Bank of America
Economy
Bank of America: What Would Happen if Greece Doesn't Pay IMF Installment
If Greece doesn't pay the upcoming International Monetary Fund installment of 458 million euros due on April 9, a chain of unpleasant events will follow, says a Bank of America report.
However, Greece will not go bankrupt in April. The IMF will...
Economy
Greece, 6 Bankruptcies in Less Than 200 Years
Greece has been the center of attention for over two weeks, after the January 25 elections. Foreign media, news agencies, government officials and investors are watching the new Greek government closely, criticizing its every move.
Furthermore, people around the world...
Economy
BoA, Merrill Lynch, Capital Analysts on SYRIZA's Economic Plan
The SYRIZA economic plan is a joke, said Capital fund analyst Joerg Sponer, after the meeting of SYRIZA MPs Giorgos Stathakis and Yiannis Milios with 35 international banks and hedge funds in London. Bank of America/Merill Lynch followed shortly...
Greece
NBG Hires Advisers for Sale of Turkish Finansbank
National Bank of Greece (NBG) has hired other banks including Goldman Sachs, Morgan Stanley and Bank of America Corp to work as advisers on the sale of 40% of Turkish Finansbank, reported Bloomberg. NBG is planning on selling its shares...
Economy
Greece Locked out of Markets Until 2017 or even 2022
ATHENS – After stiffing investors earlier this year with 74 percent losses and still wracked by a deep recession, $460 billion in debt, and unable to raise revenues or collect from tax evaders, Greece seems unlikely to win back...
Economy
Greece Running Out of Money as Tax Collections Wane
ATHENS – The combination of political uncertainty and the fear that Greece will be forced out of the Eurozone and return to the drachma have worsened the country’s ability to collect taxes, with revenues falling far short of expectations,...
Economy
If You Invested in Greece, Sucker – You Lost
ATHENS -The professional beggars in Greece, the gypsies who rent babies and drug them to elicit sympathy and money, the regulars who’ve perfected their patter and modus operandi to prey on people’s weak hearts and open their wallets, the...
Economy
Fund Managers Survey Says Greece Will Default
As Greek political leaders continue to insist the country will not default on its loans and will return to profitability by the end of next year, a Bank of America Merrill Lynch survey of global fund managers indicates that...