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Greek coalition reaches milestones but PASOK looking increasingly weary
PoliticsGreek Politicsmeans that the coalition is also having to focus on the trouble that may lie ahead. The passing... will perform poorly in the May 25 elections, perhaps garnering as little as 5 percent and electing only one MEP. Such a poor performance may lead to Venizelos’s leadership coming under threat or split
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Eurogroup clears next bailout tranches for Greece, sets new goals
EconomyProgrammedue in mid May. The latter involves 2.7 billion related to a special Greek Government Bond (GGB) issued in May 2009 in exchange for Greek banks’ preference shares granted to the Greek State and 4.2... government and the troika. The IMF Executive Board is due to convene sometime in May to approve its next
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21,717,120,000
Agoraof the European Stability Mechanism’s (ESM) paid in capital, which was announced on May 1 as the fund reached its... to weaken the franc. The German taxpayer may not realize it, his or her government may not be willing
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Five things to take away from the first round of Greek local elections
PoliticsGreek Politicsbut few definitive answers about how the country will vote in the European Parliament polls on May 25... by Sunday’s results. For instance, SYRIZA’s breakthrough in Athens and Attica may play... of opposition to one where its candidates are in positions of power. Equally, the coalition may be able
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Bond issued for capital support of Greek banks in 2009 reaches maturity
Economycontribution in kind for the preference shares it received from the banks. The bond was issued on May 21... million on May 21, the same day the pillar bond was due to expire. Piraeus's move is facilitated... a capital increase of 2.5 billion in early May, has indicated that it plans to redeem its preference shares
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PASOK's future hangs in balance as Greece prepares for EU vote
PoliticsGreek Politics, KKE 4.8, IndGrks 3.3, DIMAR 1.8, undecided 12.4 — MacroPolis (@MacroPolis_gr) May 23, 2014 GPO poll..., IndGreeks 3.5, Undecided 10.3 — MacroPolis (@MacroPolis_gr) May 23, 2014 .@publicissue poll... 3, DIMAR 2.5 — MacroPolis (@MacroPolis_gr) May 23, 2014 If the alliance’s share of the vote
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Election results in Greece lift uncertainty, for now
Agorathe substance. This may explain the paradox of the Greek equity market’s post-election performance... ago took a toll. Hence, the government may now find itself with non-coalition MPs supporting its... in the future. Coalition governments will be the way forward. Extreme polarization may “rally
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Drop in Greek retail sales accelerates to 3.4 pct in March
EconomyMacroeconomydecline. The index of retail turnover is persistently heading south YoY since May 2010. Its latest... interim sales period was launched in the first ten days of May 2014 and it would be interesting... an improvement for the third successive month in May, reaching its highest level since February 2010. The latest
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Piraeus Bank reports loss of 247 mln for Q1
EconomyBankingin Q2 so far to 9 billion in May from 18 billion at the end of 2013. Like the other three Greek banks, Piraeus eliminated ELA funding in May so its Central Bank funding currently comprises entirely... and the purchase of state preference shares (related to pillar bonds) worth 750 million on May 21, the pro-forma
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How Greek banks moved into a new era
AgoraThe core Greek banks reported first quarter (Q1) results in the last three days of May. The release... in May 2009 as state aid under the law 3723/2008. At the time, the Greek state issued a special bond (maturing on May 21, 2014), which was its contribution in kind for the preference shares
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