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Cyber Crime Unit Uncovers SMS Scam

A gigantic SMS text scam against several dozens of Greek citizens was uncovered by the Cyber Crime Unit. The scam message sent to mobile phones...

Deposit Withdrawals Reached 5.5 billion Euros in September

Greek banks witnessed a downwards trend after the total withdrawal of 5.5 billion euros in September. According to the data released by the Bank of...

Greeks Take Euros at Home Under Drachma Threat

In the wake of the political chaos, panicked Greeks keep withdrawning their savings from banks fearing that their precious Euros will soon be converted...

New Regulation On Capital Repatriation

The Ministry of Finance seeks new ways to convince depositors who have funds abroad to bring them back in Greek banks. After the substantial...

Greeks and Romanians Rush to Stash Savings in Bulgaria

Bulgarian banks have seen a significant growth in deposits over the last two months thanks to Greek and Romanian nationals, who rush to stash...

PM Papandreou: 'Reforms Must Go Ahead'

Prime Minister George Papandreou stressed on Wednesday, July 27th, that Greece must proceed with the major reforms planned, with the main target of creating...

Interest Rates Rise on ECB Hike

Several Greek high-street banks announced higher interest rates on loans and deposits following a 0.25 % hike in the European Central Bank's...

"Even nuns" moving their money abroad, says Greek official

Greece's ongoing financial crisis has raised fears of bankruptcy to such levels that people from all walks of life - 'even nuns' - are...

IMF: Greece «broadly on track»

The International Monetary Fund (IMF) late Friday issued its interim report "Greece Stand-By Arrangement - Review under the Emergency Financing Mechanism", in which it...