Word: eurobank
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...Greek state must also go global. Athens needs to lure foreign investors aggressively, which means everything from offering tax breaks to helping investors navigate the bureaucracy associated with setting up shop. "We must transform Greece into a welcome place to do business," says Nikolaos Karamouzis, deputy CEO of Eurobank EFG, an Athens-based bank with $84 billion in assets in 10 countries...
...Greek state must also go global, say business executives and business analysts. Athens needs to lure foreign investors aggressively, which means offering everything from tax breaks to helping investors navigate the bureaucracy associated with setting up shop. "We must transform Greece into a welcome place to do business," says Eurobank's deputy CEO Nikolaos Karamouzis. The potential for future investment - in tourism and renewable energy in particular - is promising. Wind-energy generation alone is expected to increase fivefold in the next decade. "The new Greek government seems determined to push the 'green economy' and is taking measures in the right...
...source of capital. The lending of hard foreign currencies soon spread out from London. Among the first to handle such loans was the Soviet-owned Banque Commerciale pour I'Europe du Nord in Paris, which has the telex address "Eurbank." The offshore dollars thus were first called Eurobank dollars and then simply Eurodollars...
...Eurodollar ten years ago, and probably gave it its name. Soviet-controlled banks in Western Europe began accumulating dollar balances and, fearing that they might be frozen if deposited in the U.S., loaned them to other European banks. The cable address of the Soviet-backed bank in Paris was "Eurobank," and so financiers began asking for "Eurobank dollars" and finally just "Eurodollars...
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