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National Bank reveals capital plan, which includes sale of whole Finansbank stake
EconomyBankingthat the Finansbank sale is not expected to be concluded within 2015 so the bank will seek official.... However, the official capital support from the HFSF would trigger the bail-in instrument, meaning... of official capital support via the HFSF is split between shares (25 percent) and CoCos (75 percent). NBG
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Greek banks complete book building: A recap of where we stand
Economyand will seek official support to cover their capital hole under the adverse scenario. Assuming that NBG will raise an additional 300 million euros from the announced Greek public offer, the official... billion euros. This official support via HFSF will be provided in the form of Contingent Convertible
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Honey, I shrunk the Greeks vol. 2
Agorarestructuring and would need official financing on favourable terms so debt sustainability was not aggravated... the debt is not addressed and it does not calm markets As official financing is used to meet private... to the official claims and as such no one is willing to lend to that country and market access is not achieved
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Government faces tight schedule for amendments to bailout legislation
EconomyProgrammestance on the matter. According to the latest official data, state guarantees to state-owned enterprises... actions and the official conclusion of the review, the next steps involve the publication of the relevant... of national parliaments before the ESM takes the official decision for the disbursement of the 7.5 billion
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The joke's on Greece
AgoraA Greek businessman, a Greek minister, a Greek opposition MP and a German official go... government’s fault,” said the German official before going on to explain the complexity of the current... on the lenders’ side. That leaves the German official to give a balanced take of the situation, admitting
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Bond issue decision expected as clock ticks down
PoliticsGreek Politicsmedia and has not been backed up by any official statements or indications. An unnamed government official told CNN.gr that the government could comfortably swap the five-year bond issue in 2014..., beyond the main aim, which is the IMF meeting,” the official is quoted as saying. It is clear
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IMF sees eurozone debt relief pledges failing to deliver sustainability
EconomyProgramme) framework due to the majority of Greece’s debt consisting of official sector loans with favourable... horizon under consideration (until 2080 in Greece’s case) to cover the maturity of the official loans...). The Fund does not see any material revenues from the state’s holdings in banks. Official interest rate
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Clean exit under discussion but course of third review holds key
EconomyProgrammeits debt commitments in coming months. Speaking to Reuters on Wednesday, a senior government official... official told Reuters that the aim is to conduct two or three issues after the third review has been... official pointed to the redevelopment of the former Athens airport at Hellenikon as one example
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Fitch upgrades Greek rating to 'B,' sees hybrid MoU exit and 2.1 pct growth this year
Economyto be completed smoothly and Greece’s official creditors to grant substantial debt relief this year... finances will remain on the path agreed with Greece’s official creditors, reaching and maintaining... or reversal of reforms, declining prospects of debt relief by official creditors and adverse
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Clearer roadmap for completion of third programme emerging
EconomyProgrammein Brussels yesterday ahead of Monday’s Eurogroup, a senior EU official said that the programme progress... regarding a possible extension of the current programme, the official expressed his surprise... by Gerry Rice during the regular press briefing on Thursday when the Fund official clarified
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