Tagged: euros

Bank deposits rebound to exceed 127 bln euros

The year is ending on a positive note for Greek banks as, according to credit sector officials, the amount of deposits in the local system increased by about 500 million euros in November, while December is expected to fetch an additional 2 billion euros into bank accounts. The banks’ estimates for the end of the […]

Justice Ministry pledges additional 3 mln euros to improve prisons

The Justice Ministry on Thursday pledged to allot an additional 3 million euros by the end of the year for improving conditions at the country’s prisons, which have been criticized by rights groups for failing to adhere to European standards. Speaking at a two-day educational program organized with the Council of Europe in Athens, Justice […]

ESM approves release of 1-bln-euro loan tranche to Greece

The European Stability Mechanism (ESM) announced in a tweet on Tuesday that its board of directors authorized the disbursement of Greece’s 1-billion-euro loan tranche, after the country completed all prior actions required by its lenders. “ESM Board of Directors just authorized the disbursement of €1bn to #Greece, #ESM press release will follow shortly,” ESM tweeted.