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US, UK buyers target homes on Myconos and Santorini

US, UK buyers target homes on Myconos and Santorini

Demand for holiday homes on the country’s two most popular islands, Myconos and Santorini, remains huge thanks almost exclusively to foreign buyers taking advantage of favorable changes to currency exchange rates. “The difference with the rest of the market is so big...
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...
Finance Ministry Reportedly Bans Beach Parties on Greek Islands

Finance Ministry Reportedly Bans Beach Parties on Greek Islands

The Greek party is over – at least on paper it is. According to Greek media reports, the country’s Finance Ministry informed all involved parties in the Greek islands, including authorities and businessmen, that a number of activities on the beach are illegal. Loud...
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