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Sallas exit from Piraeus marks end of era in Greek banking sector
EconomyBanking(BoD) meeting on Wednesday afternoon, marking the end of an era in the Greek banking sector. Sallas... was the last of the bankers that dominated in the Greek banking market over the past decades, after... in early April 2013. Born in Heraclion, Crete in 1950, Sallas played an active role in the Greek
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ECB increases ELA ceiling for Greek banks by 400 mln for first time since summer 2015
EconomyMacroeconomyLiquidity Assistance (ELA) ceiling for Greek banks by 400 million euros to 46.6 billion following... of Greek banks, taking into account private sector deposit flows,” BoG noted. This is the first increase... then, the increase fuels concerns about extended deposit outflows in the Greek market, amid uncertainty over
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Greek, Turkish foreign ministers discuss sticking points ahead of Mitsotakis-Erdogan talks
PoliticsForeign PolicyThe Greek and Turkish foreign ministers had an opportunity during their bilateral meeting...-level meeting of the Greek and Turkish leaders in September, on the sidelines of the United Nations... the Greek Foreign Minister. Gerapetritis reportedly raised the incident that took place in mid-July
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Cancelled leaders' meeting in US emphasises stalemate in Greek-Turkish relations
PoliticsForeign PolicyThe cancellation of a planned meeting in New York between Greek Prime Minister Kyriakos Mitsotakis..., which was eventually cancelled by the Turkish side. The other move that Greek diplomats.... But the Greek Premier is unlikely to meet with the Turkish President this week during the European
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Between Scylla and Charybdis
Agoraimpact on the Greek economy, hitting budget revenues hard and throwing the overall budget off track..., has submitted more updated conditionality documents and the Greek government has made a number... and is not even willing to engage in discussions with the Greek government on its request for a new, third
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Newsletter 43 - 18/09/2015
the first bailout in 2010, all Greek governments have started off with ample majorities, only to see them..., a measure voted in the Greek Parliament on August 13 to counterbalance the lowering of the VAT rate... framework for the recapitalisation process of the Greek banks, which is due to be completed by the end
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Newsletter 22 - 03/04/2015
, 555.6 million relates to the one-off presubscription fee the HFSF received from Greek banks in 2012... the rollover of 4.6 billion in T-Bills) were the highest in the first quarter of 2015, the Greek... that were issued last October and mature on April 14. Due to the Greek Easter bank holidays
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Newsletter 176 -28/09/2018
prove crucial to the process. The Greek government is likely to have to wait until the December 3... be cleared up by then so it could submit the final 2019 budget to Greek Parliament by the end of November... of the European Commission reviewing the draft budget, which the Greek government is due to table
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Greek tourism's long-term growth prospects are good, report shows
EconomyMacroeconomyThe direct contribution of travel and tourism to Greek GDP reached 13.3 billion euros (7.6 percent... to grow by 2.2 percent in 2016, with estimated international tourist arrivals at around 25 million. WTTC estimates arrivals will reach almost 38 million in 2026, generating expenditure of 23.3 billion
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Are things looking up for Greece's privatisation programme?
EconomyIn its latest weekly credit outlook published on Monday, Moody’s said that the “Greek privatization program looks to exceed targets by year-end, a credit positive (for the sovereign... offer for Hellinikon stood to 915 million. Of this consideration, 33 percent was due to be paid upon
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