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Facing Collapse, Greece's Postbank to be Privatized

Hellenic Postbank, a small state-controlled lender, is insolvent, Finance Minister Yiannis Stournaras said, and must be sold or transferred to private investors. It was...

Greek Convicted Bomber Released from Jail

Jailed 25-year-old Nikos Romanos, in prison for attempted robbery and planting a bomb outside the house of a former minister, among others, was released...

Greece's Eurobank to Maintain Balkan Subsidiaries

Reuters has reported that Eurobank will maintain its Balkan footprint in Bulgaria, Serbia and Cyprus after pulling out of Romania, its deputy CEO said...

Eurobank to Take Over Alpha Bank Branches in Bulgaria

Eurobank, one of Greece's biggest banks, will take over the business of another major Greek bank, Alpha Bank, in the neighboring Balkan country of Bulgaria. Eurobank's...

Griveas-Vatsika Couple To Be Extradited To Greece

A London court ruled yesterday that businessman Kyriakos Griveas and his spouse Anastasia Vatsika must be extradited to Greece to stand trial in relation...

Lavrentiadis Released on 500,000 Euro Bail

Lavrentis Lavrentiadis, remanded in custody for the Proton Bank scandal in Greece, was released on a 500,000 euro bail.  He was accused of money...

New York: 3rd Greek Investment Forum

The administrations of the 25 largest companies listed in the Athens Stock Exchange are to hold meetings with some of the leading investment houses...

German Spiegel Praises Greek Prosecutors

The German magazine, Der Spiegel made a tribute to the Greek female prosecutors Popi Papandreou, Eleni Raikou and Euterpe Goutzamanis for their services. A recent...

Greece's Rich Plundered Banks

The head a Greek unit investigating money-laundering told Parliament that connected Greek businessmen have been using five banks in elaborate scheme to essentially steal...