Greek Markets
Greece 'ready' to absorb Cyprus bank subsidiaries
Mar 19, 2013 07:02 EDT
Athens is "ready" to absorb the subsidiaries of three Cyprus banks active in Greece, the Greek finance minister said as the eurozone sought to amend a controversial levy on the island nation's bank deposits.
Cyprus set to hike corporate tax to win EU bailout
Mar 14, 2013 06:58 EDT
After nine months of stop-start negotiations, cash-strapped Cyprus is on the verge of securing an EU bailout but analysts say it will come at a hefty price.
Greece 'directly' affected by Cyprus crisis: PM
Mar 11, 2013 11:29 EDT
Economic problems in Cyprus "directly" affect struggling Greece and the traditional allies will coordinate policies ahead of a European eurozone summit later this week, Greek Prime Minister Antonis Samaras said on Monday.
European Central Bank's profit rose in 2012
Feb 21, 2013 10:52 EST
The European Central Bank said Thursday that its net profit rose strongly last year, not least as a result of interest earned on its portfolio of sovereign bonds from crisis-ridden countries.
IMF to send mission to Greece in February
Jan 31, 2013 11:54 EST
The International Monetary Fund will send a staff mission to Greece next month to assess the country's performance under an austerity program backed by an international rescue, an IMF spokesman said Thursday.
IMF releases aid to Greece after long delay
Jan 16, 2013 18:38 EST
After lengthy delays, the International Monetary Fund unblocked part of its aid to Greece Wednesday, offering a brief respite to the recession-mired country grappling with austerity measures.
IMF releases 3.2 bn euro aid payment to Greece
Jan 16, 2013 14:02 EST
The International Monetary Fund said Wednesday it would release 3.2 billion euros ($4.3 billion) in aid to Greece that had been frozen for months amid fears about the country's ability to surmount its debt crisis.
Privatisation of Greek postal bank flops
Jan 11, 2013 07:55 EST
An attempt to privatise the Hellenic Postbank flopped on Friday without any interest in bidding, a banking source said, adding that the bank would probably have to be broken up.
Main Greek banks express interest in postal bank sale
Jan 04, 2013 14:10 EST
Greece's top three banks and a smaller one expressed interest Friday in state-controlled Hellenic Postbank, which the government is looking to sell to meet its EU-IMF bailout obligations.
Greece says needs 27.5 bn euros to recapitalise 4 biggest banks
Dec 27, 2012 13:25 EST
Greece's four biggest banks need 27.5 billion euros ($36.4 billion) in recapitalisation funds by the end of April, the national central bank said in a report released Thursday.
Top two Greek banks post nine-month losses
Dec 21, 2012 12:01 EST
Greece's biggest lender National Bank on Friday said it had posted a nine-month loss of 2.45 billion euros ($3.2 billion) while number two Alpha Bank said it had lost 711.8 million euros over the same period.
Christmas debt boons for Greece but risks remain
Dec 20, 2012 07:54 EST
Greece opened its Christmas stockings early this year with an unexpected debt rating boon and European Central Bank support but analysts warn that risks remain in the troubled nation's fragile fiscal recovery.
Greece's Eurobank posts one-billion-euro loss in Q3
Dec 20, 2012 03:20 EST
Greece's third-largest lender Eurobank on Thursday reported a net loss of 1.095 billion euros ($1.44 billion) over the first nine months of 2012, after writing off six billion euros to help the country reduce its sovereign debt.
European stocks climb in 'Santa' rally
Dec 19, 2012 10:04 EST
European equities climbed Wednesday in a "Santa" rally that was driven by hopes of a breakthrough deal to avoid the US "fiscal cliff," and after news of rebounding German business confidence, dealers said.
S&P lifts Greece from selective default rating
Dec 18, 2012 16:13 EST
Ratings agency Standard and Poor's raised Greece's sovereign debt rating by six notches on Tuesday encouraged by a burst of support for Athens from eurozone partners.
Europe shares fall as markets digest US, EU news
Dec 13, 2012 10:16 EST
Europe's main stock markets slid on Thursday as investors digested new US Federal Reserve monetary easing and a long-awaited EU deal to give the European Central Bank (ECB) supervisory powers over the banking sector.
Greece to get 34 bn euros from EU 'next week'
Dec 13, 2012 09:57 EST
Much-needed rescue funds for Athens "will be flowing to Greece as early as next week," the head of the Eurogroup Jean-Claude Juncker said on Thursday.
Eurozone finally releases rescue funds for Greece
Dec 13, 2012 07:43 EST
Much-needed rescue funds for Athens "will be flowing to Greece as early as next week," the head of the Eurogroup Jean-Claude Juncker said on Thursday.
European equities rise on Fed stimulus hopes
Dec 12, 2012 13:21 EST
European stocks rose Wednesday on hopes that the Federal Reserve would announce more stimulus measures, while investors digested the news that a Greek debt buy-back scheme designed to release much needed EU-IMF bailout funds appears to have progressed smoothly.
Greece receives 31.9 bn euros debt buyback bids
Dec 12, 2012 07:51 EST
Greece said on Wednesday it had attracted offers worth 31.9 billion euros ($41.2 billion) under a debt buy-back scheme tied to the release of EU-IMF bailout funds needed to avert bankruptcy.
