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All eyes on Piraeus as share price tumbles amid coupon payment concerns
EconomyBankingthat took place in 2015, Piraeus Bank had issued 2 billion euros of convertible bonds (CoCos) that pay... Central Bank regulations as part of the pandemic-related framework, banks are not allowed to pay out... capital increase would exclude the state and the holding of HFSF would be significantly diluted
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PM announces more voter-friendly measures ahead of polls
PoliticsGreek Politicsfor pensioners whose retirement pay did not increase this year due to the so-called “personal difference... with the 72- and 120-instalment schemes to pay off their dues to the state will be allowed to rejoin... by the energy crisis. If they pay an amount equal to two of the missing instalments, they will be allowed
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Greek banks' Eurosystem funding jumps to 87.4 bln in Jan, ELA at 5.2 bln
EconomyMacroeconomypurposes. Greek banks are holding almost 38 billion EFSF bonds. According to their 9-month financial...Greek banks’ Eurosystem funding jumped by 31.44 billion euros month on month (MoM) to 87.48 billion... scheduled publication for February is due next week. The stock of Central Bank funding is the highest
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Newsletter 356 - 21/10/2022
to pay off in political terms as voters can measure the assistance more easily. Nevertheless... holding in the four systemic banks, the stake in Alpha Bank is 9 pct and Eurobank at 1.40 pct. The HFSF also has a holding of just short of 63 pct in Attica Bank. According to the latest data from
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Newsletter 18 - 06/03/2015
billion to the IMF in four tranches, on March 6, 13, 16 and 20. In addition Greece has to pay 1.08 billion... role across the board. Varoufakis also caused raised eyebrows when he said he was against the pay... and that he opposes the granting of pay rises at this stage. The difference of opinion over the PPC
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Newsletter 22 - 03/04/2015
a crucial week, during which it must raise a reported 750 million euros in a T-Bill issue and pay back... of the government are as confused as ever. At least two ministers have suggested that Greece might not pay the IMF... run out of money on April 9, when the IMF payment is due. If Greece does not pay the fund, managing
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Credit origination and transmission: Are Greek banks part of the problem or the solution?
Agorathe highly contentious issue of how to identify the transfer value of impaired assets and who could pay.... The challenge Greek SMEs face in finding access to finance will continue to make the search for feasible... ratios require domestic lenders to step up their provisioning, thus binding already scarce capital
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Ahead of Eurogroup, Greece juggles funds to cover liquidity shortage
EconomyProgrammemillion euros. Athens has to pay an additional 1.23 billion euros in the next two weeks in three tranches... that the state will just pay wages and pensions. We understand that this would increase again arrears... obligations. According to the proposed law, those who will pay their full principal amount until
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Tsipras ponders delaying snap elections until debt relief talks start
PoliticsGreek Politicsto a discussion about reducing Greece’s debt, possibly by holding elections in early November... irresponsible and jeopardising the deal by holding snap elections in September. It is clear from the swift way... interest groups, such as farmers. Also, Greeks have to pay several billion euros in income, property
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From Berlin to Brexit
Agoraand the fact the UK was holding its Leave/Remain referendum on the same day. “For now,” I replied... is synonymous with the challenges of immigration, with job difficulties, low pay and declining social standards... populists and nationalists to step in, holding the EU up as a convenient target for this festering
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