Greek Crisis

Greece's Alpha Bank says it has made an offer to French lender Credit Agricole to buy its Greek subsidiary, Emporiki Bank. A statement from Alpha Bank Tuesday said it had made an offer to buy all the shares in Emporiki...

Greece's current plight is a bitter one. The country is one step away from leaving the euro, its economy and society are in decline, thousands of firms are shutting down and more than half of its young people are out...

Greece on Monday said it was reviving efforts to conclude an accord with Switzerland in order to tax Greek bank account holders there, as central bank data showed a large outflow of deposits abroad. "The Swiss government has been asked...

Representatives of the European Commission, the ECB and the IMF, the so-called troika, will remain in Greece for as long as needed in order to determine the 11.6 billion euro worth of consolidation measures needed over the next three...

The EU Commission gave its temporary green light to the recapitalization of the main Greek banks - Alpha Bank, EFG Eurobank, Piaeus Bank and National Bank of Greece - through the Hellenic financial stability fund. "Greek banks are currently operating...

ATHENS – After stiffing private investors for 74 percent losses earlier this year on their holdings in Greek bonds, Greece may also give a so-called “haircut” of 30 percent losses to the European Central Bank (ECB) and the 16...

International auditors monitoring Greece's compliance with its EU-IMF rescue programme would have failed their own evaluation, the leading Greek union said on Friday. "Their programme has destroyed us, pushing the Greek economy into recession," said Yiannis Panagopoulos, head of private...

ATHENS – European Commission President Jose Manuel Barroso, in his first visit to Greece in three years, told new Prime Minister Antonis Samaras that international lenders want results in implementing more reforms if the country wants to keep rescue...

Greece appointed a former banker to run its privatization agency on Wednesday in a bid to breathe life into the stumbling programme of asset sales that are a key condition of the international bailouts keeping the country afloat. The government...

European Commission Vice President Joaquin Almunia said European countries should stand ready to support Greece, giving the country more financial assistance if needed. In an interview with Dow Jones Tuesday evening, Mr. Almunia said provided Greece had honored its pledges...