Greece
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Dimitris MArdas

House Speaker Konstantopoulou Insists Greece Should Default

House Speaker Zoe Konstantopoulou said that Greece should default on its sovereign debt payments while indirectly accusing the prime minister and certain cabinet members for not utilizing the findings of her committee on the debt. The Parliament President gave a...

Greek Deputy FinMin: 'Latest Measures Will Help Tackle Problems Due to Capital Controls'

The recent batch of measures taken by Greece's government will, to a large extent, solve the problems faced by businesses due to the imposition of capital controls, Deputy Finance Minister Dimitris Mardas said on Sunday. Appearing on Greek TV, Mardas said that the...

Greek Govt to Ease Capital Controls on Businesses

In a meeting on Friday, the Bank of Greece (BoG) along with Greek government representatives agreed to give businesses a breath of air. Many imports to Greece have been held up as Greek businesses have been unable to pay them due...

Greek Depositors Entitled to Withdraw €420 Each Week Beginning Monday

After Deputy Finance Minister Dimitiris Mardas announced that banks will open on Monday, the Greek government issued a Legislative Content Act that delineates the new rules and restrictions for capital controls. Though the daily withdrawal limit will remain at 60 euros per...

Greek Deputy FinMin: Banks Will Reopen on Monday

Greek Deputy Finance Minister Dimitris Mardas said on Friday that all banks will open on Monday, offering a wide range of services, although a 60-euro daily cash restriction will remain. In a radio interview, Mardas said that banks will be able to...

Third Bank Holiday Keeps Greek Banks Closed Until Monday – ECB Maintains ELA Levels

After the Greek government had promised that banks would open on Tuesday, July 7, a second bank holiday extension was officially announced on Wednesday and the European Central Bank (ECB) will keep the Emergency Liquidity Assistance (ELA) to Greece at the...

Greek Bank Holiday Extended Until July 8

Greek banks will be closed until Wednesday, July 8, after a meeting among Greece's banks and the Greek Finance Ministry led to the decision to extend the capital controls that have been imposed since June 28. The decision comes before Monday's European Central...

Hellenic Bank Association President: 'ATMs Will Operate Normally Until Monday'

The meeting between Greek Finance Minister Yanis Varoufakis, government Vice President Yiannis Dragasakis, Deputy Finance Minister Dimitris Mardas and Greece's bankers was completed. The meeting was attended by National Bank of Greece Chair Luka Katseli and Chief Executive Leonidas Fragiadakis, Nikos Karamouzis and...

Greek Public Sector Pensioners Reach Almost Half a Million in 2014

The number of public sector pensioners reached 468,422 in 2014 and cost almost 6 billion euros, while 55.176 were added in the past five years, according to figures given by the General Accounting Office. The figures were presented to the...

Greece to Adopt International Public Sector Accounting Standards

Greece’s Finance Ministry announced on Tuesday it will set up working groups to implement International Accounting Standards for the public sector and reform financial legislation. According to the Ministry, the decision by Greek Alternate Finance Minister Dimitris Mardas aims...