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ND aims to show progress at Eurogroup but QE unattainable for now
EconomyProgrammeas the ECB was winding down QE. As the country's credit rating was below investment grade... Moody's did not even update its credit rating last month. Moody's stressed the challenges that Greece... and with its reform drive will be able to speed up its credit ratings upgrades and become eligible
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Athens takes heart from Gentiloni, Lagarde comments but still has distance to cover
EconomyMacroeconomybe the possibility to seek again credit or resume other business activity. Aside from this thorny political... endorse it, this will further strengthen Greece’s credit rating and bring it to a level of eligibility... to be covered before reaching the promised land of QE and have focused on accumulating credit rating
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Amid Eurogroup stalemate, Athens focusses on extra liquidity available after ECB move
EconomyAthens would be willing to enter into a credit line agreement that would involve any conditionality... of the Eurosystem, which will support credit to the economy by easing the conditions for the use... the waiver of the minimum credit quality requirements since Greece’s marketable debt securities remain
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Greece takes first round against Covid-19 but fight continues
Agoraand The Guardian, the Greek government is given credit for acting swiftly on scientific advice despite having only recently emerged from a decade-long financial crisis. A number of commentators credit.... It is to the credit of the decision-makers involved that they recognised their predicament and saw
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Newsletter 252 -29/05/2020
credit line, which due to its inherent conditionality has been dubbed “another MoU”, evoking negative... on Monday as a lone voice in favour of taking advantage of cheap credit wherever it is available. BoG... said. Stournaras also said that he will recommend the use of the ESM’s pandemic credit line
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PMI rises to 41.1 points in May but manufacturer pessimism persists
EconomyMacroeconomyof contraction was among the strongest since the depths of the credit crisis in 2015. Difficulties... poor, driving lower hirings. Expectations of a prolonged recovery and difficulties accessing credit... and challenges accessing credit featured heavily in the reasons for pessimism among manufacturers
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Newsletter 254 -19/06/2020
percent tax credit for companies’ R&D spending, a 50 percent tax credit for “business angel... (BoG) released statistics for the first quarter (Q1) of 2020 regarding the operations of Credit
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Fitch keeps Greece at 'BB' rating as risks remain on horizon
EconomyAs was broadly expected, on Friday night Fitch kept Greece’s credit rating and outlook unchanged, at ‘BB’ and stable. Following a tumultuous year due to the pandemic, Greece finds itself with stable... to a credit rating downgrade. The next credit rating review for Greece is scheduled by S&P on April 23.
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Hercules nears end of its first cycle with National Bank's participation
EconomyBankingaccount for 18 pct, while consumer credit comprises 5 pct. Hercules was launched by the Greek government... in guarantees. In keeping the country’s sovereign credit rating unchanged at “BB” last week, rating... on those three fronts would lead to a credit rating downgrade. Bad bank In its most recent financial
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Newsletter 283 -05/02/2021
. Of the rest, corporate and structured business loans account for 18 pct, while consumer credit... credit rating unchanged at “BB” last week, rating agency Fitch listed more aggressive treatment of bad.... On the other hand, adverse developments on those three fronts would lead to a credit rating
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