recapitalization

Former Bank of Greece governor George Provopoulos spoke to the Greek Parliament's executive committee regarding loans taken by political parties and the media in Greece. He referred to unsound political choices following the 2010 bailout that led to the GDP...

The easing of capital controls is so that people who keep their money at home would deposit them to banks, said Bank of Greece governor Yiannis Stournaras. The BoG chief spoke to German financial newspaper Handelsblatt saying that the withdrawal...

Members of the Hellenic Financial Stability Fund have tendered their resignation to be made effective on July 18, 2016. The decision was made so as to ease the future choices concerning the role that the HFSF will play in...

Greek Finance Minister Euclid Tsakalotos reportedly sent a letter to his Eurozone counterparts, ahead of a Eurogroup meeting on Monday, warning that it is not possible for contingency measures worth 3.6 billion euros to be imposed. The letter, exposed by...

The completion of the second batch of prior actions along with the successful implementation of the first batch and the recapitalization of the banks constitute "significant steps for restoring the credibility and confidence," EU Commission Annika Breidthardt said on...

"Despite any difficulties, the new recapitalization of the banks was conducted in order to safeguard, in the best possible way, the interests of the Greek state," Prime Minister Alexis Tsipras stressed on Friday, addressing the Greek Parliament. Tsipras rejected...

The European Stability Mechanism (ESM) board of directors decided to release 2.71 billion euros to Greece to recapitalize the National Bank of Greece,  on Tuesday. This amount will be subtracted from the funds designated to cover potential resolution and recapitalization costs of...

Greek bank deposits are no longer at risk of a “haircut,” the European Commission's mission chief to Greece Declan Costello said on Monday during a speech at an annual business forum in Athens. Speaking at “The Greek economy” conference, Costello...

The European Stability Mechanism's (ESM) Board of Directors authorized the disbursement of 2 billion euros to Greece, following the country’s completion of the first set of prior actions as demanded by creditors. In the ESM's announcement it is mentioned...

"It is a good day today," European Commissioner for Financial Affairs Pierre Moscovici said in reference to the agreement Greece and creditors reached on Tuesday. "I am happy to confirm that agreement has been reached on the remaining measures needed...