'Surreptitious' Grexit plan not so secret after Varoufakis slip

Jul 28, 2015

'Surreptitious' Grexit plan not so secret after Varoufakis slip

Yanis Varoufakis divulged the details on how Greece could sneak out of the euro “without telling anyone” in a conference call released Monday. With a plan to secretly append a new bank account to each citizen or company’s tax number, Greek officials war-gamed the ...

Greece clears final reform hurdle before new bailout talks

Jul 23, 2015

Greece clears final reform hurdle before new bailout talks

Greece’s radical left-led government saw off another revolt by rebels in the early hours of Thursday that should pave the way for the imminent start of bailout discussions with European creditors. The reforms to the judiciary and banking systems were the final hurdle the ...

Jul 19, 2015

Greek banks to reopen Monday but cash restrictions remain

Greek banks were to reopen Monday after a forced 3-week closure but restrictions on cash withdrawals will remain. In a decree Saturday, the Greek government kept the daily cash withdrawal limit at 60 euros ($65) but added a weekly limit. For example, a depositor ...

Jul 18, 2015

Greek bank shutdown cost economy €3 billion: report

The three-week shutdown of Greek banks has cost the country’s struggling economy some €3 billion ($3.3 billion) not counting lost tourism revenue, a report said Saturday. Citing commerce groups, the Kathimerini daily said the retail trade alone had suffered a €600 million loss, with ...