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CBC: Greek Bank Subsidiaries in Cyprus Shielded from Greek Economy

Greek bank subsidiaries in Cyprus are protected, Cyprus Central Bank (CBC) Supervision Department Head Yiangos Demetriou said on Friday, dismissing concerns due to the economic instability in...

Democracy vs Banks

Greece and the new Tsipras government have been facing a brutal attack by international creditors. A classic economic war has ensued between a lender...

Financial Times: IMF Considers Presenting Greece with 'Cyprus-Like' Proposal

The International Monetary Fund (IMF) is considering to present Greece with a "Cyprus-like" severe bailout plan proposal, according to a Financial Times report. With Greece having...

The Mousetrap of Banking

Pick up a stone off the ground, turn it upside down and you will soon discover another thriving virus of corruption lurking under it....

Neighboring Countries Put Greek Bank Subsidiaries in Quarantine

Neighboring countries put Greek bank subsidiaries in quarantine in fear of contagion should there be an economic "accident" in Greece, a "Kathimerini" report said. The...

ECB to Raise Emergency Funding for Greek Banks

The European Central Bank (ECB) greenlit funding for Greek banks amounting to 68.8 billion euros via the Emergency Liquidity Assistance (ELA) support mechanism. ECB's 25-member...

Greek Bank Deposit Outflows Continue at Alarming Level

Greek depositors withdrew over 1 billion euros from their bank accounts in the last two days, bringing deposit outflows to the January high levels. In...