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European Commission approves 2019 budget, urges focus to meet end of year reform goals
EconomyProgrammeamounts stemming from central banks' holdings of Greek bonds under the Securities Markets Programme (SMP) and the Agreement on Net Financial Assets (ANFA), and a waiver of the step-up interest rate margin
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Brussels highlights lagging reforms ahead of decision on debt relief measures
EconomyProgrammeinterest rate margin for certain loans provided by the European Financial Stability Facility (EFSF... include the return of income from central banks' holdings of Greek government bonds under the Securities
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Lenders deem second post-MoU review over, Athens waits for debt relief
EconomyProgrammeinterest rate.... the return of profits from central banks’ holdings of Greek government bonds under the SMP and ANFAs
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Debt relief measures move ahead as Athens prepares to use fiscal space
EconomyProgrammethe amount (3.7 billion euros) that is above the normal country quota and carries a higher interest rate... to the income earned on SMP/ANFA bond holdings. The total financial benefit of the measures agreed
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Fifth post-MoU review concludes successfully, EC highlights public investment, NPLs as areas of concern
EconomyProgramme, and a 2.4 percent in 2020. The labour market improves, employment rises and the jobless rate is seen at 15.2... of releasing central bank profits from the SMP and ANFA holdings twice a year. The end of year goals
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Amid Eurogroup stalemate, Athens focusses on extra liquidity available after ECB move
Economyfor TLRTO III, which was lowered by 25 basis points below the average deposit rate last month, reaching... million. Total GGB holdings were in excess of 10 billion euros, which the ECB now accepts for its
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Piraeus Bank posts pre-tax losses of 133 mln in 9M
EconomyBankingbalances. Additionally, more than 1.5 billion SME loans have received an interest rate subsidy.... Management said that this was mainly due to improving funding costs and increased fixed income holdings
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Newsletter 426 - 07/06/2024
as this is the highest rate since 2021 and jumped by over 1.5 percentage points since the end of 2023.... holds is around 3 million euros. He owes 1.8 million euros in loans. Kasselakis has holdings in three
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EU Task Force sees improvements in Greece, tends to damaged ties
PoliticsGreek Politicssectors in Greece, especially after the decision to increase the EU’s share in the co-financing rate to 95 percent from the previous rate of 78 percent. EU funds have long played a significant role... percent each year than it would have without the help from Brussels . This was the third highest rate
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Why did Greece return to bond markets now? Was it the right decision?
Economyfour years. The 3-year 500-million senior unsecured benchmark note was priced at a fixed rate coupon... that participated in the issue. The high rate of participation from hedge funds, which are more... have told the media that Greek banks will now have a lower reference rate, that of the 5-year rather
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