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Ben Bernanke said the Federal Reserve and the US financial watchdog were "looking into a number of questions" related to banks' derivatives arrangements with Greece. Photo by abc.net
The role of Wall Street firms in deals that may have helped Greece mask its debt woes are under scrutiny in the US, the Federal Reserve chief has said.
Ben Bernanke said the Federal Reserve and the US financial watchdog were "looking into a number of questions" related to banks' derivatives arrangements with Greece, the BBC reported.
Goldman Sachs was the only firm which Bernanke mentioned by name. Earlier this week a Goldman Sachs boss defended the bank's 2001 debt-swap deal with Greece that may have allowed the country to mask the extent of its debt woes.
Gerald Corrigan, chairman of Goldman Sachs Bank USA, the bank's holding company, said it was "consistent" with the regulations of the time.
A criminal network linked to Bulgaria has been accused of defrauding dozens of elderly people in northern Greece through an elaborate telephone scam that resulted in losses exceeding 600,000 euros, according to Kathimerini.
The United States is expanding shipments of liquefied natural gas to Southeast Europe and Ukraine via Greece, according to remarks by the US Ambassador to Athens, Kimberly Guilfoyle
Greece has raised its minimum monthly wage to 920 euros as of today, marking an increase from the previous level of 882 euros, according to official information
Greece has reportedly expanded its regional air defense involvement, including measures linked to the protection of Bulgarian airspace, amid heightened tensions in the wider Middle East following strikes involving the US, Israel and Iran
Eurostat provisional estimates, cited by Bulgaria’s National Statistical Institute, indicate significant disparities in GDP per capita across the European Union in 2025 when measured in purchasing power standards
A 23-year-old Bulgarian man has been arrested in Thessaloniki following a rapid police operation after a series of crimes committed within a short timeframe in northern Greece
NEW POLL: HUNGARIANS UNITED ON NEED FOR A ‘DIFFERENT’ RELATIONSHIP WITH THE EU, BUT DIVERGENCES REMAIN ON UKRAINE
The Kremlin has announced that Russian President Vladimir Putin has ordered an “Easter ceasefire” in the war in Ukraine, declaring a temporary halt in hostilities lasting around 36 hours
A group of Members of the European Parliament has raised concerns over the potential leakage of confidential EU information to Russia, urging stronger safeguards within the European Parliament
Moldovan President Maia Sandu has formally enacted legislation withdrawing the country from the Commonwealth of Independent States (CIS), marking a decisive step in Chisinau’s gradual disengagement from Russian-led structures
The European Public Prosecutor’s Office (EPPO) has carried out a series of coordinated investigative actions across several countries, including Bulgaria and Romania, as part of a probe into suspected large-scale fraud involving EU funds
A fragile ceasefire between the United States and Iran has coincided with escalating tensions over the Strait of Hormuz, where Iran has moved to tighten control over one of the world’s most critical maritime routes
Aniventure Comic Con Returns to Bulgaria with Star Guest Christopher Judge!
Global Fuel Shock: Oil Jumps Over 40% Since Iran War Began
