foreign banks

Greeks had transferred abroad about 115 billion euros between late 2009 and end of June 2012 -- the first year that signs of restoration of the Greek economy appeared. According to a survey by the Bank of Greece published in...

Slowly but surely, an investigation into some 54,000 money transfers from crisis-stricken Greece to foreign banks during the economic recession has identified around 2,000 civil servants who seem to have sent money overseas – sometimes as much as 700,000 euros. Transfers...

According to Famagusta Gazette, about 20 foreign-owned banks operating in Cyprus warned that they would quit their operations on the island if the government proceeded with a new taxation of their annual turnover. The new austerity package aiming to aid...