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ENGLISH EDITION

ENGLISH EDITION

FinMin Staikouras in Washington to attend IMF and World Bank meeting

Finance Minister Christos Staikouras is heading to Washington to attend the annual meeting of the International Monetary Fund (IMF) and the World Bank. On the sidelines of the meeting, the minister will meet with new IMF Managing Director Kristalina Georgieva, the next European Central Bank (ECB) President Christine Lagarde and the U.S. Under Secretary of State for Economic Growth, Energy, and the Environment, Keith Krach.
ENGLISH EDITION

Greek bankers cautious on Hercules plan; ECB stance crucial

Bank officials remain cautious about a plan Greece is working on aimed at reducing bad loans held by lenders that was approved by the European Commission last week. Although the scheme, called Hercules, was given the green light in Brussels just a few days ago, some in the industry are already talking about the need for a Hercules II plan, citing concerns about the initial proposal's ability to solve the bad loan problem faced by the financial system.