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Bloomberg: 'Central Bank of Greece To Cut Bad Debts of Banks in Half'

  The Central Bank of Greece is working on a plan to cut in half all the bad debts that burden  Greek banks, according to...

German Press: Greece Will Likely Need Another 'Bailout' Due to High Debt

Due to its high public debt, it is doubtful whether Greece will make it on its own in the long run without new financial...

Debt-Ridden Greece's Only Theater Museum Shuts Down

The Greek theatrical and cultural treasure that was established as a museum in 1938, is not open anymore and is facing a permanent closure. Among...

Cypriot Households Remain Highly Indebted, Data Reveal

Cypriot households and businesses continue to be highly indebted despite the decline in debt levels, according to a report released on Tuesday by the...

Greek State Debt to Private Sector Exceeds €3 Bln

With €306 million added in August, Greek State debt to private companies and individuals reached €3,036 billion, from €2,73 billion at the end of July. From...

Greek State Debt Rises to €345.3 Billion in June

Greece's central government debt reached €345.3 billion at the end of June, up from €343.7 billion three months earlier, according to data published by...

Five Billion Euros Added to Outstanding Debts to Greek State in June

New outstanding debts to the Greek State in June amounted to €5.192 billion, compared to €4.764 billion in May, according to the Independent Authority for...

Debt Package is 'Credit Positive' for Greece, Says Moody's

A debt relief package offered to Greece by its creditors last week is a significant benchmark in Greece’s ongoing recovery from its deep government...

Varoufakis Says Debt Deal 'Extends Greek Bankruptcy into 2060'

Former Greek finance minister and one-time ally of Prime Minister Alexis Tsipras, Yanis Varoufakis, has claimed Greece's "bankruptcy" has been extended by five more...

Tsipras Dons Tie, Then Removes it in Symbolic Gesture on Greek Debt Deal

Greece's prime minister, Alexis Tsipras, celebrated the conclusion of a deal with Eurozone ministers on debt relief by addressing his cabinet officials wearing a necktie...