banks
Economy
Greek Government to Subsidize Rent For 300,000 Poor Families
The Greek Ministries of Labor and Finance are expected to co-sign a framework to establish a rental subsidy plan for more than 300,000 families having low incomes.
Applications for the new program will be submitted online, and the Greek Government's...
Economy
Greek Banks Ready To Agree on New Home Protection Plan
The Hellenic Bank Association is ready to agree with the Greek government on a new plan which aims to protect the primary homes of property owners. Just as importantly, the new plan will not create any unwanted financial side-effects,...
Business
Greece's Eurobank Buys Out Property Firm in €780 Million Deal
Greece’s third-largest lender Eurobank announced a deal on Sunday to buy Grivalia Properties in an effort to boost the bank’s capital and speed up the reduction of bad loans.
The Athens News Agency says that the 780 million euro ($886...
Economy
Greece Eases Capital Controls, Raises Cash Withdrawal Limit
The Greek government has announced a further easing of capital controls effective from Friday.
The withdrawal limit from bank accounts will be raised to €2,300 ($2,870) from the current limit of €1,800 per month and restrictions on opening new accounts...
Business
IMF's Lagarde: Greece Now Better Equipped for Economic Growth
Greece is now better equipped to achieve economic growth in the future after the structural reforms it has implemented due to the bailout terms, the head of the International Monetary Fund (IMF), Christine Lagarde, told German broadcaster ARD.
"We can...
Greece
'I Would Rather Demolish it!' Anger in Greece as Foreclosure Auctions Gather Pace
Increasing number of indebted Greek homeowners express concern about the fate of their property, despite assurances by the Greek government that primary homes will be protected.
Foreclosure e-auctions, is perhaps the theme that could dominate the Greek political and social...
Economy
Eurogroup Chief: We Saved the Greek Banks but Overlooked Taxpayers
Outgoing Eurogroup chief Jeroen Dijsselbloem acknowledged on Thursday that Greece’s creditors put too much emphasis on saving the banks at the expense of ordinary taxpayers.
In an exchange of views on Greece in the European Parliament's Employment and Social Affairs...
Greece
Greek Tax Authority Gets Data from Bank Deposits Abroad
The Independent Public Revenue Authority is expected within September to receive data on bank accounts held by Greek citizens in 49 countries.
In exchange, Greek banks will send the data to the tax authorities of partner countries on accounts held...
Business
New Development Bank will Fund Infrastructure Projects
The Greek government will set up a development bank to fund infrastructure projects, start ups, small businesses and export oriented companies, the government's economic policy council announced on Friday.
The Hellenic Development Bank will be a state lender that...
Economy
2017's Low Deposit Rate Has Brought a 'Credit Negative' Event to Greek Banks, Moody's Says
Since the beginning of 2017, Greek bank deposits have been down, causing the international rating agency, Moody's, to call the first couple months of the year a "credit negative" event for Greece.
Back in January, the Bank of Greece (BoG)...