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Bank Of Crete (1980–1999)
The Bank of Crete ( el, Τράπεζα Κρήτης) was a commercial bank in Greece that functioned from 1980 to 1999. History George Koskotas bought the new established Bank of Crete in 1984. At its height, the bank operated some 86 branches in all major Greek cities and a representative office in London. Koskotas and his bank were involved in a major corruption scandal in Greece in the late 1980s. Specifically in November 1988, a shortfall of US$132 million was discovered in the Bank of Crete some months after bank chairman Koskotas, a Greek-American millionaire entrepreneur under investigation for large-scale financial crime, had fled the country. In the months that followed, alleged connections between Koskotas and the PASOK government, and even with prime minister Andreas Papandreou himself, brought the resignations of several ministers and demands for a vote of no confidence in the government. Papandreou was eventually acquitted of criminal charges relating to the scandal ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
George Koskotas
George Koskotas ( el, Γιώργος Κοσκωτάς; born 1953, Athens) is a former banker and publisher who spearheaded a financial scandal that brought down the PASOK government in 1989. Early life Koskotas was born in Greece on October 5, 1954. He emigrated to the United States with his parents in 1970 and worked for his father's house painting business in Queens, New York until 1979 when he returned to Greece. In 1980, Koskotas was indicted on charges of defrauding the Internal Revenue Service and the New York State unemployment office of $41,000 in a scheme to falsify unemployment insurance claims and obtain tax refunds from fictitious workers of his company. He was arrested on the charges in 1987 while he was attending a newspaper editors' convention in Washington D.C. He posted $1 million in bail and returned to Greece. "Koskotas scandal": Bank of Crete In 1979, Koskotas joined the Bank of Crete as an administrative officer. From 1982 to 1984 he worked in the bank's cen ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The New York Times
''The New York Times'' (''the Times'', ''NYT'', or the Gray Lady) is a daily newspaper based in New York City with a worldwide readership reported in 2020 to comprise a declining 840,000 paid print subscribers, and a growing 6 million paid digital subscribers. It also is a producer of popular podcasts such as '' The Daily''. Founded in 1851 by Henry Jarvis Raymond and George Jones, it was initially published by Raymond, Jones & Company. The ''Times'' has won 132 Pulitzer Prizes, the most of any newspaper, and has long been regarded as a national " newspaper of record". For print it is ranked 18th in the world by circulation and 3rd in the U.S. The paper is owned by the New York Times Company, which is publicly traded. It has been governed by the Sulzberger family since 1896, through a dual-class share structure after its shares became publicly traded. A. G. Sulzberger, the paper's publisher and the company's chairman, is the fifth generation of the family to head the pa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Greek-American
Greek Americans ( el, Ελληνοαμερικανοί ''Ellinoamerikanoí'' ''Ellinoamerikánoi'' ) are Americans of full or partial Greek ancestry. The lowest estimate is that 1.2 million Americans are of Greek descent while the highest estimate suggests over 3 million. 350,000 people older than five spoke Greek at home in 2010. Greek Americans have the highest concentrations in the New York City, Boston, and Chicago regions, but have settled in major metropolitan areas across the United States. In 2000, Tarpon Springs, Florida, was home to the highest per capita representation of Greek Americans in the country (25%). The United States is home to the largest number of Greeks outside of Greece, followed by Cyprus and Australia. History Early history The first Greek known to have been to what is now the United States was Don Doroteo Teodoro, a sailor who landed in Boca Ciega Bay at the Jungle Prada site in present-day St. Petersburg, FL with the Narváez expedition in 152 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Panhellenic Socialist Movement
The Panhellenic Socialist Movement ( el, Πανελλήνιο Σοσιαλιστικό Κίνημα, Panellínio Sosialistikó Kínima, ), known mostly by its acronym PASOK, (; , ) is a social-democratic political party in Greece. Until 2012, it was one of the two major parties in the country, along with New Democracy, its main political rival. Following the collapse of the Greek military dictatorship of 1967–1974, PASOK was founded on 3 September 1974 as a socialist, democratic socialist and left-wing nationalist party. Formerly the largest left-wing party in Greece between 1977 and 2012, PASOK lost much of its popular support as a result of the Greek debt crisis. When the crisis begun, PASOK was the ruling party and negotiated the first Greek bailout package with the European troika which necessitated harsh austerity measures. It caused a significant loss in popularity as a result of the economic crisis, the party was part of two coalition governments from 2011 to 2015, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Prime Minister Of Greece
The prime minister of the Hellenic Republic ( el, Πρωθυπουργός της Ελληνικής Δημοκρατίας, Prothypourgós tis Ellinikís Dimokratías), colloquially referred to as the prime minister of Greece ( el, Πρωθυπουργός της Ελλάδας, Prothypourgós tis Elládas), is the head of government of the Hellenic Republic and the leader of the Greek Cabinet. The incumbent prime minister is Kyriakos Mitsotakis, who took office on 8 July 2019 from Alexis Tsipras. The officeholder's official seat (but not residence) is the Maximos Mansion in the centre of Athens. The office is described in the Constitution either as Prime Minister or President of the Government (Πρόεδρος της Κυβερνήσεως). This is the reason why the prime minister is also addressed as "Mr/Madam President". Election and appointment of the prime minister The prime minister is officially appointed by the president of Greece. According to Article 37 of t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Andreas Papandreou
Andreas Georgiou Papandreou ( el, Ανδρέας Γεωργίου Παπανδρέου, ; 5 February 1919 – 23 June 1996) was a Greek economist, politician and a dominant figure in Greek politics, known for founding the political party PASOK, which he led from 1974 to 1996. He served three terms as the 3rd and 8th Prime Ministers of Greece. Papandreou's party win in the 1981 election was a milestone in the political history of Greece, since it was the first time that the elected government had a predominantly socialist political program. The achievements of his first two governments include the official recognition of the leftist and communist resistance groups of the Greek Resistance ( EAM/ELAS) against the Axis occupation, the establishment of the National Health System and the Supreme Council for Personnel Selection ( ASEP), the passage of Law 1264/1982 which secured the right to strike and greatly improved the rights of workers, the constitutional amendment of 1985–1986 w ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Motion Of No Confidence
A motion of no confidence, also variously called a vote of no confidence, no-confidence motion, motion of confidence, or vote of confidence, is a statement or vote about whether a person in a position of responsibility like in government or management is still deemed fit to hold that position, such as because they are inadequate in some aspect, fail to carry out their obligations, or make decisions that other members feel to be detrimental. The parliamentary motion demonstrates to the head of government that the elected Parliament either has or no longer has confidence in one or more members of the appointed government. In some countries, a no-confidence motion being passed against an individual minister requires the minister to resign. In most cases, if the minister in question is the premier, all other ministers must also resign. A censure motion is different from a no-confidence motion. Depending on the constitution of the body concerned, "no confidence" may lead to the dism ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Eurobank Ergasias
The Eurobank Group is a financial organisation that operates in Greece, Cyprus, Luxembourg, Serbia, Bulgaria and UK. As of December 2018, the Eurobank Group counts, in assets, 653 customer service locations in Greece and abroad, and 13,162 employees. History The Euromerchant Bank SA (, ) was founded in 1990. It took over 75% of EFG Private Bank (Luxembourg) S.A.'s operations, which was integrated into it 1994. Acquisitions in Greece included Interbank Greece S.A. in 1996-97 and the branch network of Credit Lyonnais Greece S.A., 99.8% of Cretabank in 1998, Bank of Athens in 1999 and 50.1% of Ergobank. In 1997, the Euromerchant Bank SA changed its name to EFG Eurobank S.A. and in 2000 to EFG Eurobank Ergasias S.A. after taking over the renowned Ergasias Bank. A financial products subsidiary was founded in 2007 (49.9% owned by employees). In 2012, the bank sold 70% of the Polish branches called ''Polbank'' to Raiffeisen Bank International. In 2012, the Spiros Latsis associated ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Defunct Banks Of Greece
{{Disambiguation ...
Defunct (no longer in use or active) may refer to: * ''Defunct'' (video game), 2014 * Zombie process or defunct process, in Unix-like operating systems See also * * :Former entities * End-of-life product * Obsolescence Obsolescence is the state of being which occurs when an object, service, or practice is no longer maintained or required even though it may still be in good working order. It usually happens when something that is more efficient or less risky r ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Corruption In Greece
Corruption is a problem in Greece. Transparency International stated in 2012 that corruption had played a major role in causing the Greek financial crisis (although the crisis itself was triggered by the global financial crisis of 2007-2008, and Greece's economy had fared well for most of the period up to the aforementioned crisis ). Tax evasion was described by Greek politicians as "a national sport"—with up to €30 billion per year going uncollected, according to a 2012 estimate. A 2016 estimate indicated that between €11 billion and €16 billion per annum were not collectable. Other significant amounts were uncollected due to VAT (sales tax) fraud and smuggling. In 2016, the OECD, Greece and the European Commission launched a project to increase integrity and reduce corruption in Greece through technical empowerment of the Greek authorities for the implementation of Greece's National Anti-Corruption Action Plan (NACAP). Political corruption is also acknowledged as a signif ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Established In 1980
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the anc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Disestablished In 1999
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the anc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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