Greek Banks

Major Greek banks rebounded today after yesterday's almost catastrophic sell-offs. Greek bank stocks rebounded as the new government made an effort to downplay the prospect of an imminent standoff with Greece's EU/IMF creditors. Ministers of Greece's new anti-bailout cabinet led by...

"Since Sunday evening Greece is a country with its own proposals. We understand that the other countries also have their own suggestions, their own parliaments and we talk about dialogue, not mutual blackmailing," government Vice President Giannis Dragasakis underlined...

Greek banks are facing a serious liquidity problem as in the first three days of the week, depositors withdrew a total of 4.2 billion euros. A week ago, the four major Greek banks had proactively asked for Emergency Liquidity Assistance...

Greece’s four biggest banks' request to use the European Central Bank's (ECB) Emergency Liquidity Assistance (ELA) has been approved for two weeks, according to reports. Any extension of the mechanism can be repeated in 15 days, during the next session of...

To the Greek banking system ended up more than 90% of the bailout loans given to Greece, while less than 10% ended in those really in need; the people of Greece, Italian newspaper La Repubblica argued in a direct...

Greek banks raised their dependence from European Central Bank’s funding mechanisms by 11 billion euros in December, but overall they cut their borrowing from ECB and ELA in 2014, compared with 2013. A report by the Bank of Greece ,...

Greece's Finance Minister Gikas Hardouvelis warned that the country's economy could suffer a significant drop back into recession if the Greek bailout program review remains stalled. In an interview with the Sunday edition of Greek newspaper "Kathimerini," Hardouvelis pointed...

The speculation of a possible Grexit, which lately dominates the Greek public sphere, ruled out European Central Bank (ECB) executive board member Benoit Coeure in an interview with the Irish Times. Coeure characterized such scenarios as "unreasonable and unrealistic." When...

Moody's ratings agency estimates that the January 25 snap elections in Greece, which create political uncertainty, will have a negative effect on Greek banks. "The political uncertainty regarding the Greek government and the consequent resurgence of rumors about a possible...

The European Central Bank came to a decision during the last Board of Directors meeting, on January 7, in regards to Greece. According to ECB, the new Greek government must implement its commitments and come to an agreement with...