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Lenders set out post-MoU reform tasks ahead for Athens
EconomyProgramme) programme, last Thursday’s Eurogroup also outlined the set of commitments that the Greek authorities will have to undertake so the complete set of reforms are successfully signed off. Additionally, two... unified pension fund (EFKA) is expected to be fully set up by mid-2020, while reforms in the health care
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Govt brings energy saving to forefront as cost of support set to skyrocket
PoliticsGreek Politicsministers set to meet on September 9 to discuss bloc-wide interventions, the government in Athens... leading up to the TIF announcements, however energy is set to absorb the lion’s share of spending.... Meanwhile, government sources say the PM intends to set the tone by emphasising the unprecedented
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Greek bank capital increases: A breakdown of what has been achieved
Economy. The issue price of Alpha’s last capital increase stood at 0.65 implying a premium of 48 percent... a discount of 50 percent on the weighted average share price of the last 50 sessions. This process was set... totally for Eurobank, whose capital needs were set at 2.95 billion, and to a lesser extent for NBG, which
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NBG boosts capital base by selling total stake in Finansbank
EconomyBankingat a premium to the current market valuation of 0.8x for Finansbank’s Turkish peers. The transaction...-provision income (PPI). In addition, the group’s net loans are set to decrease by 17.5 billion euros to 46.3 billion after the transaction, while deposits are also set to be reduced by 13.9 billion to 41.9
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EC sets out improvements Athens should make to primary residence proposal
EconomyProgrammeframework. During this two-month extension, a new scheme was set out. Its main principle is to offer..., which is reported to be 250,000 euros, the outstanding amount of the loan, set at 130,000 euros... of the property value, lower interest rates with a 2 percentage points (pps) premium over Euribor
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Newsletter 309 - 24/09/2021
to set out a rival economic plan to the one presented by Prime Minister Kyriakos Mitsotakis earlier... the trade tax for the self-employed. The first polls conducted after government and opposition set out... in the alternative scenarios of lower growth and higher risk premium on refinancing rates, where debt-to-GDP stays
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Newsletter 318 - 26/11/2021
economic and social policy against the current set of circumstances”, adding that with it the government... the ruling conservatives. The way that the campaigns were handled did not set well with some... of the decade and up to 5.1 pct in the period up to 2060. In the higher risk premium scenario, debt
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Newsletter 388 - 07/07/2023
, which will contain the measures that Mitsotakis will set out on Thursday, and the third relates to the labour market and social insurance. Mitsotakis is hoping that these three bills will set... fiscal space for handouts. The reduced risk premium for the sovereign and subsequently the private sector
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Lenders set out 49 milestones for Greece to meet before next bailout tranche
EconomyProgramme. The current set of prior actions involves: 1) Integration into the Unified Auxiliary Insurance Fund (ETEA... percent discount for energy-intensive users. After the completion of the first set of milestones, a second
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Mood sours as focus switches to next set of prior actions
PoliticsGreek PoliticsThe 2016 budget was passed relatively comfortably on Saturday, with all 153 coalition MPs voting for the economic plan, but attention is quickly shifting to the next set of prior actions that Greece.... It should be pointed out, though, that the creation of a task force to set up the new fund is one
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