Results for Greece
- Greek Banking System Needs Additional Capital
Greece's four big, systemic banks will need another €5.8 billion ($8.0 billion) to shore up their fragile balance sheets, the country's central bank said Thursday, in order to cope with a ... will need another €5.8 billion ($8.0 billion) to shore up their fragile balance sheets, the ...
Daily Headline - global.abi.org - 03/06/2014 - 22:44 - 0 comments
- Greece In Banking Sector Stand-Off With Bailout Lenders
The Greek government and its bailout lenders are locked in a new stand-off over the health of Greece’s banking sector, with Athens contending its financial system requires less than €6bn of new capital, while international monitors insist it needs at lea ...
Daily Headline - global.abi.org - 02/24/2014 - 21:41 - 0 comments
- Greece to Resume Talks With Bailout Inspectors on Monday
Greece was set to resume protracted talks with a troika of international inspectors Monday, as the government aims for a deal that would unlock a fresh tranche of aid—but without painful new cutbacks ahead of local elections this spring, The Wall Stree ...
Daily Headline - global.abi.org - 02/23/2014 - 23:19 - 0 comments
- So Many Bribes, a Greek Official Can’t Recall Them All
When Antonis Kantas, a deputy in the Defense Ministry here, spoke up against the purchase of expensive German-made tanks in 2001, a representative of the tank’s manufacturer stopped by his office to leave a satchel on his sofa. It contained 600,000 euros ...
Daily Headline - global.abi.org - 02/14/2014 - 00:17 - 0 comments
- Greece Meets Bailout Terms
Greece has met the conditions demanded of it by its international creditors and should get its promised bailout funds, central bank Governor George Provopoulos said Friday, The Wall Street Journal reported. In a speech at a London think-tank, Mr. Pro ...
Daily Headline - global.abi.org - 02/09/2014 - 22:37 - 0 comments
- Hellenic Vehicles Industry Goes Into Receivership
Greek state-owned armoured vehicle maker Hellenic Vehicles Industry S.A. (ELVO) has gone into receivership, after years of losses, following a ruling by the Thessaloniki Court of Appeals on 30 January, IHS Jane’s 360 reported. The decision follows a peti ...
Daily Headline - global.abi.org - 02/04/2014 - 23:58 - 0 comments
- MEPs Herald End To Troika, Look To Debt Restructuring
Members of a European Parliament committee investigating the role of the troika and the impact of its policies in Greece on Thursday heralded the end of an “interim” institution, to be replaced by a “more democratically accountable and transparent” inspe ...
Daily Headline - global.abi.org - 01/30/2014 - 22:18 - 0 comments
- Greece’s Weary Taxpayers Are Exhausted, Report Warns
Greece’s parliamentary budget office has warned that the country’s taxpayers are exhausted after four straight years of tax increases, reducing the government’s chances of achieving ambitious 2014 fiscal targets agreed with international creditors, the ...
Daily Headline - global.abi.org - 01/29/2014 - 23:24 - 0 comments
- U-Turn Expected On Greece’s Salary Cuts For Security Services
Greece’s highest legal body is expected to demand a reversal of salary cuts for the country’s security services imposed as part of a second €172bn international bailout in a move that could derail this year’s budget and lead to similar claims by other gr ...
Daily Headline - global.abi.org - 01/21/2014 - 23:35 - 0 comments
- Yannis Stournaras Urges ‘Troika’ To Ease Demands On Greece
Greece’s finance minister says his government’s shrinking parliamentary majority has made it increasingly difficult to pass tough economic reform measures and called on the “troika” of international bailout lenders to be more realistic in its demands of ...
Daily Headline - global.abi.org - 01/10/2014 - 00:16 - 0 comments