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Fitch rating upgrade seals Greece re-establishing itself as investment grade material
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S&P awards investment grade, bringing arduous cycle for economy to a close
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OECD outlines several areas where reforms could boost growth potential
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PBO draws attention to effects of climate crisis on public finances
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Moody's ups GGB rating by two notches, on par with S&P and Fitch
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Return to investment grade overshadowed by flood destruction
How Greek banks' capital needs could be reduced by 2.3 bln
Citing Ministry of Finance (MoF) sources, local media are reporting that the government is preparing a draft bill which will provide the legal framework for the conversion of Greek banks’ Deferred Tax Asset (DTA) into tax credit.
According to the proposed amendment, Greek banks will have a capital benefit of around 2.3 billion euros, which would reduce accordingly their potential additional capital needs. Those requirements are to be identified by the upcoming EU-wide stress tes...
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