Restructuring
Greece
Alpha Bank Sheds 21% of Staff Via Voluntary Exit Plan
Greece's fourth-biggest bank, Alpha Bank, announced on Monday that approximately 21% of its 10,000 employees will enter a voluntary exit plan that was launched last month, aiming to cut costs.
Alpha Bank's target is to cut 15% to 20% of its workforce in order to...
Greece
Cheaper Public Transport Tickets as of September 1st
Citizens of metropolitan areas will be paying less for public transportation as of Monday, September 1st.
Single tickets will be 1.20 euros instead of 1.40 but they will be valid for 70 minutes instead of 90.
The 20 euro monthly pass...
Economy
European Commission Clears Restructuring Plans of NBG & Piraeus Bank
The European Commission announced on Wednesday that it has found the restructuring plans of the National Bank of Greece (NBG) and Piraeus Bank - including the integration of several Greek banks - to be in line with EU state...
Economy
WSJ: Greek Debt Restructuring More Likely After Breakdown In Talks
Debt Restructuring, 'sees' the "Wall Street Journal", after the interruption of discussions of Greek government with the Troika. In her extensive current publication it reports:
The breakdown in Greek debt talks on Friday increases the likelihood that Athens's sovereign debt...