Greek banking system

Hellenic Bank Association president and National Bank's chief Luca Katseli said in an interview with Kathimerini newspaper, on Sunday, that the possibility of a deposits haircut and a new banks recapitalization is out of the question. "Greek systemic banks just came out...

The risk of a Greek default has not disappeared yet, according to a Standard & Poor's new report. According to the analysis, the political reactions to the painful third Greek bailout program is the number one risk that the...

Eurogroup's decision of no haircut on the bank deposits is an important step of confidence-building towards the Greek banking system as well as the immediate disbursement of 10 billion euros for the banks' recapitalization, estimated the president of the...

Greeks have been unable to make any transactions with countries abroad, due to the capital controls and banking system restrictions. Therefore, access to several services have been limited. Apple’s iCloud falls into this category, due to the fact that many...

Governor of the Bank of Greece Giorgos Provopoulos argued in a Wall Street Journal article Monday that the implemented reforms in Greece have produced results, while underlining that the biggest challenges for the country are complacency and reform fatigue. In...

The Financial Times published another article concerning the Greek economy stressing the fact that Greek banks are in need of a 20 billion dollar capital, even though the IMF denied it yesterday and spoke of a 5.5 billion recapitalization. This...