Late-2000s financial crisis

By Alekos Lidorikis

Demand for new mortgage loans is still low in terms of quantity, but the quality of candidates is high, say competent banking officials.

By Evgenia Tzortzi

Nonperforming loans to enterprises and households in Greece peaked in the first quarter of the year, exceeding 71 billion euros. This amounted to a third of the banks’ loan portfolios, which at the end of March added up to 215.9 billion euros, according to bank data.

 PwC recommends debt write-off and shutdown of 650 ‘zombies’

By Evgenia Tzortzi

Restructuring the Greek business sector will require some 25 billion euros for the viable enterprises to stand out from the unsustainables, PricewaterhouseCoopers (PwC) estimates in a report presented on Monday in Athens.

David Goodman & Eshe Nelson

Bondholders in Europe just got a wakeup call.

The World Bank has approved a loan designed to support Albania’s efforts to reduce the impact of the global financial crisis on the local financial sector.

Greece sold 1.3 billion euros ($1.78 billion) of three-month treasury bills on Tuesday to roll over a maturing issue, the country's debt agency PDMA said.

European Commission President Jose Manuel Barroso spoke to Antonis Samaras and Evangelos Venizelos in private in November 2011 and encouraged them to block George Papandreou’s proposal for a referendum on Greece’s euro membership, a Financial Times report claimed on Monday.

The board of the International Monetary Fund, one of Greece’s three international creditors, is to convene before the end of this month as planned to approve the release of a 3.6-billion-euro tranche of pending rescue funding, the Finance Ministry said in a statement on Saturday, rejecting press reports suggesting the meeting would be delayed.

By Svea Herbst-Bayliss

Gains in Greek banks' shares gave billionaire investor John Paulson's $3.2 billion Recovery Funds a lift during the first quarter, and future returns are expected to keep climbing as the housing and real estate markets continue to recover.

 Alogoskoufis law of 2008 not only supported the credit sector but has also been boosting budget revenues

By Yiannis Papadoyiannis & Sotiris Nikas