- Reuters•2 months ago
Greece's latest austerity measures are choking off one of its few sources of local private investment, the funds management industry, thanks to massive tax hikes buried in 7,500 pages of financial reforms approved by the parliament last month. One listed Greek fund has frozen a 300 million euro ($340 million) investment plan, and another has put a share issue of at least 250 million euros under review, since the hikes were passed -- a footnote in a reform package that appeased the government's European creditors and avoided another cash crunch. The country's 7 billion euro ($8 billion) funds industry, though small, is a potentially important vehicle for much-needed investment in the shattered economy, helping firms to raise money and buying up property from banks burdened with bad loans.
- The Wall Street Journal•3 months ago
European authorities are seeking to replace a third of the board members at Greece’s major banks, among the toughest actions by regulators since the financial crisis.
- Reuters•3 months ago
VIENNA/ATHENS, June 2 (Reuters) - The European Central Bank deferred giving Greece access to its cheap money on Thursday, hours before Athens rushed through parliament a batch of bailout reforms which could have qualified the country for the lifeline cut off a year ago. The ECB move to withhold approval came hours before a scheduled vote in Greece's parliament which approved pending reforms holding up creditor approval for the release of a tranche of bailout money. While Greece is still rated 'junk' by credit agencies, the ECB cannot waive its own requirement that government paper it accepts as collateral is investment grade, unless creditors deem the country fully compliant with its rescue programme.
National Bank of Greece S.A. (ETE.AT)
Athens - Athens Delayed Price. Currency in EUR
|Bid||0.00 x 3041300|
|Ask||0.19 x 19193600|
|Day's Range||0.19 - 0.19|
|52wk Range||0.08 - 18.23|
|1y Target Est||N/A|
|P/E Ratio (ttm)||-0.20|
|Avg Vol (3m)||31,731,238|
|Dividend & Yield||N/A (N/A)|