German Economist Proposes Solutions for Greek Debt

The German economist and former member of the European Commission’s Task Force for Greece, Jens Bastian proposes an international summit for the Greek debt,...

Bundesbank Chief Dismisses Speculation over New Greek Haircut

Jens Weidman, chairman of the Bundesbank and board member of the European Central Bank (ECB), made it crystal clear that there is no possibility...

Bundesbank: Capital Tax First, Then Rescue

The latest financial report published by the German Federal Bank, “Bundesbank” argues that countries on the verge of bankruptcy should ensure the necessary funding...

Greek Ecomony Needs Another Two-Three Years

The time hasn’t come yet for Greece to open itself to markets, supports the economist Anastassios Frangulidis. "An exit path however is visible and...

Greek Mythology Figure Featured on New €10 Banknote

Today was the unveiling of the new 10€ banknote that will start circulating later this year. As the ECB stated earlier today, the new banknote will...

Greece ’s Eurobank Posts EUR 40 mln Loss in Romania in 2013

Greek lender Eurobank, the majority shareholder in Romanian bank Bancpost, recorded a loss of EUR 40.2 million in Romania in 2013, according to the...

Greeks Invest in Albania

According to the Greek Embassy in Tirana, Greece ranked first in Foreign Direct Investment stock. According to statistics acquired from the Central Bank of Albania,...

Greece’s Banking Ambitions in Turkey Fading Away

The construction of the 303-million-euro ($383 million) glass diamond-shaped skyscraper in the heart of Istanbul, Turkey,  is due to be completed. The pompous building...

ECB’s Asmussen Presses Cyprus Deal

A European Central Bank (ECB) Executive Board member, Jorg Asmussen, said it's critical for the stability of the Eurozone to finalize a bailout deal...

Markets Prepare for New Aid to Greece

“There is almost no private investor who could be scared of the news about a new rescue package to Greece,” Jörg Kraemer chief economist...