Nicholas Paphitis

Read the latest stories and analysis from Nicholas Paphitis.

Athenians chat outside a bank as they shelter from a rainfall in central Athens, Tuesday, Dec. 18, 2012. Greece is failing to collect the tax it is owed and is in danger of missing key targets that need to be met to reduce the government's staggering debt pile, the European Union warned on Monday. (AP Photo/Petros Giannakouris)

Standard & Poor’s hikes Greek rating by 6 notches

Nicholas Paphitis · December 18, 2012 9:24 pm

Pedestrians read Greek newspapers posted in front of the Academy building in central Athens, on Wednesday, Dec. 12, 2012. Greece will buy back Euro 31.9 billion ($41.5 billion) of its bonds from private investors at a third of their nominal price, the debt management agency said Wednesday, lightening its crushing debt load and meeting a key condition to receive vital rescue loans.(AP Photo/Petros Giannakouris)

Greece to buy back 31.9 billion euros of bonds

Nicholas Paphitis · December 12, 2012 4:53 pm

Athenians walk past a central Athens branch of National Bank of Greece, the country's largest lender, Tuesday, Dec. 11, 2012. Greece was expected to announce later Tuesday the results of a bond buyback hoped to cut some 20 billion euros off the country's 340 billion euro debt load. Domestic lenders will contribute strongly in the European-funded buyback, which if successful will open the way for disbursement of a delayed international rescue loan payment. (AP Photo/Petros Giannakouris)

Greece to announce bond buyback results Wednesday

Nicholas Paphitis · December 11, 2012 11:42 pm

A woman passes a shopping window of a closed shop, with stickers reading "For Rent" in the northern Greek port of city Thessaloniki, Friday, Dec. 7, 2012. Greece is heading into a sixth year of a deep recession and the European Central Bank warned Friday of another gloomy year for the 17 European Union countries that use the euro, cutting its forecast for economic growth in 2013 from plus 0.5 percent to minus 0.3 percent. (AP Photo/Nikolas Giakoumidis)

Greece’s biggest banks to join in bond buyback

Nicholas Paphitis · December 7, 2012 6:38 pm

Monastiraki metro station is closed during a 24-hour strike by metro, urban railway and tram unions in Athens, Thursday, Sept. 20, 2012. Public transport workers in the Greek capital have joined a growing wave of strikes against new austerity measures that the country's creditors are demanding in return for rescue loans. (AP Photo/Thanassis Stavrakis)

Greek deal on austerity measures still elusive

Derek Gatopoulos, Nicholas Paphitis · September 23, 2012 4:00 am

Greek coalition chiefs to hold new austerity talks

Greek coalition chiefs to hold new austerity talks

Nicholas Paphitis · July 31, 2012 7:04 pm

Greek stocks plunge ahead of austerity inspection

Greek stocks plunge ahead of austerity inspection

Nicholas Paphitis · July 23, 2012 2:54 pm

Evangelos Venizelos, the head of the Socialist PASOK party leaves after a press conference following the meeting with leader of the New Democracy conservative party Antonis Samaras in Athens, on Wednesday, June 20, 2012. The three parties that back Greece's commitments to bailout creditors have agreed in principle to form a coalition government and are negotiating the final details, officials said Wednesday. The agreement follows protracted negotiations between the conservative New Democracy party, the Socialist PASOK and the smaller Democratic Left party, after a national election on Sunday. (AP Photo/Petros Giannakouris)

Conservative sworn in as 4th Greek PM in 8 months

Nicholas Paphitis, Elena Becatoros · June 20, 2012 4:00 am

Leader of the New Democracy conservative party Antonis Samaras, left, meets with Evangelos Venizelos, the head of the Socialist PASOK party at the Greek parliament, in Athens, on Monday, June 18, 2012. Samaras, who came first in Sunday's national election, said he will meet with leaders of all parties "that believe in Greece's European orientation and the euro" this afternoon in order to form a new coalition government. (AP Photo/Louisa Gouliamaki, pool)

Greek coalition talks to enter 2nd day

Nicholas Paphitis · June 18, 2012 6:47 pm

A look at the main Greek party leaders

Nicholas Paphitis · June 17, 2012 9:25 pm

Leader of the conservative New Democracy party Antonis Samaras speaks to his supporters during an election rally at Syntagma square in Athens, Friday, June 15, 2012. Greeks cast their ballots this Sunday for the second time in six weeks, after May 6 elections left no party with enough seats in Parliament to form a government and coalition talks collapsed. (AP Photo/Petros Karadjias)

A look at the main Greek party leaders

Nicholas Paphitis · June 16, 2012 10:21 am

A pigeon flies next of a worker as he places a large light projector to prepared for a final election rally of the New Democracy party Friday night in front of the Parliament at Syntagma square in central Athens, Thursday, June 14, 2012. Greece faces crucial national elections on Sunday, that could ultimately determine whether the debt-saddled, recession bound country remains in the eurozone. (AP Photo/Petros Karadjias)

Greek stocks rocket ahead of crucial elections

Nicholas Paphitis · June 14, 2012 7:25 pm