Home / Euro debt crisis / Greek debt crisis

Greek debt crisis

Greece, agreed to sell two banks as part of an effort to appease its international lenders and consolidate its beleaguered banking sector, says the Hellenic Financial Stability Fund has chosen Eurobank (the fourth largest lender) to buy New Hellenic Postbank. The irony: The rescue vehicle owns 100% of Postbank and 93.6% of Eurobank meaning that, in Reuters’ words, the Stability Fund “was effectively selling Postbank to itself.”

Check Also


SEC Charges Oracle a Second Time for Violations of the Foreign Corrupt Practices Act

SEC announced settled charges requiring Oracle Corporation to pay more than $23 million to resolve charges that it violated provisions of the Foreign Corrupt Practices Act (FCPA) when subsidiaries in Turkey, the United Arab Emirates (UAE), and India