Bank of Greece Nixes “Bad Bank”

- July 22, 2014

With bad loans in Greece more than 35 percent of bank holdings, the Bank of Greece has nevertheless said it opposes the idea of a single so-called “bad bank,” that would gather up all of them to determine who could pay, as government-imposed austerity measures have left many Greeks unable to afford their debts.

Greek Worker Firings Will Go On

- July 17, 2014

Greece will continue with worker layoffs and firings as part of its deal with international lenders, Administrative Reform Minister Kyriakos Mitsotakis said.