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  1. Banks enhance steps to deal with NPLs ahead of stress test
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyBanking

    as an additional measure alongside the electronic auctions of repossessed properties​, ​which are set to begin... to grant new loans at lower rates, thus minimi​sing the credit risk that has left funding stagnant...Greek banks ​will be able to bolster their protective measures against the large number of non

    6%

  2. EC autumn forecast lowers growth for 2019 on pending budget finalisation
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    after the government indicated its intention to replace the 2019 pre-legislated measure on pensions... are the downside risks. Greece has built a solid fiscal record over the last few years and performance... as planned, in a fiscally neutral way by adopting counter measures in social spending and public

    6%

  3. Fiscal issues dominate talks as fourth post-programme review ensues
    Photo by MacroPolis

    EconomyProgramme

    measures, but it does not seem that the Greek authorities are willing to consider the measure... areas that require the sign off from the country’s lenders. The finance ministry has estimated that roughly 1.2 billion euros of fiscal space will be required to accommodate tax relief measures

    6%

  4. Who’s afraid of Angela Merkel?

    Agora

    was: “You know me.” This was the closest a campaign has come to Adenauer’s “No experiments” in the late.... Cooperate and vanish? The big question for the victorious chancellor is now: “With whom will I govern..., it will not be easy to form a coalition in this new four-party parliament. Die Linke has been ruled out

    6%

  5. Credit origination and transmission: Are Greek banks part of the problem or the solution?
    Photo by Harry van Versendaal

    Agora

    such as (i) work out alternatives, (ii) the externalisation of NPLs into a special purpose vehicle (SPV... of the accumulated stock of NPLs could be sold. The stock exceeded 65 billion euros in mid-2013 and has not yet reached its peak. A more positive perspective on distressed debt management has not been helped

    6%

  6. Europe missed an opportunity on banking union
    Illustration by Manos Symeonakis [http://www.cartoonmovement.com/p/6035]

    Agora

    , an amount that is clearly paltry if one considers that rescuing Greek banks has already cost 40 billion..., Mrs Merkel has already demolished this third pillar by ruling out any possibility of the ECB... are either unable to do it or would blow their public finances sky high if they had to even attempt it. I am

    6%

  7. Primary surplus narrows to 2.4 bln in October as revenues miss target

    Economy

    the year to date figure to 9.68 billion, which means there has been an average monthly increase of 1.08 billion this year. Tax refunds fell 56.3 percent in October, however the 10-month figure has.... I reached 361 million, which widened the 10-month deficit to 601 million compared to a target

    6%

  8. Eurobank posts loss of 523.7 mln in Q4 2014
    Photo by MacroPolis

    EconomyBanking

    in February making up two-thirds of total Eurosystem funding. The bank also disclosed it has ELA... bonds etc. The bank noted it has an unencumbered liquidity buffer of 10.8 billion euros in Greece and 4... percent. The bank’s Common Equity Tier I (CET1) ratio fell to 15.2 percent in Q4 from 16.1 percent

    6%

  9. How does ECB's decision on Greek banks' T-Bill exposure affect state liquidity?
    Photo by Kiefer via Flickr https://flic.kr/p/q2j8Dt

    Economy

    has been happening in the issues so far this year. Taking into account that Greek banks are now legally bound not to increase their T-Bill holdings, we understand that this gap has to be covered... essentially relates to a 10 percent annual dividend on Greek banks’ state preference shares (pillar I

    6%

  10. Referendum and the ECB to determine the future of Greek banks
    Photo by MacroPolis

    Economy

    then, it is estimated that the ELA liquidity buffer has been reduced to around 25 billion. Assuming... Greece has to redeem a GGB of 3.5 billion held by the ECB. Although rating agencies have noted... shareholders (including private shareholders and the Hellenic Financial Stability Fund - HFSF), Tier I

    6%