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Greece; Aim is to Come Out of Recession, Reichebach
"Greece's aim today must be to come out of the recession. With development, new jobs will be created and its competitivity will be strengthened"....
ASE Sees Biggest Gain In 23 Years As Alpha Bank and Eurobank Agree Tie-Up
Alpha Bank and Eurobank announced that they have reached agreement on a combination by[...]
IMF: Important That Greece Private-Creditor Talks Be Brought To Early Conclusion
Negotiations between Greece and private holders of its debt need to be resolved quickly to assure Greece can pay its bills and prevent failure...
Government Ponders Possibility of Selective Default
The government is now discussing with the Europeans the possibility to declare a selective default, if the financing of the deficits and of...
Bundesbank Requests Volunteer Participation of Germany’s Private Banks
As Joachim Nagel, member of the Executive Board of the Bundesbank stated in the newspaper Suddeutsche Zeitung, ''The involvement of private banks in Greece's support plan should be completely voluntary.''
"The participation of the private sector itself is positive. However, it...
Wall Street Giant Thomas Belesis Honored as Businessman of the Year
Thomas Belesis, CEO of John Thomas Financial, an independent broker/dealer and investment-banking firm located in New York City's Financial District, received the 2011 Businessman...
Victoria’s Former Premier Steve Bracks Joins Board of Beirut Hellenic Bank
The former Premier of Victoria, the Hon Steve Bracks AC , has joined the Board of Beirut Hellenic Bank (formerly known as Laiki Bank...
A New Era Began as LAIKI Bank Australia Became Beirut Hellenic Bank
Following the acquisition of a majority shareholding of Laiki Bank (Australia) Limited by the Bank of Beirut in February 2011, the bank announced it...
IMF: Major Reforms Still Needed For Greece
International Monetary Fund said on Wednesday that a medium-term budget strategy paper, which will set annual spending ceilings for individual line ministries and fiscal...
Moody΄s Downgrades Cyprus To A2 From Aa3
Moody΄s Investors Service announced on Thursday that it downgraded Cyprus΄s government bond ratings by two notches to A2 from Aa3, reflecting its view of...