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Search Results for: Swiss banks

Germans hand out to Greece 10,588 data of suspected tax evaders with assets at Swiss Banks

German regional state of North-Rhine Westphalia handed out to Greece files containing more than 10,588 data – that is Swiss bank accounts – of suspected tax dodgers. The data is from one Swiss bank but the name had not been revealed. The data on tax evaders was reportedly bought by …

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Why Can’t Greece Obtain Tax-Cheat CDs with Data from Swiss Banks?

“Because these CDs have been classified as products of industrial espionage by the Swiss banks.” This is what Deputy Finance Minister Giorgos Mavraganis replied to a question posed by members of main opposition party, left-wing SYRIZA. “For the acquisition of such CDs there have been also issued arrest warrants,” Mavraganis …

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Banks in Greece to freeze mortgage rates for one year

Banks in Greece are reportedly set to freeze mortgage rates for one year and will bear the cost of containing interest on loans to the level it was at end-March. Banks are stopping any further rises in mortgage rates, freezing interest rates at a date reportedly set for March 31. …

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Economic prosecutors raid branch of Swiss UBS bank in Athens

Economic prosecutors raided the branch of UBS Swisss bank in Athens, confiscated the bank archives and identified 200 bank accounts involved in tax evasion. According to Greek media, the cross-check of the bank accounts was based on the data Greek authorities have recently received by the German Federal State of …

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Greek media: All four Greek systemic banks ask for ELA funding

A third bank, Piraeus Bank, requested for Emergency Liquidity Assistance (ELA) on Friday, after the Eurobank and Alpha bank, Greek media report on Saturday. Citing sources from the banking sector, Greek media report that all four systemic Greek banks have submitted requests for ELA funding from the Europeran Central Bank, …

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Guest Post: The Swiss Franc sends message to Merkel and Tsipras

Swiss chocolates bought in Swiss Francs? Oh, no! Or “much better,” after all? How does the lifting of euro cap by Swiss National Bank affect the Greek debt? I asked this question to economist “Cheshire Cat” and here is his analysis! Doors open wider for Merkel and Tripras to do …

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BoG confirms “two banks requested ELA funding” – Which banks…

Bank of Greece sources confirmed to several media that two Greek banks made a request for Emergency Liguidity Assistance (ELA) funding from the Bank of Greece in December. However, they did not confirm the amount of liquidity that it was asked, neither did they disclose the names of the banks. …

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Swiss far-right with anti-Greek poster against own FinMin

Swiss politicians from the far-right spectrum emerged from the melted chocolate and cheese fondue pots and created an anti-Greek poster in order to attack their own finance minister, Ursula Gut, Finance Minister of the Zurich Canton from FDP party. Aposter that features a finance minister as a cheater.  “Doing tricks like the …

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50K Greeks Borrowers Celebrate New Swiss Franc Exchange Rate

More than 50,000 Greeks took a breath of relief upon the news that the Swiss National Bank (SNB) decided to peg the Swiss Franc (CHF) to the euro. The 50,000 Greeks are borrowers who got their loans – most for real estate purchases – on Swiss Franc and not in …

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Ex Defense Minister Papantoniou remanded in custody for bribes in frigates contract

After a marathon deposition of 20 hours, former Defense Minister Yiannos Papantoniou was remanded in custody late on Tuesday. Handcuffs were passed also to his wife Stavroula Kourakou. Both face charges for money laundering of 2.800.000 Swiss Francs (2.4 million euros) from kickbacks from the time he was Defense Minister …

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Audits on tax evaders lists brought to Greece little over 100million euros

Revenues for the Greek state from the so-called tax evaders’ lists of Lagarde and Borjens did not turned out as high as expected. According to official data submitted to Parliament by the General Secretariat of Public Revenues, controls on both lists with the names of Greeks with bank accounts in …

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Greek tax investigators raid home of ex UBS-Boss & HFSF-Chairman affiliated with ND

Greek tax investigators raided the home of former local UBS bank boss in Athens in the context of  tax evasion probe based on account data acquired via Germany. The former UBS boss in Athens was also chairman of the Hellenic Financial Stability Fund where he was appointed in 2013 by …

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Switzerland turns down Greece’s wish to retroactively tax Greeks’ bank deposits

Swiss Finance Minister Eveline Widmer-Schlumpf turned down the proposal of her Greek counterpart Yiannis Stournaras to impose taxes on Greeks’ bank accounts and transfer the money to Athens. Currently in the Greek capital, Widmer-Schlumpf told Stournaras that Switzerland does not do such deals any more, focusing instead on automatic information …

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Real News: SDOE Probes Three Former Ministers for Money Laundering

A ‘mega bomb’ exploded on Saturday in Athens when a weekly newspaper with front page “Testimony Burns 3 Ministers” claimed that two former ministers and the current parliament speaker have been alledgedly involved in money laundering scandal.   In its exclusive story Real News  refers to the written testimony of a real estate …

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Greece Estimates German WWII Reparations at 7.5 Billion Euro

Greek Finance Ministry tries to estimate the amount Germany should pay to Greece as reparations for damages, atrocities and enforced loans during the World War II, alternate Finance Minister Christos Staikouras briefed the Parliament. According to estimations of the team in charge of the case, the amount for reparations reaches almost …

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