Greek financial crisis News

Allianz, Munich Re’s Ergo Said to be in Talks to Buy Greek Insurer Agrotiki

Allianz SE, Europe’s largest insurer, and Munich Re’s primary insurance unit, Ergo Versicherungsgruppe AG, are in talks to buy Agrotiki Insurance from Greece’s Piraeus Bank SA, said three people familiar with the matter. The price of Agrotiki, also known as …

Russia Rebuffs Cyprus Aid; EU Awaits Bailout ‘Plan B’

Cyprus’ finance minister left Moscow empty-handed on Friday after Russia turned down appeals for aid, leaving the island to strike a bailout deal with the European Union before Tuesday or face the collapse of its financial system. The rebuff left …