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First visit by quadriga to Athens leaves series of issues unresolved
EconomyProgrammefor November. The pension issue would probably constitute another key stumbling block next month. Bank... for banking recapitalisation would be made available after the first review and no later than November... to be tabled and voted within the week so the disbursement can take place in the first week of November
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Final structure of bank recap taking shape, cautious optimism for outcome
Economyand amount of capital increases can be expected in the first week of November. Once the required approvals... to be held within November, capital increases via private investor participation can be expected in the second half of November. *This analysis appeared in our weekly e-newsletter on Friday. The e-newsletter
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Eurobank makes 877 mln bond exchange offer to cover part of its capital shortfall
EconomyBankingto commence on or about November 4 and last until November 11. Piraeus initiated Greek banks’ LMEs... of November. According to Reuters, total capital needs are seen at around 14 billion, while the amount
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Eurobank presents 2.12 bln equity raising plan to cover capital needs
EconomyBankingbuilding will take place next week (as of November 9), while the Extraordinary General Meeting (EGM) approval, the announcement of the capital increase and the LME results are expected on November 16... reverse split are anticipated in the last week of November. At the end of September, Eurobank had
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Paris attacks change backdrop for Tsipras visit to Turkey
PoliticsForeign PolicyPrime Minister Alexis Tsipras' first official visit to Turkey (November 18-19) has suddenly turned... territories (November 25-26) and Paris at the end of the month to attend the United Nations Conference... as a preparatory meeting before the EU–Turkey Summit on November 29. Tsipras will present the European
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Government tables 2016 budget, upgrades GDP forecasts but leaves fiscal estimates unchanged
EconomyMacroeconomyNikos Voutsis said it will be discussed in the Economic Affairs Committee on November 25 for four... for the third quarter released by the Hellenic Statistical Authority on November 13, MoF revised its... estimates released in early November, which saw a GDP contraction of 1.4 percent. For next year, the EC
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New Democracy to take second stab at leadership vote on Dec 20
PoliticsGreek Politicsthe fiasco on November 22, when the IT system failed and the ballot had to be cancelled after New... in November have had any impact on the popularity of the candidates. All of them have tried to distance themselves from the fiasco. Before November 22, the party’s current leader Evangelos Meimarakis appeared
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Addressing some misconceptions about Greek budget revenues and unpaid taxes
Agorato a great extent. Tax revenues outperformed Direct taxes reached 17.74 billion euros by November, beating... million euros by September and October before turning to an over-performance by November... year. This means that although tax revenues met their target for January to November 2015, mounting
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Travel receipts rise 16 pct in Nov as surplus soars 84.3 pct
EconomyMacroeconomyGreece's travel receipts rebounded by 16 percent in November after a 4.1 percent drop in October... million euros in November, while the corresponding payments stood at 165.7 million, which represents... to 12.13 billion. Unlike the trend evident in November, the growth in the 11-month receipts is fully
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Wide range of exacting issues lie ahead for Greece in first bailout review
EconomyProgrammepercent are almost fully protected from the new foreclosure law voted in mid-November. For the remaining... sub-tranches of 2 and 1 billion were disbursed on November 23 and December 22 after... additional financing of 3.7 billion euros in November and 3.2 billion in December, which probably
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