national bank of greece
Economy
Greek Banks Could Nix Loans to Ship Owners
ATHENS – Greece’s shipping industry, which pays no income taxes to its homeland, may find it difficult to get more financing from Greek banks because of the economic crisis that has created a deep recession and has threatened to...
Economy
Greece Wants Turkish Companies to Buy Properties and Assets
ISTANBUL – Desperate to find buyers of its assets and holdings to satisfy international lenders, Greece is turning to its neighbor and often-time enemy Turkey to find investors amid fears of a bargain basement fire sale that will bring...
Economy
Benefits for Greek Jobless Will be Slashed Too
ATHENS – Greece’s 1,033,507 unemployed – and counting – will have their monthly benefits cut by 22 percent, dropping their only source of income during the economic crisis from $604.89 to $471.89, to keep pace with a similar cut...
Economy
Greece’s Lost Generation: 51.5% Out of Work
ATHENS – Austerity measures imposed by international lenders in return for bailouts to keep the country from defaulting are taking their toll on Greek workers, with 21 percent now out of work – and 51.5 percent of those under...
Economy
National Bank Raises 1 bn Euros
Greece's leading lender National Bank said Monday that it has increased its capital by one billion euros, boosting its defences ahead of a controversial write-down of government bonds.
NBG said that a sale of preference shares to the government brought...
Economy
First Quarter 2012 Critical for Greece's Stay in Euro
Greece will either lower its standard of living, or it will exit the euro and turn decades back, chairman of the Association of Greek Banks and president of the National Bank of Greece (NBG) president Vassilis Rapanos said on...
Economy
Greek Jobless Rate Hits 18.4% as Economy Tanks
ATHENS – As Greece waited on a new coalition government needed to keep international loans coming and prevent the country’s bankruptcy, the austerity measures that go along with them have driven the unemployment rate to 18.4%.
That came as hundreds...
Economy
Scandalized Proton Bank Gets Nationalized
ATHENS - The National Bank of Greece has moved to take over Proton Bank, a small lender that is under investigation for possible violation of the country's money-laundering laws and embezzlement. NBG said it had it activated a bank...