BANKING


Is Greece reformable?
OPINION

On the question of whether Greece is a country that can change, my answer is affirmative. Yes, Greece is a country where reforms can be made that improve the quality of democracy, strengthen the economy and change the lives of Greeks for the better.





Taxman online with banks
TAXATION

Millions of bank accounts of taxpayers and companies will soon be targeted by the tax authorities, with the use of the new system which will scan all their movements.

Stournaras: ECB must cut rates twice before August
ECONOMY

The European Central Bank must lower borrowing costs twice before its August summer break and two more times before the end of the year, without being swayed by the US Federal Reserve, Bank of Greece chief Yannis Stournaras has said.


Talks on small card payments
BANKING

The government is considering an Italian model for small-value transactions, seeking an agreement with those involved in the system of issuing and accepting cards to reduce fees. 

Warning on local credit sector’s greed
BANKFLATION

The interest rate hikes by the European Central Bank and the increase in net interest income lead to an excessive accumulation of profits in Greek and European banks and fuel the inflation of banking greed (“bankflation”), warns the Center for Planning and Economic Research (KEPE).