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Greek banks’ loan quality is deteriorating
Economyquality accelerated markedly in the first quarter of this year. Local media claimed that around 2... billion increase in NPL stock is equivalent to the total in NPLs that were added throughout the whole
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Lack of liquidity, political cost push Greek gov't to seek swift deal with lenders
PoliticsGreek PoliticsThe meeting between Greek Prime Minister Alexis Tsipras and German Chancellor in Brussels on Thursday appeared to confirm that there is a gradual, but not total, convergence between the institutions... as it would make some 2 billion euros available, it has created a serious political problem
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Newsletter 25 - 08/05/2015
April, a total of 370 million had been transferred by the independent employees’ fund ETAA (100... drop over the last 22 months. April’s reading was eighth straight month with sub-50 reading. 2
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How Greek banks can balance on the collateral tightrope
Agorabonds, stood at 38.5 billion bringing their total Eurosystem funding reliance to 112.8 billion. The ECB... used ELA funding of 76.5 billion by that date. This is higher by 2 billion on the end-April figure
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Newsletter 27 - 22/05/2015
, bringing the total Eurosystem reliance to 112.8 billion. Assuming a current average haircut of around... decline. 2 Cyprus decouples from Greece Minimising danger of contagion must now be a scenario
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Greece makes new proposals in search for deal acceptable to lenders and MPs
PoliticsGreek Politicspercent but short of the lenders’ preferred target of 2 percent. From what is known so far, Athens has.... Greece is also proposing that the profits from the total SMP holdings, which are estimated
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Industry turnover down by 2.3 pct in April for sixth straight fall
Economya double digit rise of 14 percent, yet it makes up just a fraction of the total turnover. Following April... by 2 percent. The breakdown of the April headline figure by region displayed mixed trends for yet
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Tsipras gets strong mandate for deal in Brussels but left with political conundrum at home
PoliticsGreek Politicsto solve after his own coalition lawmakers failed to support it in the necessary numbers. A total of 251.... The problem for Tsipras is that 17 coalition MPs (eight abstentions, 2 "No" and seven absentees all from
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IMF urges substantial debt relief for Greece
EconomyProgrammeneeds of 25 billion euros on top of those mentioned in the preliminary DSA. This brings the total amount... period, according to the IMF. 2) Growth is still assumed to turn Greece from the lowest to among
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Some snags remain in discussion with lenders over new privatisation scheme
EconomyProgrammeloan a targeted total of 50 billion”. Among the pending issues is the legal framework of the new asset... in the 12-month period ending in September 2016 and 2 billion by the end of 2018. The European
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