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Greece Banking News. Service for global professionals. Constantly updated news and information about Greece.
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  • Invited to Teheran following his Damascus trip Hariri working to consolidate entente 28 Dec 2009 15:31 GMT
    ... The Iranian minister with Hezballah secretary-general Hassan Nasrallah Observers ... he went to Raboué to meet with Greek Catholic Patriarch Gregory III Lahham, then Ashrafieh ... central bank’s policy of closely supervising the banking sector, which had spared Lebanon from the ...

  • ~ Superbrands Honours India's Strongest Consumer Brands ~ 28 Dec 2009 15:00 GMT
    ... FMCG, Hero Cycles in Auto, HSBC in Banking, The Taj in Hospitality and Kingfisher Airlines ... Australia, Brazil, China, Denmark, Egypt, France, Germany, Greece, Hong Kong, Hungary, India, Indonesia, Ireland, Italy, ...

  • Failing at bailing 28 Dec 2009 12:53 GMT
    ... economy. They are invested or deposited in banks - which then lend them out to others to ... to economic growth, then Germany, Spain and Greece would be wealthier than America, instead of stagnating ...

  • Spain, the leader in the new 'misery index,' has lots of company 28 Dec 2009 12:32 GMT
    ... the highest misery indexes were Hungary and Greece, at 15.1, or just more than half ... 2007. Ireland, which also had a growing banking system and seemed to have positioned itself as ...

  • Commodities, equities ride high on risk taking 28 Dec 2009 12:31 GMT
    ... markets over the Thanksgiving Day holiday. Now, Greece has been called on the carpet over concerns ... you’re bound to create more bubbles. Central banks and governments have flooded the system with liquidity ...

  • Concerns grow over sovereign debt risk 28 Dec 2009 12:22 GMT
    ... auditors following financial woes in Dubai and Greece. After two years of worrying about mortgage ... concerns this year is minimal as only banks with exposure to s $22bn debt restructuring ... crisis. John Hitchins, a partner specialising in banking and capital markets at PwC, said sovereign ...

  • European stocks push to 15-month highs 28 Dec 2009 12:22 GMT
    ... Published: December 28 2009 10:33 | Last updated: ... Paris climbed 0.7 per cent to 3,941.51. Greek stocks also managed to find some prominence on ... refinance debt and cut deficits. The country’s banks, which were absolved of blame for the ...

  • Crystal ball gazing, 2010 edition 28 Dec 2009 11:42 GMT
    ... credit is still not flowing normally between banks and borrowers. Those factors, along with a ... Last week, Moody's lowered its rating on Greece, marking the third downgrade of the country ... Charles Dallara, managing director of private sector banking group the Institute of International Finance, said ...

  • 2010 Pairs Trade: U.S. vs. Emerging Markets 28 Dec 2009 11:41 GMT
    ... stocks. Going long US Bank and shorting (Banking ETF) is far less risky than going long ... as default of Dubai and downgrade of Greece has caused a flight to quality and ...

  • EU to Solve Financial Fiasco Alone 28 Dec 2009 11:10 GMT
    ... Beleaguered Greece is one of 16 European Union member ... euro zone. A growing roster of central bankers and politicians are opposed to the idea ... about the credibility of the debtor, the Greek state. Meanwhile, the research service of the ...

  • The current bull market in gold is far from over. In fact it is only beginning. 28 Dec 2009 09:44 GMT
    ... Fund (IMF) as well as most central banks around the world tried to sell as ... gold was around $275. And, as these bankers disposed of their gold holdings, the bullion ... Ireland, Spain, the UK in addition to Greece and Dubai. And despite the fact the investors ...

  • Olive Growers' Claims Prompt Investigation (Today) 28 Dec 2009 09:15 GMT
    ... part of life on Crete since the Greek goddess Athena was credited with growing the first ... to local politicians or economic institutions like banks. In Crete, where olive trees are everywhere ... his statement from the Agricultural Bank of Greece for December 2005. On Dec. 28, he ...

  • Weekly Market Notes: Hello Santa Claus Rally 28 Dec 2009 08:49 GMT
    ... Bankers and regulators have not come anywhere close ... prints paper with reckless abandon? Because the banks are hoarding that capital to repair their ... my last note I discussed issues with Greece, Dubai World (I know, it’s technically not ...

  • Gold undervalued 28 Dec 2009 08:47 GMT
    ... Jeffrey Nichols expects it to go to $1 ... loss of purchasing power. The downgrading of Greek government debt by rating agencies - and market ... when a growing number of foreign central banks (in China, India, Russia, and elsewhere) are ...

  • GREECE - Factors to Watch on Dec 28 28 Dec 2009 08:30 GMT
    ... press reports and events which may affect Greek financial markets on Monday: GREECE TO BORROW ABOUT 54 BLN EUR IN ... DEFICITS MUST BE CUT FROM 2011 LATEST-TRICHET Banks must provide sufficient credit and governments in ...


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Quote of the Day

"He has now shifted from a pro-Bush position to an anti-Obama position."
— Jean-Christophe Cambadélis, international affairs spokesman for the opposition Socialists, on French President Nicolas Sarkozy's approach to U.S. President Obama

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