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Head of Banking Body: Political, Economic Stability Key in Allowing Banks to Support Economy
Political and economic stability as well as the effective management of non-performing loans (NPLs) are two of the five main preconditions that would allow...
ECB 'Hasn’t Reached Lower Bound' On Rates and Absence of a Banking Union Blocks Greek Debt Restructuring Says Its Chief Economist
The European Central Bank “hasn’t reached lower bound” on rates, said Executive Central Bank’s chief economist and Member of Its Executive Board Peter Praet...
Greek Economy Minister Doesn't Rule Out Tax on Banking Transactions
Economy, Development and Tourism Minister Giorgos Stathakis didn’t rule out the possibility of imposing a tax on banking transactions as part of the government’s...
National Bank Chief Katseli Speaks Positively about Greek Banking Sector Post Recapitalization
Luca Katseli, chief of the National Bank, addressed the annual Clinton Global Initiative Congress in New York, and spoke about Greece's position after the completion...
Greek Economy Minister: Banking Restrictions will be Lifted 'Very Soon'
Greek Economy Minister Giorgos Stathakis said on Wednesday steps are taken to ease bank restrictions and normalize imports and exports, adding that capital controls...
NBG Chair: 'Greeks Must Show Their Support to the Banking System'
Eurogroup's decision of no haircut on the bank deposits is an important step of confidence-building towards the Greek banking system as well as the...
ESM's Regling Warns of Greek Banking System Collapse Without Third Bailout
European Stability Mechanism (ESM) head Klaus Regling has warned of a collapse in the Greek banking system if the country does not secure a third...
Greeks Buying Expensive Appliances in Fear of Banking Collapse
Greeks are living in fear of the banks collapsing, which would lead to severe haircuts on their deposits. However, they are fuelling this panic and make...
Security Message for U.S. Citizens: Banking Disruptions in Greece
The US Embassy in Athens issued the following statement after the implementation of capital controls in Greece.
The State Department alerts U.S. citizens residing...
Australia Issues Travel Advice on Banking for Greece
The Australian Department of Foreign Affairs and Trade issued a warning for potential problems in banking services for travellers to Greece.
According to the instructions,...