Tag: banks

Fitch Upgrades Greece’s Major Banks, Reflecting Economic Optimism

“Fitch Ratings has upgraded Greece’s four major banks, signaling confidence in the country’s economic rebound. National Bank of Greece and Eurobank now sit at ‘BBB-’ with a stable outlook, while Alpha Bank and Piraeus Bank rise to ‘BB+’ with a positive outlook. The decision, announced on April 1, 2025, reflects Greece’s improving financial landscape and its edge over the eurozone, driven by investment growth and EU recovery funds.”

Greece plans to make buying property for foreigners easier

Greek Banks Hold 10,000 Properties Worth €7 Billion

Banks and servicers in Greece hold approximately 10,000 properties acquired through foreclosure auctions. These properties could potentially regulate the housing market if they were put up for sale, but various regulatory hurdles are preventing their quick release. The issue has become a significant social problem, and solutions must be sought at all levels.

Greek-Australian Tech Guru at the Heart of Global IT Outage Crisis

Michael Sentonas, a Greek-Australian tech executive, is at the center of the global IT outage crisis following Friday’s disruption that affected banks, supermarkets, and airlines worldwide. As president of CrowdStrike, the cyber-security firm implicated in the outage linked to a Microsoft upgrade, Sentonas faces significant fallout. The outage, which began around 3 pm AEST in Australia, has led to major disruptions across multiple countries and industries, including media, banking, and air travel.

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