Greece
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Central Bank of Greece

Bloomberg: 'Central Bank of Greece To Cut Bad Debts of Banks in Half'

  The Central Bank of Greece is working on a plan to cut in half all the bad debts that burden  Greek banks, according to a news report published by Bloomberg on Tuesday. This move is expected to strengthen trust in...

82 Billion Drachmas "Missing"…

In this period of crisis, particularly in Greece, the news that 240 million euros have ''disappeared'' may seem incredible. In fact, the equivalent of this sum in the old currency, 82 billion drachmas, were never exchanged for the new...

Fewer EU Tourists In November 2011, but New Tourist Market Emerges

The Central Bank of Greece announced on Tuesday a drop in the number of German tourists visiting Greece in November 2011, which resulted in a 12.5 percent fall in German tourism compared to November 2010. Receipts from German visitors recorded...