Tag: financial crisis

JP Morgan chief warns: “we should be stockpiling bullets” in a dangerous world, as he predicts economic collapse within months

Head of world's biggest bank warns: “we should be stockpiling bullets” in a dangerous world, predicting economic collapse within months

The head of the world’s largest bank has issued one of his most alarming forecasts yet, warning that investors are underestimating the risk of a severe stock market correction and suggesting the global financial system is heading towards a “once-in-a-generation reset.”

Greek Orthodox Archdiocese Addresses Financial Crisis at St. Demetrios Cathedral and School in Astoria

The Greek Orthodox Archdiocese of America addressed the financial crisis at St. Demetrios Cathedral and School in Astoria during a press briefing on October 6, 2025. Led by Bishop Athenagoras, the Archdiocese outlined measures including a $700,000 advance, a $1 million line of credit, and plans for an independent consultant to ensure financial stabilization and educational sustainability.

Greece’s Remarkable Turnaround: From Europe’s “Problem Child” to a Model for Growth, Reports Germany’s ARD

Germany’s ARD broadcaster has hailed Greece’s transformation from a “problem child” of the eurozone to a “model student,” highlighting the country’s economic recovery, booming tourism sector, and growing appeal to foreign investors. The report also points to Greece’s strides in digital innovation and fiscal reform as examples other nations — including Germany — could learn from.

Greek Wages Struggle to Keep Up as Europe Faces Productivity-Wage Gap

Despite recent wage hikes, Greece lags far behind the EU average, with salaries rising only 7% from 2018 to 2023 compared to the EU’s 19%, according to a new KEPE study. With an average annual salary of €17,000, Greece ranks third from the bottom among EU nations, highlighting a stark divide between northern and southern Europe. Stagnant productivity and declining real wages have widened income inequality, with profits now claiming 50.2% of Greece’s GDP, far above the EU’s 41%.

JAMIE DIMON WARNS OF IMPENDING BOND MARKET CRISIS

Jamie Dimon, CEO of JPMorgan Chase, warned at the Reagan National Economic Forum that excessive U.S. government spending and the Federal Reserve’s loose monetary policies are pushing the bond market toward a crisis. Describing it as a “looming fracture,” he said the collapse could occur in six months or six years but is inevitable, urging investors to prepare despite recent market resilience.

Greek Households Face Persistent Financial Struggles Despite Modest Improvement in 2024, Survey Finds

Greek households continue to face significant financial challenges despite a slight improvement in 2024, according to a survey by IME GSEVEE. The report highlights that 60% of households struggle to make ends meet each month, while 81.6% are unable to save. Rising costs for food and utilities remain a major concern, forcing many to cut back on other expenses. Public dissatisfaction with government policies is growing, with citizens calling for higher wages, stricter controls on profiteering, and lower taxes to ease the financial strain.

piraeus bank

Piraeus Bank in Exclusive Talks to Acquire 70% Stake in Ethniki Insurance

Piraeus Bank is in exclusive talks to acquire a 70% stake in Ethniki Insurance for €469 million ($485.84 million), aiming to increase its fee revenue from 20% to 30%. The deal, which follows CVC Capital Partners’ 2021 acquisition of a 90% stake in Ethniki from National Bank of Greece, marks a significant move for Piraeus as it continues to recover after the financial crisis. With plans to return 35% of its 2024 profit to shareholders, Piraeus is also working with UBS and Milliman on the transaction.

Local Mortgage Market Hits a Standstill

The Greek mortgage market is experiencing a prolonged decline, marking Greece as the only EU country in negative housing credit territory over the past three years. Despite interest rates aligning with European averages, the persistent downturn highlights significant challenges in the banking sector, exacerbated by rising real estate prices. Meanwhile, corporate lending is on the rise, positioning Greece as a leader in business financing growth within the EU.

Moody's credit rating agency.

Moody's Remains the Sole Major Rating Agency to Keep Greece Below Investment Grade

Moody’s is the only major rating agency that continues to rate Greece below investment grade, reflecting ongoing concerns about the country’s financial stability. This article explores the implications of Moody’s assessment and the potential impact on Greece’s borrowing costs and investor sentiment. The tags used include Moody’s, credit rating, Greece, investment grade, financial crisis, European Central Bank, S&P, Fitch Ratings, DBRS Morningstar, and Scope Ratings.

Uh-oh! It looks like you're using an ad blocker.

Our website relies on ads to provide free content and sustain our operations. By turning off your ad blocker, you help support us and ensure we can continue offering valuable content without any cost to you.

We truly appreciate your understanding and support. Thank you for considering disabling your ad blocker for this website