AFPGreek banks strain for cashCNNMoneyBy Chris Isidore @CNNMoney May 18, 2012: 4:59 AM ET Bank customers in Greece, lining up recently at an ATM, have made widespread withdrawals of cash. NEW YORK (CNNMoney) — The Greek financial system is straining h…
Economists warned that the Greek financial system could crumble within weeks or days unless the European Central Bank steps up support. President Karolos Papoulias told…
Talk of a run on Greek deposits, and some banks being cut off from European Central Bank (ECB) support, have added a fresh twist to…
(Reuters) – The European Central Bank has stopped providing liquidity to some Greek banks… The news sent the euro lower against the dollar, fanning concerns…
Moneycontrol.comUS STOCKS-Wall St falls on euro zone concernsReuters* Trading volatile after news on Greek banks, ECB * Fed minutes leave open stimulus possibility * US housing, production data point to recovering economy * Dow up 0.03 pct, S&P off…
Moneycontrol.comShares ease as Greek uncertainty saps risk appetiteReutersBy Chikako Mogi | TOKYO (Reuters) – Asian shares fell on Wednesday after Greece failed to form a government, setting the stage for a June election that could raise the risk of At…
Limassol, September 23, 2011 — Moody’s Investors Service today downgraded the long-term deposit and senior debt ratings of eight rated Greek banks by two notches. National Bank of Greece SA (NBG), EFG Eurobank Ergasias SA (Eurobank), Alpha Bank AE (Al…
Saturday, September 10, 2011
Greece Update
by CalculatedRisk on 9/10/2011 06:25:00 PM
There was a rumor on Friday that Greece would default this weekend. That seems very unlikely, although Greece is running out of time. Also there are quite a few pro…
