Tuesday May 5, 2015 Search
Weather | Athens
14o C
09o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
EU regulators approve overhaul of Alpha Bank

European Union state aid regulators cleared on Wednesday the restructuring of Greece's Alpha Bank by downsizing its international operations, saying it would ensure the lender's viability.

Greek authorities and the Greek bank stability fund HFSF have repeatedly bailed out Alpha Bank since 2008, prompting the European Commission to open an investigation to see if the aid unfairly gave the bank an edge over rivals.

Alpha's overhaul included rationalizing its operating spending and refraining from costly takeovers.

"Alpha Bank's restructuring will make a significant contribution to reinforcing the viability of the Greek banking sector, to the benefit of the Greek economy," European Competition Commissioner Joaquin Almunia said in a statement.

The EU competition watchdog also approved Alpha's takeover of Greek peer Emporiki Bank. [Reuters]

ekathimerini.com , Wednesday Jul 9, 2014 (14:14)  
Greece willing to move ahead on key asset sales to appease lenders, says source
Outlook for Greece casts cloud over Europe´s ´brightest spring in several years´
Greek debt talks progressing, no breakthrough yet, says Austrian FinMin
Greek bonds rise on reports that IMF may cut off funding lifeline
Tsipras, Merkel discussed state of negotiations, says official
Greek Prime Minister Alexis Tsipras and German Chancellor Angela Merkel held a phone conversation on Monday night to discuss ongoing talks with international creditors, a Greek government of...
Most want euro even with new bailout deal
The majority of Greeks want the country to stay in the eurozone should ongoing negotiations with foreign creditors fail, even if that means signing a new bailout deal, a new survey has found...
Inside News
TRACK & FIELD
Over 18,000 runners participate in the Athens Half Marathon
The 4th Athens Half Marathon was an unqualified organizing and sporting success on Sunday, as thousands of runners joined in the race of the 21-kilometers and the 3k and 5k runs in the capit...
SOCCER
Six teams to fight to avoid the last relegation spot
Panthrakikos was the biggest winner of the penultimate round of Super League games on Sunday through its victory at Veria, on the day that Olympiakos partied for its fifth consecutive title....
Inside Sports
COMMENTARY
Empty admissions of fault
News that the International Monetary Fund’s managing director, Christine Lagarde, has ordered a probe into who bears responsibility for the failure of the Greek program during the 2010-12 pe...
EDITORIAL
No more division
Greece will experience some serious turbulence in the days and weeks ahead as it faces several key dates that will determine its fate. It is extremely unlikely that the country will survive ...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Tsipras, Merkel discussed state of negotiations, says official
2. Greece willing to move ahead on key asset sales to appease lenders, says source
3. Outlook for Greece casts cloud over Europe´s ´brightest spring in several years´
4. Greek debt talks progressing, no breakthrough yet, says Austrian FinMin
5. Greek bonds rise on reports that IMF may cut off funding lifeline
6. Most want euro even with new bailout deal
more news
Today
This Week
1. Dozens of migrants rescued at sea
2. Empty admissions of fault
3. OTE vies for control of Albtelecom
4. Greeks bet 5.9 billion euros on games of chance last year
5. No more division
6. Most want euro even with new bailout deal
Today
This Week
1. The Good, the Bad and the Ugly
2. Greece’s day of reckoning inches closer as debt payments loom
3. Greek decision to exit euro would be disastrous for Greece
4. Greece’s decade-long relationship with Merkel
5. Varoufakis attacked by anarchists while dining in Athens
6. No need to widen the rift
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.