Greek banks 'cannot afford' no deal: Eurobank chief"The Greek banking system cannot afford, cannot continue the current situation of every day losing hundreds of millions of euros by deposit...
22 Jun, 2015, 10.53 PM IST
- More downgrades on cards for EU, predicts Moody's
Europe's monetary union and Spain's need for financial support to capitalise its banks may trigger additional credit-rating downgrades.
11 Jun, 2012, 05.08 AM IST
- Greek central bank warns of possible Eurozone exit
Greece's central bank today said the country was facing the possibility of an disorderly exit from the eurozone.
23 Nov, 2011, 08.40 PM IST
- Greek PM scraps referendum on Greek debt plan
Officials say the referendum idea has now been scrapped, after the opposition indicated they backed the new bailout deal to cut Greece's de...
03 Nov, 2011, 10.31 PM IST
- ET in the Classroom: What the Greek crisis means to the world
No one can quantify the damage to the world if Greece is allowed to sink. But few are willing to risk it either.
26 Sep, 2011, 02.17 AM IST
- Greece on edge of biggest sovereign default 24 centuries after first insolvency
But no Apollo in sight this time to rescue the country from $483-billion debt and stop contagion in other economies.
24 Sep, 2011, 12.58 PM IST
- Eurozone debt crisis: Greece may default, says Dutch central bank chief
The comments are unusual because they come from a member of ECB's governing council. The bank has insisted Greece must stick to its bailout...
23 Sep, 2011, 02.06 PM IST
- Citi has $22bn exposure to debt-hit EU
Banking major Citigroup has exposure of at least $22 billion to five European nations–Greece, Ireland, Portugal, Spain and Italy–grappling ...
18 Jul, 2011, 04.07 AM IST
- Citi has $22 bn exposure to five crisis-hit European nations
Citigroup has exposure of at least USD 22 bn to 5 five European nations - Greece, Ireland, Portugal, Spain, Italy -- which are grappling wi...
17 Jul, 2011, 06.57 PM IST
- EU postpones decision on rescue package for Greece
European Union has postponed a decision on a second multi-billion euro rescue package for the debt-ridden nation at least until mid-July.
17 Jun, 2011, 12.43 PM IST
- IMF to rescue Greece with a 2nd multi-bn Euro bailout
The European Union and the International Monetary Fund (IMF) will rescue debt-laden Greece from bankruptcy with a second multi-billion euro...
15 Jun, 2011, 06.29 PM IST
- ECB rejects Greek debt revamp in policy clash
European Central Bank officials ruled out a Greek debt restructuring, clashing with political leaders over a solution to the sovereign fina...
19 May, 2011, 01.41 AM IST
- Greek banks under pressure to merge
Mergers may help banks cut costs, strengthen balance sheets and provide better access to capital markets and funding opportunities.
25 Aug, 2010, 01.20 AM IST
- Greek banks will beat stress tests
Greece's finance minister has expressed confidence that Greek banks will not fare badly in stress tests being carried out on European lende...
19 Jul, 2010, 06.00 PM IST
- Euro zone under pressure as euphoria over bailout package dies
Euro dropped to 18-month low of 1.24 against dollar on fears that austerity measures might stifle economic growth. Greece crisis | Stocks: ...
15 May, 2010, 02.32 PM IST
- ECB also stands by Greece, waives collateral norms
The European Central Bank joined the international rescue of Greece, saying it would indefinitely accept the country’s debt as collateral r...
04 May, 2010, 04.17 AM IST
- Greek PM says more cuts needed for survival
Facing a dire choice of additional pain or bankruptcy, Greece on Friday heralded drastic new cuts and tax increases to win rescue loans fro...
01 May, 2010, 02.00 AM IST