June Heralds Privatization Rush
June is a month heralding a bevy of privatizations and concurrent investments, from which the government expects a lot to bolster the ailing economy.
- Written by E.Tsiliopoulos
Piraeus & Geniki Bank Announce Merger
On Friday night, Piraeus Bank announced its merger with Geniki Bank, which it already controls by 99.94%.
ECB to Cut Interest Rates
ECB head, Mario Draghi, is expected this coming Thursday to reduce the rate at which commercial banks borrow from by 0.10% (from0.25% to 0.15%) in order to encourage business lending.
- Written by E.Tsiliopoulos