Moody’s Revises Downwards the Long-Term Outlook of Five Greek Banks

ATHENS – Moody's on Tuesday revised the long-term outlook of five Greek banks (Alpha Bank, Attica Bank, National Bank, Pancreta Cooperative Bank and Piraeus Bank) to stable from positive and confirmed the credit rating of all five banks. In an announcement, the credit rating agency said the basic reason for the change in outllook was that it expected a delay in implementing the banks' strategic plans to further improve the quality of their assets and their profitability in 2020-2021 because of the repercussions of the coronavirus pandemic on the Greek economy.

Moody's said that a slowdown of economic activity will not only negatively affect the already weak profits of Greek banks but will significantly affect their ability to reduce their non-performing exposures (NPEs). Moody's said it expected Greek GDP to contract by around 5.0 pct this year and to recover by a 4.0 pct growth rate in 2021.


ATHENS - With the economy accelerating, Greece plans to make an early repayment of 8 billion euros ($8.

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A pregnant woman was driving in the HOV lane near Dallas.

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NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.


1 of 2 Abducted Louisiana Children is Found Dead in Mississippi after Their Mother is Killed

JACKSON, Miss. (AP) — A Louisiana woman was found dead in her home Thursday, and her two young daughters were abducted and found hours later in Mississippi — one dead and the other alive, police said.

Today, I will talk about a food that I associate with summer, shellfish, as that is their ‘season’ in the Mediterranean.

THRU AUGUST 4 STOCKBRIDGE, MA – ‘Microcosms: A Solo Exhibition of Selected Works’ by Peter D.

LONDON - A second generation Greek-Cypriot in London, Georgina Hayden has used her heritage to write cookbooks showing off recipes from her homeland and her latest, Greekish, offers everything from Baklava cheesecake to Burnt Butter Eggs and Goat’s Cheese.

The two biggest wastes of time this election year are reminders that Joe Biden’s cognitive skills are in freefall and that Donald Trump’s a convicted felon.

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