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Daily Archives: August 3, 2016

S&P upgrades Greece’s four systemic banks

Ratings agency Standard and Poor’s upgraded Alpha Bank, Eurobank Ergasias, National Bank of Greece and Piraeus Bank to CCC+ from SD (selective default), with a stable outlook. The upgrade came after a further relaxation of capital controls in Greece from the beginning of the month, daily Kathimerini reported. “We view …

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Convicted ex Defense Minister Tsochatzopoulos beaten in prison

Former PASOK Defense Minister and inmate Akis Tsochatzopoulos was brutally beaten in his cell in wing F of Korydallos prison in Athens. The former minister convicted for bribes in armament procurement was taken to the prison hospital to receive first aid as he had suffered “heavy beating”. According to daily …

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