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Forget Grexit: Now It's Grecovery

With international loans pouring in and talk of Greece being forced out of the Eurozone - a so-called Grexit - ceased, the country's slow...

Bundesbank’s Confidential Document Revealed

The German daily newspaper Handelsblatt revealed on April 26, a confidential internal legal document of the German Federal Bank or Deutsche Bundesbank that accompanied...

Greek Bank Chief Says Deposits Safe

As Cyprus is confiscating up to 80 percent of the bank accounts of depositors with more than 100,000 euros ($130,000) to meet demands of...

Greek Bank Leader Says Crisis Ending

Despite tax revenues falling far short of expectations as austerity measures have cut deep into the disposable income of Greeks who have responded by...

Greece Needs Loan For Bond Buyback

Greek officials said on Dec. 12 they need an additional 1.29 billion euros ($1.68 billion) to finish a plan to buy back 30 billion...

Central Banker Said to Take Another 30% Pay Cut

Greece's central banker has cut his salary by almost a third, a person familiar with the matter said Tuesday, as part of a series...

Greeks Withdraw EUR700 Million in Cash Out of Bank Accounts‎

Greek depositors withdrew EUR700 million from local banks on Monday, the country's president said, and warned that the situation facing Greece's lenders was very...

Bank of Greece: Recession Getting Worse, More Cuts Needed

ATHENS – Bank of Greece Governor George Provopoulos has given another dire warning about the country’s economy, foreseeing that the Gross Domestic Product (GDP)...

Bank of Greece: Economy to Shrink 5 pct in 2012

Greece's economy will contract by a steeper-than-expected 5 percent this year, the country's central bank chief said in a speech to the bank's shareholders...

Papademos Confident after Samaras Letter

The Greek Prime Minister, Lucas Papademos, has today praised the letter sent by the New Democracy leader, Antonis Samaras, to the President of the...