Financial crises
Greek sovereign debt rating to be upgraded by Fitch
By Nikos Chrysoloras
Greeces credit rating will be increased one level by Fitch Ratings, which cited an improving economic and fiscal outlook for the country that sparked Europes sovereign debt crisis.
Greek current account deficit shrinks in March
Greece's current account deficit shrank in March from the same month last year, according to balance of payments figures released by the central bank on Thursday.
The deficit stood at 44 million euros ($60.12 million) from 1.24 billion euros in March 2013.
Tourism revenues rose to 195 million euros in March from 151 million in the same month in 2013. [Reuters]
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World Bank Approves $100m Loan for Albania
The World Bank has approved a loan designed to support Albania’s efforts to reduce the impact of the global financial crisis on the local financial sector.
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IMF to approve bailout tranche to Athens on May 28
By Katerina Sokou
The International Monetary Funds executive board will convene on May 28 to discuss and likely approve the disbursement of its next bailout tranche to Greece.
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R&I raises Greek sovereign rating to B- from CC
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IMF official eyes debt relief, political stability for Greece
A spokesman for the International Monetary Fund, one of Greece's three international creditors, acknowledged in comments to reporters late on Thursday that Greek debt is high and added that Greece's eurozone partners had agreed to debt relief.
Greece's National Bank completes 2.5 bln euro share sale [Update]
National Bank of Greece (NBG) became the latest of Greece's four major lenders to successfully tap international markets as prospects of a recovery in the Greek economy lure investors.
Lasting dividend of bank aid
Alogoskoufis law of 2008 not only supported the credit sector but has also been boosting budget revenues
By Yiannis Papadoyiannis & Sotiris Nikas
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Eurogroup sees debt relief talks in fall
Finance Minister Yannis Stournaras conveyed Greeces request for a lightening of the countrys debt burden to his eurozone counterparts at a summit in Brussels on Monday but, as expected, foreign officials indicated that a decision on this issue would not be considered until the fall.
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Political risk not obvious through polls
Social discontent and higher uncertainty may hide surprises in the European Parliament election result
By Dimitris Kontogiannis
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