Gazprom is squeezing Athens for better terms to buy DEPA, Greece's sole retail gas distributor, a Greek official said, as the Russian gas export monopoly leverages its strength position as the only major player in the running.
Last Friday, the Global X FTSE Greece 20 ETF (NYSE: GREK) surged over five percent on volume that was nearly six times the daily average. Much of that move can be attributed to the 19.5 percent gain by National Bank of Greece (NYSE: NBG), the...
The Hellenic Financial Stability Fund (HFSF), Greece's bank rescue fund, is planning to offload two of its non-systemic small lenders namely, Hellenic Postbank and Proton Bank, in the middle of July this year.
Greece's bank rescue fund will aim to sell Hellenic Postbank and Proton by mid-July with big banks continuing to absorb small lenders as part of plans to revive the battered sector, the country's foreign lenders said in an inspection review.