Greek currency

Under normal circumstances, media across the globe would be reporting about the start of talks between Greece and its international creditors regarding the third bailout package. However, Yanis Varoufakis’ scandal is dominating the field. It was revealed on Sunday, that the former Greek...

The Greek Finance Ministry dismissed a recent news article, which claimed that the government was preparing to pay state pensions with IOUs. The Greek newspaper Kathimerini, noted that Greece’s General Accounting Office was preparing to issue a second currency (IOUs),...

The resounding "No" in the Greek referendum on Sunday leaves the Greek banking systems and the Greek government in a bind. Without an extension of the ELA (Emergency Liquidity Assistance) by the ECB and despite the stringent capital controls, the...

The International Monetary Fund (IMF) estimates that Greece’s exit from the Eurozone would be “manageable,” although in such a case several measures would have to be put in place in order to ensure the protection of “vulnerable countries,” such...

The finance director of Fraport, a German airports management company, expressed his optimism that the new Greek government will respect the 1.4 billion dollar agreement regarding 14 regional airports in Greece. In an interview with the German business newspaper Boersen-Zeitung,...

Custom authorities in Cyprus confiscated half a million euros from a Greek businessman who attempted to fly the money back to Greece when Cypriot banks refused to let him deposit it. Reuters reports that the businessman had arrived in the...

Saying they would no longer put up with being told what to do and to keep imposing pay cuts, tax hikes, slashed pensions and seizing bank accounts so that foreign bankers putting up bailout loans could be paid back,...