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Coalition hopes it will have more than just Paris at the end of troika talks
PoliticsGreek Politicsto arrange the details of a precautionary credit line with the eurozone before the end of the year... and there is a deal on a precautionary credit line, it gives Samaras something tangible to present... of a precautionary credit line) rather than the measures that Greece will have to adopt to get there. The prime
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Lack of troika deal leaves Greek coalition looking at bailout extension
PoliticsGreek Politicsto conclude the review by the December 8 Eurogroup and then arrange for a precautionary credit line.... A one-month extension means that a deal for a precautionary credit line, which will also come with some... the security that a precautionary credit line would provide (even with dreaded conditionality
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Newsletter 6 - 5/12/2014
Credit Line (ECCL). Due to the Christmas holidays, the Greek and national parliaments would... is to close out the current review in January and agree on the terms of Greece’s precautionary credit line... or a precautionary credit line, Greece will simply not be able to pay these bonds. If the fledgling
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Bank of Greece sees growth at 0.7 pct in 2014, NPLs up to 34.1 pct
EconomyMacroeconomyprecautionary credit programme. The bank's governor Yannis Stournaras also highlighted on Monday his concern... displayed consumer credit and corporate NPL ratio increased by almost 3 percentage points (pp) from... to take on an active role in the sectoral restructuring of the economy by channelling credit to truly
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Piraeus Bank seals milestone deal with KKR over 1.2 bln of non-core assets
EconomyBankingof non-core assets to a new structure managed and controlled by KKR Credit and serviced by Piraeus... as equity participation. The agreement also provides for funds managed by KKR Credit to invest up to 300... classes including private equity, energy, infrastructure, real estate, capital markets, credit strategies
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Proposed VAT overhaul a stepping stone towards agreement with lenders?
EconomyProgrammeand services, replacing the current 13 and 23 percent rates. In case, customers use their credit or debit... are carried out via debit or credit cards. Otherwise, the VAT rate on those products will stand at 9.5... transactions via debit or credit cards are recorded, the government also aims to tackle undeclared income
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Bank holiday to end but capital controls remain and some transactions forbidden
Economycredit or prepaid cards in Greece or abroad are forbidden. · Money transfers abroad are forbidden including use of credit, prepaid or debit cards for cross country payments. · The use of credit or debit
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Average wealth in Greece down by 17.1 pct since last year
Societyin mid-2014, according to the 2015 Global Wealth Report published by Credit Suisse. However, stripping out... increase by 26.1 percent for the European average. Credit Suisse noted that Greece has been... the Greek figure peaked at 136,800 dollars in 2007, Credit Suisse concludes that it will likely
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Alpha, Eurobank sign agreement with KKR for management of NPLs
EconomyBankingIn a joint press release, Alpha and Eurobank announced on Tuesday that they have reached a binding agreement with KKR Credit for the management of credit and equity exposures to a number of selected..., credit and hedge funds. Pillarstone is a platform established in 2015 by KKR and John Davison
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Newsletter 94 - 04/11/2016
the tax credit to 1,600 euros (from its current 1,900 euros) with estimated savings of 1 billion euros... to 3.94 percent. In the household lending sector, the consumer credit floating rate declined by 40 bps.... The key areas in which Greece lags Cyprus are: registering property (141 vs 91), getting credit (82 vs 62
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