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ESM survey sees 8-12.5 billion-euro damage from 'bad bank' plan

The Greek state will suffer a loss of between 8 and 12.5 billion euros from the implementation of a Bank of Greece's plan to set up a "bad bank" to absorb Greek banks' non-performing loans, a survey on "Lessons from Financial Assistance to Greece" conducted under the guideance of Joaquin Almunia, former EU Economic Affairs Commissioner for the European Stability Mechanism (ESM), said on Thursday.

Four Greek tankers on the US blacklist for transactions with Venezuela

One of the most authoritative shipping magazines in the world, Norway's Tradewinds, reveals that four tankers of Greek shipowners are on the black list of the American authorities for transactions with Venezuela. "These companies are transporting oil that has actually been stolen from the people of Venezuela," US Secretary of State Mike Pompeo said in a statement.

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