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

CFTC The Commodity Futures Trading Commission fraud Futures and Options pooled futures

CFTC Charges Entities and Individuals With Multi-Million Dollar Forex Fraud

The Commodity Futures Trading Commission announced today that it has filed a civil enforcement action in the U.S. District Court for the District of New Jersey against WorldWideMarkets, Ltd., TAB Networks, Inc., Thomas Plaut of Saddle River, N.J., and Arthur Dembro of New York, N.Y., charging them with fraud and other violations.