ca and has not assigned an outlook to...

Turkey to Sue Greece for 300 MLN USD Gas Dept

The state-owned Turkish Pipeline Corporation (BOTAS) is expected to sue the Greek government for debts of around 300 million USD arising from natural gas...

General Government Deficit Rises in January to April Period

The Greek general government deficit totaled 9.967 billion euro over the four months from January to April 2011, up from 7.328 billion euro in...

Finance Minister Intends to Sue "Proto Thema" for Article

Finance Minister Yiorgos Papakonstantinou intends to sue the newspaper "Proto Thema" for libel over its front-page article headlined "Express Service Minister", according to an...

WIND Hellas Mobile Co. Sells Out to Creditors

Greek mobile operator WIND Hellas will be acquired by a consortium of its major bondholders in a deal that will see its EUR1.87 billion debt...