With Greece and Germany at stand off since the former elected the anti-austerity Syriza party to power, Brian Caplen looks at the actions of the Germans and the European Commission that led to this situation.
Western Europe
Latest articles from Greece
Espirito Santo crisis highlights continued struggle in periphery
August 22, 2014
The crisis at Portugal’s Banco Espirito Santo has raised fresh doubts about the recovery of banks in the peripheral eurozone.
National Bank finds appetite for Greek assets
August 1, 2014National Bank of Greece has completed a share offering and a highly successful bond placement in the space of two key months for the bank's turnaround.
Greek banks begin return to private ownership
June 2, 2014Capital raisings in the wake of a domestic stress test have enabled Greece’s four systemic banks to pull in private investors and begin the return to normality.
Greek banks start the long road to recovery
October 1, 2013Recapitalisation, consolidation and reduced dependence on central bank funding have begun the process of restoring Greece’s banks to health, but there are still profound challenges ahead.
Time to give Greece credit where it's due
September 23, 2013Greece is finally starting to deliver on its IMF reform programme, but it will need help to ease the official debt burden.
OTE corporate bond offers hope for Greece
April 2, 2013At the beginning of 2013, Greek telecoms group OTE launched a €700m bond issue. The largest corporate debt transaction from a Greek borrower since the sovereign debt crisis erupted in 2010, the deal’s success offered stark proof of changing sentiment towards peripheral Europe.
Rebuilding the Greek banking scene
January 3, 2013
A series of mergers will change the shape of the Greek banking sector, with three dominant players pulling away from the pack.
A dictionary of difficulties from 2012
December 3, 2012If 'algorithms, bail-ins and cajas' were the ABC of banking in 2012, what will be the new buzzwords? Philip Alexander looks at the phrases that defined 12 months of pain, and suggests some words to watch in 2013.
EFG hopes to rise from Greek ashes
November 1, 2012The sale of both its Greek subsidiary and its financial products division is intended to leave the family-owned EFG Group as a pure private banking operation.