Greece
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Hellenic Postbank

Greece Presses Postbank Prosecution

The Greek government said it continues to crack down on corruption by arresting financial officers, businessmen and their associates in the latest scandal involving a Greek bank that provided hundreds of millions of euros in unsecured loans. The government arrested...

Greece Legalizes Political Bank Robbery

The great American convict Willie Sutton said he robbed banks “because that’s where the money is.” And, of course, he was one-upped by Al Capone who said: “You can get much farther with a smile, a kind word and...

Filippidi's Extradition Expected Next Week

All relevant documentation on Angelos Filippidis has been handed over to the Turkish prosecutor in Istanbul, thus giving the green light for the extradition of the Greek businessman who is wanted for his involvement in the Hellenic Postbank loan...

TT Scandal Fugitives Free Again

A Greek couple wanted in the Hellenic Postbank scandal and who turned themselves in to British authorities after being the subject of a worldwide hunt with the help of Interpol were released almost as soon as they surrendered on...

Hellenic Postbank Fugitives Caught in London

British authorities said that Kyriakos Griveas and his wife Anastasia Vatsika, who were subjects of a worldwide hunt and being sought with the help of Interpol as Greek officials said they had absconded with as much as 17 million...

Bad Loans Overwhelm Greek Banks

Crushed by big pay cuts, tax hikes, slashed pensions and austerity measures that have created record unemployment, deep poverty and a harsh recession, so many people can't pay what they owe that Greek banks expect bad loans will hit...

TT Bank Scandal Probe Grows

At least three prominent businessmen, who haven't been named, have reportedly been implicated in a scheme to scam the failed state-owned Hellenic Postbank out of more than 500 million euros ($677 million) in bad loans, and investigators said they've...

Poll: Vote of Confidence to Greek Justice, Yes to the Euro

A new poll carried out by Greek Statistical Service MRB Hellas for Greek news-portal newsit.gr reveals that the Greek people have faith in the judicial system and want to stay in the eurozone. The results of the poll indicate that...

Greek Banks May Need More Cash

While insisting the economy shows all the signs of recovering - as he has previously said the last several years only to be proved wrong - Bank of Greece Governor Giorgos Provopoulos issued a caveat that the country's banks...

Tsipras: 'It is Certain that we Will be the Next Government of Greece'

The president of the major opposition party, Alexis Tsipras, while addressing the plenary session of the parliamentary group of SYRIZA earlier today, underlined that his party is strongly against the policies that the Memorandum imposes on Greek society. Furthermore,...