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Daily Archives: March 22, 2012

Greece To Pay at least €35.5 Million to PSI Advisers

 OUCH! Greece has to pay at least 35.5 million euro to its two main advisers helping the debt-ridden country with its Greek Bond swap (PSI) or in common English “debt restructuring”. Greek Finance Ministry saw itself obliged to reveal the payments, after daily Proto Thema  claimed on Tuesday, that Athens had …

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Prosecutor Charges Ex Proton-Banker Lavrentiadis With Fraud

A Greek prosecutor filed felony charges against prominent Greek banker and onwer of pharmaceutical companies Lavrentis Lavrentiadis over a financial scandal that has led to the demise of small lender Proton Bank, court officials said on Wednesday, according to Reuters. Lavrentiadis, a high-flying businessman who started from the chemicals industry …

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