Bailout

Demand for a 20% stake in Greece's National Bank (NBG) held by the country's bank bailout fund was covered by more than six times on Tuesday, in the first day of a book-building process which ends later this week, a source with knowledge of the matter told Reuters.

"Demand covered 6.2 times the shares offered," the source involved in the process said on condition of anonymity.

Whether in recession or growth, or with bailouts and pandemics, thousands of professionals and single-owner companies declare zero profits or losses for years: About 36.4% of sole proprietorships and 27.8% of professionals have declared zero profits or losses for at least five years.

Five years after the end of Greece's bailout adventure and one after the country's emergence from the special regime of enhanced supervision, the government that will emerge from the elections is called to respond to new challenges: removing the last signs of financial crisis, regaining investment grade for Greek bonds, and promoting a new production model in the country, more competitive and e

A man with his dog casts his vote at a polling station in Athens. Greeks were voting Sunday in the first election since their country's economy ceased to be subject to strict supervision and control by international lenders who had provided bailout funds during its nearly decade-long financial crisis. [AP]

Italy's Prime Minister Giorgia Meloni has said the International Monetary Fund should take a "pragmatic" approach to a bailout for Tunisia, in comments to other G7 leadersin Japan.

The North African country reached a deal in principle with the IMF in October for nearly $2 billion to shore up its troubled economy, but discussions have since stalled.

For the first time in more than a decade, Greeks will go to the polls Sunday to elect a leader no longer confined to steering the country's economy from a back seat.

Conservative Prime Minister Kyriakos Mitsotakis is seeking a second term after a draconian regime of spending controls ordered by international bailout lenders ended last summer.

Sri Lanka must not allow entrenched corruption to undermine a bailout for its bankrupt economy, the International Monetary Fund (IMF) said yesterday after signing off on a $3 billion loan for the crisis-hit nation.

The IMF approved its long-delayed rescue program on March 20 after China, the South Asian nation's biggest bilateral lender, offered debt relief assurances.

Maybe it was not necessary for the Silicon Valley Bank and Credit Suisse debacles to come along for the winds of uncertainty to blow in the global economy.

They had already been stirred by the war in Ukraine, the energy crisis, and a rise in inflation in the eurozone.

In a landmark ruling Slovenia's top court has abrogated a law that required the Slovenian central bank to compensate those who lost their investments during the banking sector bailout of 2013, when roughly tens of thousands of holders of shares and junior bonds were completely wiped out.

Christos Staikouras was named Finance Minister of the Year 2023 for Europe by The Banker magazine of the Financial Times group, whose awards celebrate the officials that have best managed to stimulate growth and stabilize their economy.