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Three Arrested, Twenty-Five Charged in Greek Bank Fraud
New facts have come to light in the alleged fraud case involving Hellenic Postbank and loans granted to businessmen between 2006-2011.
Since yesterday evening, Greek...
Greek Legislators Ratify Home Foreclosure Law
In a second test for the government within hours, Greek lawmakers ratified on Saturday evening a law on home foreclosures requested by international lenders...
Development Ministry Defends Foreclosure Rules
The Greek Minister of Development, Kostis Hatzidakis on Thursday defended draft legislation on non-performing mortgages. The opposition disapproves and claims that the government is...
Greek Banks Find Mortgage Ban Exploiters
About 30,000 homeowners, or 15 percent of the 200,000 protected under a moratorium on foreclosures during a crushing economic crisis, are taking advantage of...
Europe's "Hope Ceiling"
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By Ioannis Patrikakis* The current state of affairs in the Euro zone clashes with the basic principles of Aristotelian Ethics philosophy. Aristotle is describing...
Greek Banks Confident About New Stress Tests
Auditors from the American-based multinational investment management corporation BlackRock, Inc. are expected this week to finalize the methodology they will use in their new...
Fitch Sees Greek Property Market Fall
With property values in Greece plummeting during a crushing economic crisis in which buyers are scarce, the ratings agency Fitch is again revising how...
Greece Mulls Lifting Home Seizure Ban
Despite a lingering economic crisis, the coalition government led by Prime Minister and New Democracy Conservative leader Antonis Samaras wants to lift a ban...
Samaras Tells Banks To Start Lending
With the Greek government moving to recapitalize and stabilize banks, Prime Minister Antonis Samaras told the heads of the four biggest financial institutions that...
Greek Bank Chief Joins Troika Talks
As the government tries frantically to satisfy international lenders it is making enough progress in reforms to trigger release of a delayed 8.1 billion...