bankruptcy

American economist James Galbraith explains in his latest book the Plan B for Greece that was drafted last year by former Greek finance minister Yanis Varoufakis in the event bailout negotiations failed. In his book, "Welcome to the Poisoned Chalice:...

Greek family business, Mamidoil Jetoil, is the latest in a chain of companies filing for bankruptcy according to article 99 of the Bankruptcy Code. The company dealing in storage, transport and trade of petroleum-based products in Greece and the...

Greek supermarket chain Marinopoulos won temporary protection after applying for bankruptcy. The court decided to protect the privately-owned group from creditor foreclosures until September 21 when its petition for a resolution process is judged. Marinopoulos' management views the decision as...

International Monetary Fund Spokesman Gerry Rice commented on the gloomy news of Greek supermarket giant chain, Marinopoulos, seeking protection from its creditors under an article of Greece's bankruptcy code. Speaking at the IMF Bi-Weekly press briefing, Rice was asked...

The end of an era has come for Marinopoulos, one of Greece's largest supermarket chains, that filed for bankruptcy on Tuesday following a domino of events after mounting pressure from suppliers owed a large sum of money and creditor...

Last-ditch efforts to save Greece's private Mega channel from bankruptcy paid off on Wednesday with an agreement between shareholders reached at the eleventh hour. Shareholders reportedly agreed to put up three million euros within a week so as to...

Unfortunate news for Mega Chanel, as information released from Newpost, reported that the end of the channel's era was decided earlier in Tuesday's meeting with the board of directors of Teletypos SA. During the meeting, Theoharis Filipopoulos withdrew his proposal to...

Electroniki Athinon S.A., one of Greece's largest home appliances and electronics chain, announced on Wednesday that it has filed for bankruptcy after 66 years of operation. The High Court of Athens with the number 267 / 13.04.2016 decision declared the...

  Company bankruptcies in Greece slowed to 330 in 2014, from 392 in 2013, for a decline of 15.8%, the second biggest percentage decline in European south after Spain, a survey by ICAP Group, a member of the Federation of...

On Tuesday, the German "wisemen," five independent economic advisers, argued in favor of creating a mechanism that would allow Eurozone countries to go bankrupt, Reuters reported. "To ensure the cohesion of the monetary union, we have to recognize that voters...