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The Wall Street Journal
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The balance sheet of Greece's banks and recapitalization needs in Juy 2015- 139 billion euros in deposits, 2 billion euros in cash, and 116 billion euros in ECB central bank aid
07/04/2015
In the Cyprus crisis overhaul of the banks required depositors with over $100,000 in bank accounts to take a 50% haircut. Deposits less than $100,000 were safe. Greek banks will need ECB funding or European creditors to recapitalize the banks before banks can open because cash at banks is dropping below 1 billion euros just before the referendum of July 5, 2015.
Grouped Articles
Wall Street Journal 07/04/2015
Collapse of Greek Bailout Deal Brings Surprise Boost to German Coffers
Wall Street Journal 07/04/2015
IMF Warns Eurozone That Greece Needs Far More Debt Relief
Wall Street Journal 07/15/2015
Recapitalization of Greek banks following the crisis in July 2015
07/04/2015
Grouped Articles
Wall Street Journal 07/04/2015
Greece's banks and the debt crisis
06/14/2011
Grouped Articles
Piraeus Bankâs Michalis Sallas Reaches the Top in Greece
New York Times 06/10/2013
In Greece, Banks Ask E.C.B. for Access to Emergency Aid
New York Times 01/16/2015
American Billionaire Makes Risky Bet on Greece Debt Deal
New York Times 06/09/2015
Wall Street Journal 07/04/2015
Collapse of Greek Bailout Deal Brings Surprise Boost to German Coffers
Wall Street Journal 07/04/2015
Greek Bank Vortex Threatens Deal Hopes
Wall Street Journal 07/06/2015
The cost of extra aid estimated by the IMF for damage done to Greece's financial system and economy between Jan-July 2015
07/03/2015
The IMF's estimate of extra aid needed for Greece is 60 billion euros ($66.6 billion) to tackle the worsening in the economy and the financial system following the collapse in talks, the imposition of capital controls, closing of banks, and the uncertainty created by the announcement of the referendum on the spending cuts and membership in the eurozone.
Grouped Articles
IMF Raises Referendum Stakes With Call for More Aid for Greece and Debt Relief
Wall Street Journal 07/03/2015
Wall Street Journal 07/04/2015
Collapse of Greek Bailout Deal Brings Surprise Boost to German Coffers
Wall Street Journal 07/04/2015
Large Swaths of Greek Economy Seize Up Amid Fears, Capital Controls
Wall Street Journal 07/11/2015
Greek Shipping Industry Frets Over Higher Taxes
Wall Street Journal 07/13/2015
IMF Warns Eurozone That Greece Needs Far More Debt Relief
Wall Street Journal 07/15/2015
The urgency for recapitalization of European banks in 2011-2015
07/13/2011
EU banks face potential losses of 300 billion euros from troubled EU countries. 120 billion euros from Italy, Spain and Belgium, 60 billion euros from Greece, 20 billion euros from Ireland and Portugal, and $100 billion euros from other banking exposure, accordig to the IMF. IMF managing director, Christine Lagarde, has pointed to the urgent need for recapitalization of European banks,urgently because restricted lending by EU banks in the absence of recapitalization could further damage the economies of EU countries.
Grouped Articles
Spanish Banks More Vulnerable Than Italy's
Wall Street Journal 07/13/2011
Bank of Italy Inspecting Top Lenders' Books
Wall Street Journal 07/30/2013
Central Bank Details Somber State of Europe’s Banking System
New York Times 10/13/2014
Wall Street Journal 07/04/2015
The Banker Who Is No Longer Welcome in Restaurants
Wall Street Journal 01/27/2016
Italy Agrees on Fund to Support Battered Lenders
Wall Street Journal 04/12/2016
S&P setting Greek banks credit ratings to selective default in July 2015
07/01/2015
Grouped Articles
S&P Cuts Greek Bank Ratings to Selective Default
Wall Street Journal 07/01/2015
Wall Street Journal 07/04/2015
Cyprus Popular Bank (Laiki Bank) and the Bank of Cyprus 2006-2013- the path leading to the EU bailout of 2013
07/16/2011
Cyprus Popular Bank and the Bank of Cyprus passed EU stress test in 2010 and 2011, resulting in the banks issuing dividends and increased their holdings of Greece's bonds even as the Greece faced a financial crisis in 2010. The losses from Greece bonds totalled 4.3 billion euros for the two banks in 2013, leading to the closing of Laiki Bank and the downsizing of the Bank of Cyprus under an EU bailout. The bank also made other risky investments in Greece, with the chief risk officer of Laiki Bank taking on more risks in 2010-2011 even as other European banks were reducing their investments in Greece.
Grouped Articles
Europe Fails Another Stress Test
Wall Street Journal 07/16/2011
IMF Urges EU Banks To Raise Capital
Wall Street Journal 09/22/2011
Piraeus Bankâs Michalis Sallas Reaches the Top in Greece
New York Times 06/10/2013
Wall Street Journal 07/04/2015
Wall Street Journal 03/28/2013
Cyprus Capital Controls Come Years After They Were Needed
New York Times 03/28/2013
The recapitalization of Greece's banks in 2012
05/22/2012
Grouped Articles
Piraeus Bankâs Michalis Sallas Reaches the Top in Greece
New York Times 06/10/2013
American Billionaire Makes Risky Bet on Greece Debt Deal
New York Times 06/09/2015
Wall Street Journal 07/04/2015
Largest Greek Banks to Receive Financing
New York Times 05/22/2012
Biggest Greek Banks in Merger Talks
Wall Street Journal 10/07/2012
What Greece won in the negotiations and what Greece loses with the failure of talks with the EU, closing of banks, and the referendum in July 2015
07/02/2015
Grouped Articles
Wall Street Journal 07/04/2015
Collapse of Greek Bailout Deal Brings Surprise Boost to German Coffers
Wall Street Journal 07/04/2015
Bailout Referendum Lays Bare Deep Schisms Among Beleaguered Greeks
New York Times 07/04/2015
Europe’s future in Greece’s hands
Economist 07/04/2015
Economist 07/04/2015
Greek Bank Vortex Threatens Deal Hopes
Wall Street Journal 07/06/2015
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