Bank of Greece

With austerity measures cutting deep into consumer spending and construction, the Greek housing market has taken an especially big hit, with an 80 percent decline in building in the last five years, since the country’s recession began. Unable to pay...

Investors who held small Greek bonds that were made nearly worthless after a previous government under then-Finance Minister Evangelos Venizelos imposed huge losses on them, protested outside the offices of current Prime Minister Antonis Samaras’ New Democracy Conservative party,...

Eight potential investors, including a Chinese conglomerate and private equity funds, have expressed interest in buying a major stake in Greek gambling monopoly OPAP, the country's privatization agency HRADF said. Among the firms responding to a Nov. 9 deadline to...

With their pay set to be deeply cut, 45 veteran workers at the Bank of Greece have resigned en masse, illustrating the deep division in the country as the Parliament was set to vote on a $17.45 billion spending...

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 of moves to cut operating costs and in a symbolic show of solidarity for the...

After several scares over whether Greece would default and go back to the drachma from the euro, which led Greeks to take out billions of dollars from the country's banks, deposits are slowly starting to come back, according to...

Greece on Monday said it was reviving efforts to conclude an accord with Switzerland in order to tax Greek bank account holders there, as central bank data showed a large outflow of deposits abroad. "The Swiss government has been asked...

Greek deposit outflows have accelerated before this weekend’s elections, two bankers familiar with the situation said, on concern the nation may move closer to abandoning the euro. Daily withdrawals have increased to the upper end of a 100 million-euro to...

ATHENS – Greek shipowners, who pay no taxes to the state but claim to have brought in $175 billion in untaxed earnings over the last 10 years, have threatened to relocate their businesses and abandon their home country if...

The Bank of Greece describes a potential exit from the Eurozone as a nightmare for Greece. The Drachma would be followed by a currency devaluation of 65%, the country's inflation will rise up to 30% and unemployment rates will...