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Coalition pledges to demolish illegal buildings following Mati fire
PoliticsGreek Politicson the outskirts of Athens very closely with the high death toll in the Mati fire. One of the coalition’s... the human cost of the Mati fire. The next step by the government to show that it is taking decisive
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Government bolsters aid package as questions mount over deadly fires
PoliticsGreek Politicsbe given to those affected by the blazes, particularly in Mati, where the 81 deaths recorded so far... than 1,200 homes in Mati have so far been deemed unsafe. The Greek state will initially contribute 40... in the wake of the fire in Mati, when he paid a visit to the area northeast of Athens on Thursday. He
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PM's strategic bet on Israel meets domestic blowback over Gaza
PoliticsGreek Politics, underscoring the economic dimension of the bilateral relationship. The mayor’s remarks reflect a growing... Authority President Mahmoud Abbas, expressing opposition to Netanyahu’s plan for the full occupation of Gaza
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Greece, Cyprus and Israel bolster trilateral ties as Turkey looms in background
PoliticsForeign Policyinternational law, expressing hope that their resolve “will not be tested.” In sharper remarks, he warned... Ramallah, meeting Palestinian Authority President Mahmoud Abbas - the first Greek prime minister
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Tsipras responds to criticism of SYRIZA record in bid to rally support
PoliticsGreek Politics, and Tsipras imposed the ban on SYRIZA MPs speaking to Skai after the Mati wildfire last summer. However... would have targeted when deciding to lift the embargo on Skai, which was to reach as many voters
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Greek banks' equity raising could keep official support to a minimum
Economy, and hybrid securities is activated. CoCos, which qualify as Common Equity Tier 1 (CET1) capital “pari passu... CET1 ratio falls below the 7-percent threshold or the bank misses the payment of the annual coupon... is registered above the minimum required for disclosure 5-percent threshold. Although media reports
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Athens launches drive to pre-pay part of IMF loan, bringing budget benefits
EconomyProgrammethe process on hold. Although the EFSF is a pari passu creditor, the ESM is a preferred creditor, only... a threshold of 187.5 percent of the country’s quota have a 200 basis points surcharge, while credit that remains above that quota threshold for more than 51 months have 300 basis points surcharge
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Greek primary budget surplus eases to 1.95 bln on back of lower revenues in Aug
Economyrevenue targets included revenues of 884 million euros from the first two instalments of the new... period, only July figure was above this threshold.
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Cabinet act firms up details of CoCos issuance by Greek banks
Economy“pari passu” to common shares. They bear an annual coupon of 8 percent for the first 7-year period after... into common shares in case banks’ CET1 ratio falls below the 7-percent threshold or the bank does
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Newsletter 50 - 06/11/2015
) for the remaining 75 percent. CoCos, which qualify as Common Equity Tier 1 (CET1) capital pari passu... ratio falls below the 7-percent threshold or the bank misses the payment of the annual coupon twice
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