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Greeks vote 'caught between a lion and a wolf' ATHENS: Beleaguered Greeks headed to the polls Sunday to choose between "being devoured by a lion or a wolf" in a bailout referendum many see as an impossible decision with unknown consequences for their crisis-wracked country.Voting 'No' means rejecting an austerity-heavy bailout deal from Greece's international creditors. But it could also see the country forced out of the eurozone.Dimitris Halatsis, a teacher, said it was "a crucial day". He was voting 'No' because "it's the only chance the government and Greece have to apply pressure" on the creditors.Michelis, 80, first in through the doors of an elementary school being used for the vote in central Athens, said "if we vote 'No' they'll take us more seriously", adding that he was voting "for my grandchildren".Prime Minister Alexis Tsipras and his radical-left Syriza party have urged people to reject a "humiliating" deal from the European Commission, European Central Bank (ECB) and International ...


World Bank removes critical section from China report BEIJING: The World Bank has removed a critical portion from a recently released report on China's economy, saying the section had not been adequately reviewed.On Wednesday, the Washington-based institution released its China Economic Update report in Beijing, which included a section urging the country to accelerate reform of its state-dominated financial sector.In blunt language, the World Bank warned that failure to address the issue could end "three decades of stellar performance" for the world's second-largest ...

Ministers back to Vienna for final Iran nuclear deal push VIENNA: Foreign ministers from major powers were expected back in Vienna Sunday seeking to score a huge diplomatic success by nailing down a nuclear deal with Iran after almost two years of intense effort.Ahead of Tuesday's final deadline, there were signs that inside the neoclassical palace-turned-hotel hosting the past eight days of talks by armies of technical and legal experts, the end may be in sight."Extending the talks is not an option for anyone... We ...

Key dates in the Greek debt crisis ATHENS: Greeks vote in a closely-watched bailout referendum that has divided the nation and could determine its financial future -- as well as that of the government.Here are the key dates in Greece's debt crisis that has rumbled on for five years and could culminate in the country's exit from the eurozone.-- 2009 --- October: The Greek government of George Papandreou reveals that the national public deficit for 2009 was twice as much as thought ...

'Yes' and 'No' voters: profiles of those voting for Greece's ATHENS: Millions of Greeks are heading to the polls Sunday for a crucial referendum on Greece's bailout. Here are short profiles of people determined their 'Yes' or 'No' votes are the only way to save the country.'Yes'Nikos Vichos heads up an 118-year old company importing Swiss watches. He is voting 'Yes' in the referendum because he sees it as the country's "last hope" to avoid financial chaos.A silver fox who wears his 62 years lightly, ...

Alexis Tsipras: the premier playing roulette with Greece's future ATHENS: In the five months since he came to power vowing to deliver his country from years of biting austerity, Prime Minister Alexis Tsipras has kept Greece and Europe guessing.For some he is a master strategist who has called the bluff of Greece's creditors by giving the people the final say on a painful debt deal. To others he is a clueless novice, who has taken Greece into uncharted waters by hurriedly calling a vote ...


 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyMay
Trade Balance $-1.894 bln
Exports $1.953 bln
Imports $3.847 bln
WeeklyJuly 01, 2015
Reserves $18.5 bln