FRANKFURT: Four major Greek banks would have a capital shortfall of up to 14.4 billion euros ($15.8 billion) if the economy took a turn for the worse, warns European Central Bank (ECB) on Saturday.
And the ECB said it had given the four banks concerned – Alpha Bank, Eurobank, NBG and Piraeus Bank – until November 6 to submit plans explaining how they intend to make up that shortfall.
Senior Fitch Ratings officials have expressed their optimism in comments to Kathimerini about Greece’s fundamentals in 2020, just a few...
The real estate market in Greece’s largest cities recorded an impressive increase in the price of sales and rentals in...
Greece has been reluctant to use the Huawei Fifth Generation (5G) telecommunications network, although pilot programs have already taken place...
The Greek economy is projected to grow by 2.1 percent in 2020 and 2.0 percent in 2021, after experiencing a...
