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Greek islands go under the hammer

Greek islands go under the hammer

The Greek government is selling off some of its 6,000 islands to foreign buyers in an effort to pay off the country’s staggering debt. Earlier this month, Hollywood star Johnny Depp reportedly bought the isle of Stroggyli, near Kastellorizo, for an estimated...
Greek Bank recapitalisations

Greek Bank recapitalisations

According to news reports on Sunday, the top four lenders — National Bank, Piraeus Bank, Alpha Bank and Eurobank — will undergo an asset quality review later this month. Stress tests will follow in the autumn to determine the recapitalisation requirements...
Greek stock exchange to reopen after 5 weeks

Greek stock exchange to reopen after 5 weeks

All eyes will be on Greece’s embattled banks on Monday when the Athens stock exchange reopens after a five-week shutdown over the country’s debt crisis, with traders bracing for a volatile session. Bank shares are expected to be particularly affected as...
Air traffic controllers announce warning strike action next week

Air traffic controllers announce warning strike action next week

Greece’s air traffic controllers’ union on Thursday announced a four-hour warning strike to be held next Wednesday from 14:00 until 18:00. They are demanding that a draft bill be tabled in Parliament that creates an Aeronautical Provider for the Civil...
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