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Greek banks set for early ELA return in apparent precautionary move
Economy, as well as the much higher participation of Greek banks in T-Bill auctions (3 billion euros), as foreign.... Another development for Greek banks’ liquidity, according to Kathimerini, also emerged from the Swiss... translation of 1.5 – 2 billion euros on domestic deposits. Most analysts expected Greek lenders to make
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DTA may spell new trouble for Greek banks
AgoraAlmost twelve months after Greek banks’ capital increases of 8.3 billion euros and six months after... base albeit with low quality capital. For Greek banks in particular, the legal framework.... According to the article 5 of Law 4303/17.10.2014, Greek banks formed a special reserve equal to 100
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Greek talks go down to the wire as IMF raises major objections
PoliticsGreek Politicsof a Eurogroup at which eurozone finance ministers are due to reach an agreement at the Greek..., the Greek government briefed the media that Athens is upset by last-minute objections from the IMF... in the Greek proposal. The IMF is proposing an increase in the VAT rate on food service from 13 percent
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Greek banks' liquidity position at the centre of attention
EconomyAn extraordinary meeting was held on Friday afternoon to assess the liquidity position of Greek... and CEOs of the five Greek banks (the four systemic banks – Alpha, Eurobank, NBG and Piraeus, and Attica... reporters that Greek banks have a liquidity cushion of around 1 billion euros, which is considered
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The conundrum of Greek olive oil exports
EconomyFeatures, because of the convoluted way in which Greece handles its olive oil exports. Greek olive oils regularly... oils, with very few Greek options. For that, you’d have to visit a specialist deli, or your local.... Compared to other competitors, the quality of Greek olive oil is exceptional. Around 75 percent
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Alexis Tsipras, Nanni Moretti and the future of the Greek Left
Agora. His start was promising. Before becoming the only head of a Greek government in history that did not take a religious oath, he paid his respects to the heroes of the Second World War Greek Resistance in the Athens neighbourhood of Kesariani, where 200 Greek leftists were executed by the Nazi
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Piraeus books losses of 3 bln as NPEs drop by nearly 17 bln
EconomyBankingand the NPE clean-up in the form of loan securitisations and sales. Excluding one-off items, the pre...) in 2021 was 1.59 billion euros, nearly doubling from the 809 million euros of 2020. Excluding one-off.... Impairment charges came to 4.3 billion euros, compared with 1.32 billion euros in 2020. One-off items
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Newsletter 135 - 13/10/2017
tries to plug arrears gap The IMF sees the Greek economy growing by 1.8 percent in 2017 and by 2.6... Greek authorities are meeting with caution. July SBA request why it does not think that Greece will meet a 3.5 percent GDP target agreed to by Greek authorities and European lenders, which
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Cyprus in 2014: Looking ahead
Agorathat would launch the new round of negotiations, and the reluctance of the Greek Cypriot government... losses that they were inflicted due to the haircut, or PSI, of Greek government bonds. The bail... elections in capitals that matter is tightening, and thus unless a common communique is agreed upon soon
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In decision to ally with Independent Greeks, Tsipras takes high risk option
PoliticsGreek Politics, the new Greek prime minister seems to be sending a message to lenders that he is not willing... of profiting from the purchase of Greek Credit Default Swaps (CDS). The other involved a dispute between... strife. It lost eight lawmakers, with many making personal attacks against Kammenos upon their departure
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