Credit Agricole loses 6.5 bln euros in 2012 on writedowns, Greece
Credit Agricole posted a 6.5 billion-euro ($8.68 billion) full-year loss - the worst since the French bank went public in 2001 - as taxes on the sale of its Greek unit pushed the bank even deeper into the red than expected.
Bank executives told reporters that an unexpected decision by French tax authorities to disallow a tax deduction the bank was seeking for the sale of Emporiki Bank triggered an 838 million-euro tax hit, pushing fourth-quarter writedowns to 4.53 billion.
Police were seeking the perpetrators of an attack targeting an ATM machine outside a bank in the port city of Patra, western Greece, in the early hours of Wednesday. No injuries were reporte...
Thomas Protopapas died at the intensive care unit of KAT hospital in Kifissia, northern Athens,on Tueday.
The 26-year-old actor had suffered extensive injuries in a road accident on Attiki O...
Germany's Bjoern Otto recorded the world's leading performance in the men's pole vault at the Athens Street Pole Vault event that took place at Zappio, in central Athens, on Saturday afterno...
PAS Giannina upset PAOK at Thessaloniki on Sunday to take the lead at the Super League play-offs, while Asteras Tripolis rebounded from its loss at Ioannina in midweek to defeat Atromitos at...
One of the biggest problems dragging the Greek economy down is the pressure placed on entrepreneurs aspiring to do business in sectors dominated by the “pirates” and “pimps” of the business ...
Greek taxpayers have had to pay dozens of millions of euros for the restoration and conservation of the capital’s landmark buildings, including Athens Polytechnic and the so-called neoclassi...
