Latest News from Greece

Bloomberg: Bulgaria More at Risk from Grexit Contagion

Published by Novinite on Tue, 05/12/2015 - 11:42

Bulgaria is potentially exposed to a Grexit contagion more than its neighbors in Southeast Europe, a Morgan Stanley report argues.

"While the direct economic impact of a Grexit looks manageable, we think that the banks are by far the most serious potential channel of contagion," Morgan Stanley Research analysts are quoted as saying, in a Bloomberg article authored by Slav Okov.

Greece fends off ECB reckoning with European progress report

Published by Kathimerini on Tue, 05/12/2015 - 11:20

Greece handed the European Central Bank an excuse to maintain the life support for its financial system by persuading its skeptical German-led creditors it?s serious about delivering the policies needed to escape a default.

Greece to face cash crunch in 'couple of weeks,' says FinMin

Published by Kathimerini on Tue, 05/12/2015 - 10:47

Greek Finance Minister Yanis Varoufakis warned Monday that his debt-wracked country would face a cash crunch within two weeks, and was in an urgent need of the last tranche of rescue funds from its 240-billion-euro bailout.

Greece gathers 600 mln euros of local government money

Published by Kathimerini on Tue, 05/12/2015 - 10:30

Greece has gathered 600 million euros ($673.56 million) of local government and other public entity money as a result of a recent legislative act to help it deal with a cash crunch, the government's spokesman said on Tuesday.

Welcome to Open House Athens! Take a sneak peak (photos)

Published by Protothema on Tue, 05/12/2015 - 09:17

Open House Athens takes place from May 16-17 giving participants the chance for a sneak peak at innovative, historic and exquisitely-designed architectural gems around the capital. 70 city spots have been chosen from around Greece from commercial and cultural venues to educational institutions to private homes that guests wouldn’t ordinarily be privy to.

What next? The not-so-Radical Left Coalition examines its options

Published by Protothema on Tue, 05/12/2015 - 08:40

The Eurogroup statement on Greece was positively worded but there was restraint between the lines. The Radical Left Coalition (SYRIZA) government has now turned its attention to new initiatives so that a conclusive agreement with EU partners can be reached.

FYROM bid to bypass Athens on name spat

Published by Kathimerini on Tue, 05/12/2015 - 08:34

An attempt by Gjorge Ivanov, the president of the Former Yugoslav Republic of Macedonia, where ethnic strife reignited over the weekend, to blame Greece for the Balkan nation?s stalled efforts to join international alliances has not surprised Greek diplomats, Kathimerini understands.

Hopes pinned on ECB as cash crunch looms

Published by Protothema on Tue, 05/12/2015 - 08:07

The Eurogroup meeting on May 11 did result in a statement of progress for Greece but it was not one exulting resounding success. All eyes now turn to the European Central Bank (ECB) where it is hoped that the ECB will reinstate its waiver on Greek banks’ collatoral.

The Big Apple to the Big Olive, a hypothetical situation

Published by Protothema on Tue, 05/12/2015 - 07:12

Bloomberg points to big US companies that hold $1.73 in cash of which %1.1 trillion belongs to the 50 biggest companies according to Moody’s Investor Services. Most of the money is hoarded overseas but repatriating would subject it to a 35% US tax and spending it or even giving it back to shareholders is a pain.

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