ATHENS, May 21 (Reuters) - European Central Bank funding to Greek banks fell by 10.5 billion euros in April while emergency liquidity assistance (ELA) from the country's central bank increased by 12 billion euros, Bank of Greece data showed on Tuesda

ATHENS, May 21 (Reuters) - Gazprom is squeezingAthens for better terms to buy DEPA, Greece's sole retail gasdistributor, a Greek official said, as the Russian gas exportmonopoly leverages its strength position as the only majorplayer in the running.

ATHENS, May 21 (Reuters) - Gazprom is squeezing Athens for better terms to buy DEPA, Greece's sole retail gas distributor, a Greek official said, as the Russian gas export monopoly leverages its strength position as the only major player in the runni

ATHENS, May 21 (Reuters) - Gazprom is squeezing Athens for better terms to buy DEPA, Greece's sole retail gas distributor, a Greek official said, as the Russian gas export monopoly leverages its strength position as the only major player in the runni

ATHENS (Reuters) - Greece's bank rescue fund will aim to sell Hellenic Postbank and Proton by mid-July with big banks continuing to absorb small lenders as part of plans to revive the battered sector, the country's foreign lenders said in an inspecti

ATHENS, May 19 (Reuters) - Greece's bank rescue fund will aim to sell Hellenic Postbank and Proton by mid-July with big banks continuing to absorb small lenders as part of plans to revive the battered sector, the country's foreign lenders said in an

ATHENS, May 18 (Reuters) - Greece's second-largest lender Piraeus Bank has hired four international investment banks as advisers on its 7.33 billion euro ($9.4 billion) share issue, two bankers close to the procedure told Reuters on Saturday.

This week on The Broke and the Beautiful, Greek soccer club AEK Athens is readying for bankruptcy.

* Athens might try to tap bond markets in 2014 - EU official

ATHENS, May 17 (Reuters) - Greek Prime Minister Antonis Samaras has hailed kinder words from lenders and revived interest in the country's deeply-discounted bonds and stocks as a "Greekovery" to replace last year's "Grexit" catchphrase.

ATHENS, May 17 (Reuters) - Greece's foreign lenders have maintained the country's privatisation revenue target of 2.6 billion euros for the year, and left the country's overall debt outlook unchanged...

ATHENS, May 15 (Reuters) - Greece has appointed a former UBS executive as chairman of its bank bailout fund, the Hellenic Financial Stability Fund (HFSF), the country's finance ministry said on Wednesday.

ATHENS, May 15 (Reuters) - Greece's economy shrank 5.3 percent in the first quarter as expected, data showed on Wednesday, as austerity measures demanded by the country's foreign lenders continued to...

ATHENS, May 15 (Reuters) - Greece's gross domestic product (GDP) shrank 5.3 percent year-on-year in the first quarter of 2013, flash estimates released by the European Union's statistics agency...

ATHENS, May 14 (Reuters) - Ratings agency Fitch upgraded its sovereign credit rating for Greece by one notch on Tuesday, citing the country's progress in cutting its budget deficit and the receding...

Fitch Ratings upgraded Greece's sovereign credit rating a notch, citing Athens's progress in tackling its budget deficit and rebalancing its economy, along with a reduced risk of a Greek exit from the euro zone.

ATHENS, May 14 (Reuters) - Ratings agency Fitch upgraded its sovereign credit rating for Greece by one notch on Tuesday, citing progress in cutting its budget deficit and the risk of a euro zone exit...

ATHENS, May 14 (Reuters) - U.S. hedge fund Third Point has agreed to buy a stake in Energean Oil & Gas, a small Greek oil producer, for $60 million, the two firms said in a statement on Tuesday.

ATHENS, May 14 (Reuters) - U.S. hedge fund Third Point hasagreed to buy a stake in Energean Oil & Gas, a small Greek oilproducer, for $60 million, the two firms said in a statement onTuesday.

ATHENS, May 14 (Reuters) - U.S. hedge fund Third Point has agreed to buy a stake in Energean Oil & Gas, a small Greek oil producer, for $60 million, the two firms said in a statement on Tuesday.

ATHENS, May 14 (Reuters) - U.S. hedge fund Third Point has agreed to buy a stake in Energean Oil & Gas, a small Greek oil producer, for $60 million, the two firms said in a statement on Tuesday.

ATHENS, May 14 (Reuters) - Greek borrowing costs fell to their lowest since April 2011 in a sale of 1.3 billion euros ($1.69 billion) worth of government Treasury bills on Tuesday, the country's debt agency PDMA said.

* Mohammad convicted of 1968 attack on El-Al plane in Athens

ATHENS, May 13 (Reuters) - Greece's second-largest lender Piraeus Bank said on Monday it planned to buy back 321 million euros ($416.4 million) of hybrid bonds as part of efforts to boost its capital...

ATHENS, Greece -- Greek civil servants' unions called a 24-hour strike for Tuesday in reaction to the government's decision to use emergency powers to prevent...

ATHENS, May 13 (Reuters) - Greece will hit its fiscal targets this year and next but needs additional savings to meet its bailout requirements in 2015 and 2016, the European Commission said.

ATHENS, May 13 (Reuters) - Greece will hit its fiscal targets this year and next but needs additional savings to meet its bailout requirements in 2015 and 2016, the European Commission said.

ATHENS, May 12 (Reuters) - Greece has threatened high school teachers with arrest if they go ahead with a nationwide strike that would disrupt university entrance exams that start this week, the official government gazette said.

By Tom Lawson, Positive News ATHENS - Health workers in Greece are volunteering their time to provide medical treatment for those who are no longer...

ATHENS, May 11 (Reuters) - Greece's small troubled lender FBBank has been split into "good" and "bad" parts, with the healthy business absorbed by Greece's largest lender National Bank (NBG), the...

ATHENS, May 11 (Reuters) - Greece's small troubled lender FBBank has been split into "good" and "bad" parts, with the healthy business absorbed by Greece's largest lender National Bank (NBG), the central bank said on Saturday.

ATHENS, May 10 (Reuters) - Greece's small troubled lender FBBank will be wound down as part of a wider restructuring of the country's banking sector stemming from the nation's debt crisis, two...

ATHENS, May 10 (Reuters) - Greece's small troubled lender FBBank will be wound down as part of a wider restructuring of the country's banking sector stemming from the nation's debt crisis, two bankers close to the process said on Friday.

ATHENS, May 10 (Reuters) - Greece will auction 1.0 billion euros ($1.29 billion) of three-month T-bills on May 14 to refinance a maturing issue, the country's debt agency PDMA said on Friday.

ATHENS, May 10 (Reuters) - Greece's third-largest lender Alpha Bank swung to a net profit in the first quarter after it wrote up the value of a rival lender it acquired last October and lowered its reliance on a costly emergency funding mechanism.

ATHENS, May 10 (Reuters) - Greece's third-largest lender Alpha Bank on Friday posted net first quarter profit of 2.88 billion euros ($3.75 billion), booking goodwill on its acquisition of Emporiki...

ATHENS, May 10 (Reuters) - Greece's third-largest lender Alpha Bank on Friday posted net first quarter profit of 2.88 billion euros ($3.75 billion), booking goodwill on its acquisition of Emporiki Bank from Credit Agricole.

While the Greek economy remains under the proverbial knife of the Troika, it appears the wealthy in the island nation are transforming themselves at record rates. Der Spiegel reports that not only does Greece have the second highest rate of cosmetic

ATHENS (Reuters) - Greek youth unemployment rose above 60 percent for the first time in February, reflecting the pain caused by the country's crippling recession...

ATHENS (Reuters) - Greek youth unemployment rose above 60 percent for the first time in February, reflecting the pain caused by the country's crippling recession after years of austerity under its international bailout.

ATHENS, May 9 (Reuters) - Greece's jobless rate rose to 27 percent in February from a downwardly revised 26.7 percent in January, the country's statistics service ELSTAT said on Thursday.

ATHENS, May 9 (Reuters) - Greece has hopes of returning to bond markets around the end of 2014, its finance minister said on Thursday after its bond yields dropped to their lowest levels since last...

ATHENS, May 8 (Reuters) - Greece's biggest telecoms company OTE reported on Wednesday a higher-than-expected profit for the first quarter, helped by a tax gain.

Germany’s largest builder finally disposes of assets including the terminals at Athens and Budapest, having failed to spin off the business

The Canada Pension Plan Investment Board agreed on Tuesday to buy the airport management division of the German construction company Hochtief for $1.4 billion. Hochtief, whose holdings include stakes in the Sydney and Athens airports, said it would u

ATHENS, May 5 (Reuters) - Shares in Greece's Alpha Bank will trade without rights to its planned 457 million euro ($600 million) share offering from May 13, the Athens bourse said, as the country's big banks kick off their recapitalisation.

By Yanis Varoufakis, a professor of economics at the University of Athens. Originally posted at Australian Broadcast Corporation's The DrumIn the long, unending wake of the global financial crisis, desperate governments and central banks are trying t

ATHENS, May 1 (Reuters) - Greece's third-biggest lender, Alpha Bank, said on Wednesday it found enough investors to back its recapitalisation plan, thus avoiding falling under state control as part...

ATHENS, May 1 (Reuters) - Greece's third-biggest lender, Alpha Bank, said on Wednesday it found enough investors to back its recapitalisation plan, thus avoiding falling under state control as part of the country's international bailout.

ATHENS, May 1 (Reuters) - Greece's fourth-largest lender Eurobank said on Wednesday it plans to buy back up to 580 million euros ($765 million) of notes it had issued in exchange for new common shares as part of moves to boost its capital base.