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Review demands put spotlight on Greek banks
EconomyBankingbanks Common Equity Tier 1 (CET1) rations range between 16.5 and 17.9 percent. Rice’s request... laundering authority. The bank’s shares fell by more than 20 percent on Wednesday but Piraeus said
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Newsletter 132
be made for 10 years. He also pledged to reduce corporate tax from 29 percent to 20 percent, cut... by an increase of 1 billion euros in the services balance, and improvements in the primary and secondary income
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Newsletter 134
the Medium Term Fiscal Strategy (MTFS), led by 1.1 percent growth in private consumption and a 1... debt servicing to 15 percent of GDP in the medium and 20 percent in the long-term as well as the fixing
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Review gathers pace as mission chiefs prepare for Athens return
EconomyProgramme. It is estimated that at this stage, around 20 of the 95 prior actions have been ticked off. One... on Thursday that this amount could be as high as 1 billion euros and that it would go to the social
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PM hopes to avoid stumbling blocks amid numerous outstanding review actions
PoliticsGreek Politicsas only around 20 of the 95 prior actions have been carried out. Finance Ministry officials told... out as much as 1 billion euros to various social groups at the end of the year. The coalition sees
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Sub-tranche for arrears approved as round of review talks draws to close
EconomyProgrammesuggested that the figure could be in the region of 1 billion euros, or around 0.5 percent of GDP. However... actions required, of which only around 20 have so far been completed.
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Why it makes sense for ESM to swap Greece's IMF loans
Agorain a cushion of 20 billion euros of programme financing being left aside. To date, the ESM has disbursed... exceeds 1 percent of GDP until 2013, when it drops to 0.7 percent. The IMF loans also represent a decent
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Athens set to profit from falling borrowing costs as yields drop ahead of review completion
EconomyFeatureswere a strip of 20 issues that matured between 2023 and 2042, with escalating coupons that started at 2... Management Agency (PDMA) rolled over on Wednesday a 3-month T-bill with a yield that fell below 1 percent
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BoG sees ample capital space for banks to sell bad loans
EconomyBankingfor the sale starts at 3 percent of the portfolio’s nominal value, up to 20 percent. This is measured.... The analysis finds that in scenario 1, Greek lenders can sell the entirety of the consumer loan
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Athens prepares for bond issue, eurozone works on growth/debt mechanism
EconomyProgramme. Provisions reportedly include a ceiling of 1 percent of GDP on annual interest payments and a 2... in, extending the 15-year grace period to 20 years. The package could also include the ESM using
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