Some key tasks pending as Greece edges closer to completing post-programme process
PBO highlights exceptional factors supporting recovery, cautions against complacency
Govt grabs opportunity offered by escape clause to entice voters with support package
Recovery in car sales slows to 2.7 pct in August
Rise of property prices continues with 4.6 pct increase in Q2
Strong response to dual bond transaction takes 2021 debt issuance to 14 bln
Greek banks' capital backstop and the funding gap: An uneasy relationship
The recapitalisation of Greek banks carried out in June 2013 put an end (at that time) to a long period of uncertainty regarding the bolstering of their capital base and ability to raise fresh money from private investors.
The three core banks (Alpha Bank, National Bank and Piraeus Bank) raised a total of 3.1 billion or 14 percent of capital needs from private investors, exceeding the 10 percent minimum private sector participation threshold, also preserving their private...
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