Search
-
Amid exit speculation, growth strategy offers chance for coalition to show intentions
PoliticsGreek Politicsthe MoU rather than relying on a precautionary credit line. “There is no need to predict whether we will succeed without a credit line or not,” Deputy Economy Minister Stergios Pitsiorlas told... Evangelos Venizelos insisted that Greece should ask for a precautionary credit line even though he
8% -
Green light for next bailout funds as Commission stands ground on post-MoU scenarios
EconomyProgrammeview that a precautionary credit line would not be needed if Greece builds up a cash buffer... of reverting to a credit line exists. The comments were welcomed by the government in Athens, which insists that the prominent debate about the precautionary credit line within Greece over the last few
8% -
Whether an "early" or "clean" exit, it's the same old story for Greece
Agoraabout whether a precautionary credit line is needed or the fact that demanding fiscal targets... the idea of an enhanced conditions credit line (ECCL). The Greek public was also unimpressed as it had... whether a safety net was needed in the form of a precautionary credit line, even if it is just
8% -
Piraeus Bank sells first real-estate backed NPE portfolio worth 1.95 bln
EconomyBankingposition in Greek non-performing credit, a market with circa 100 billion euros of NPEs”, said Alon Avner, a Managing Director and Head of Bain Capital Credit’s European business. NPE Performance Piraeus... in credit card debt and unsecured overdrafts which have not been serviced for around 5 years, coming
8% -
Despite fresh uncertainty, Tsipras insists focus is on four-year term
PoliticsGreek Politicsof a precautionary credit line. Speaking in Parliament on Thursday, Deputy Prime Minister Yiannis... in Athens, whether this is regarding the precautionary credit line or the timing of the next elections. Regarding the credit line, it is highly unlikely that the coalition will alter its course of its own
8% -
How 'clean' can an exit be? Athens snared between Rome and Berlin
Agoraa precautionary credit line (PCL) to lend support to Greece in a post-programme arrangement. They argue.... The policy makers in Frankfurt have repeatedly argued that a precautionary credit line would help... a key similarity with a precautionary credit line: the raison d’être for both of them
8% -
S&P revises outlook to positive, sees encouraging signs after debt deal
EconomyHaving updated Greece’s credit rating ahead of schedule at the end of last month in response...’ and Moody’s on ‘B3’, which is a ‘B-‘equivalent. At ‘B+’ Greece’s credit rating remains... banks could provide credit to the more productive parts of Greece's critically important small
8% -
Banks try to build on growing confidence
EconomyBankingWith the programme exit now just around the corner and as credit rating agencies and investors... to investment grade status. Sources said that at least two banks were in advanced talks with credit rating... individual restructuring solutions. The Italian bank is an independent credit servicer listed on the Milan
8% -
Newsletter 180 -26/10/2018
worsened by 857.2 million to 909.6 million from 52.4 million a year ago. Credit contraction slows to 1.3 pct in Sept Outstanding balance decreases to 176.83 billion Credit contraction in the Greek market..., the household loan sector balance declined to 57.40 billion euros. Consumer credit declined by 12.7 million
8% -
BoG highlights areas of concern in underlying NPE data
EconomyBankingand dynamics of the most challenging legacy that the crisis has left for the country’s credit institutions... the determined focus by Greece’s credit institutions. More specifically, the level of exposures... of credit risk. Unlikely to pay exposures stood at 27.8 billion euros, which is 31 percent of NPEs
8%