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Fitch puts Greek banks' capital needs between 11.2 and 15.9 bln
Economyof July 12 for Greek bank recapitalisation should be sufficient unless deferred tax assets (DTA) cease... Greek banks’ capital needs, which are projected at 11.2 and 15.9 billion euros respectively under... valuation adjustment to Greek sovereign debt holdings (19.7 billion) broadly in line with the haircut
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The ins and outs of the Greek bank recapitalisation process
Economyon the recapitalisation process for Greek banks. The Eurogroup statement of August 14 sprung...-in is effective as of 1 January 2016. Since the Greek bank recapitalisation process should be completed by the end... and then senior debt bondholders and uninsured deposits (of over 100,000 euros). For Greek banks
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Greek bank recapitalisation: The story so far and what lies ahead
EconomyThe Greek bank recapitalistion process will be one of the most pressing issues that the new... by the European Central Bank (ECB) for the first time – that will determine the capital needs of Greek banks... announcement is reportedly scheduled for the second half of October. Over the last two years, Greek
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Where we stand in the Greek bank recapitalisation process
EconomyThe recapitalisation of Greek banks remains at the forefront of domestic banking and economic... exercises will determine the potential capital shortfall of Greek banks. The resulting capital needs... assumptions, stricter criteria would also translate into a better shield for Greek banks against potential
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Differing views on refugee crisis at heart of Greek-German relations
PoliticsForeign PolicyThe AKP’s resounding win in Turkey’s elections on Sunday is likely to put extra pressure on Greek... to be a politically and economically stable country, but that is a purely Greek interest... needed, or from the EU member states,” he added. Greek Foreign Minister Nikos Kotzias adopted
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ELA ceiling for Greek banks slashed by 7.8 bln to 77.9 bln after recap
EconomyMacroeconomythe Emergency Liquidity Assistance (ELA) ceiling for Greek bank by 7.8 billion euros to 77.9 billion..., when the government signed the third memorandum of understanding (MoU) with eurozone partners. Greek...). In addition, two Greek banks, namely NBG and Piraeus, will receive state aid of 5.4 billion, with 75 percent
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Greek pensions: The unsolvable equation
Agoracontention in Greece and always a politically charged subject in the Greek public debate. The costs... to the accumulation of Greek public debt and the creation of the country’s fiscal deficits. The extent of the issue... in 2010, the equivalent of 2 percent of that year’s GDP. Contributions evaporate By design, the Greek
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Piraeus first Greek bank to repay Pillar II bonds, others to follow
EconomyBankingwill make it the first Greek bank with zero reliance on any of the three pillars of the capital... no longer relies on any of the three pillars means that the appointment of a representative of the Greek..., capital support was provided to Greek banks in the form of preferred shares, while the second pillar
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Complex privatisation fund faces tall order to reduce Greek debt
Economyeuros and will be fully covered by the Greek state. Four key subsidiaries (and their assets... of the Greek banking system and was the key contributor in the first recapitalisation of core banks... billion in another round of Greek bank recapitalisation but its final contribution stood at 5.4
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Moody’s changes outlook for Greek banks from negative to stable
EconomyBankingIn a report released on Tuesday, Moody’s upgraded Greek banks’ outlook to stable from negative... base. The rating agency expects Greek banks to return to marginal profitability in 2016 and 1017... their reliance on the Emergency Liquidity Assistance (ELA) funding, Greek banks are expected to continue
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