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Archive - Feb 2, 2015

Credit cards have returned to the drachma era

02 February 2015 / 22:02:15  
European Central Bank data show that at the end of 2013 the number of credit cards in Greece decreased to 2.926 million while back in 2008 6.9 million of them were circulating


The standoff between Greece and the Eurozone is the greatest risk to the global economy

02 February 2015 / 18:02:24  
This is what the British finance minister, George Osborne, said after his meeting with his Greek counterpart Yannis Varoufakis who failed to make any statements after the meeting.


A deputy prime minister takes over bank supervision

02 February 2015 / 17:02:26  
Greek Prime Minister Alexis Tsipras has decided to put the government’s economic policy, the negotiation of public debt and the supervision of the bank system under the full control of Deputy Prime Minister Yannis Dragasakis.


Emergency in regions of Greece due to bad weather

02 February 2015 / 15:02:39  
Villages near the mouth of the river Arachtos were preventively evacuated as water levels rose abruptly after the release of the reservoir in the Pournari region.


Eurobank has new management

02 February 2015 / 14:02:16  

Eurobank’s management board has accepted the resignations of its former chairman Panagiotis Thomopoulos and CEO Christos Megalou. They were replaced by Nikos Karamouzis and Fokion Karavias respectively. The bank’s  board of directors saw no other changes.

In a letter to the board, Mr. Megalou explained his resignation with his decision to accept the post of adviser to Fairfax Financial in Toronto, Canada.