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PM intervenes on bank charges as budget attracts extra support
PoliticsGreek Politicsthat applies to real estate held by banks and servicers will double in order to encourage the financial... to meet with the approval of New Democracy’s traditional audience. Although the PM wanted
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Government hopeful of weathering subsidy scandal despite public’s finger of blame
PoliticsGreek Politicsby by-passing the inquiry in order to minimise potentially damaging exposure in the form of media coverage... of the SYRIZA-led coalition and its aims, including speculation that it wanted to take Greece out of the euro
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Greece takes stock of measures to mitigate Covid-19 impact after Eurogroup reaches deal on latest batch
Economyof a temporary instrument, known as SURE, by the European Commission to provide loans totalling up to 100... instruments, consistent with EU Treaties, will prepare the ground for a decision,” the ministers’ statement read. The reference to “innovative financial instruments” is considered by many analysts
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The key points in Greece's new bank recap bill
Economyis allocated among preference shares and other Core Tier 1 (CET1) instruments, Tier 1 instruments, Tier 2 instruments, subordinated debt and senior debt (in this order) with mandatory conversion of those
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Government in race against time to resolve bailout issues
EconomyProgramme, increasing by 3,350 euros for each child. The quadriga criteria would protect around 17 percent... of 2017. The quadriga mission chiefs arrived in Athens on Tuesday evening and are expected to start
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Progress in bailout talks but foreclosures and NPL management stand in way of agreement
EconomyProgrammeAfter lengthy discussions over the weekend, the key issues remaining unresolved in the negotiations of Greek authorities with the quadriga mission chiefs are foreclosures and management of bad loans... on the NPL sale process. Greek authorities and the quadriga have reportedly reached an agreement
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Athens moves quickly to scrap pension cuts as Eurogroup inches forward on euro reform
EconomyProgramme, implementation and timing of such an instrument for convergence and competitiveness,” said Centeno... there was agreement was enhancing the role of the ESM, both in terms of the “precautionary instruments” at its... of disagreement between member states in recent times. “As regards the instruments for competitiveness
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EquiFund makes official launch in bid to grow Greek businesses
EconomyFeaturesat comparatively favourable terms, the investment instrument will provide an important boost... that "this innovative financial instrument is aimed at all sectors and at every stage of the development
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Newsletter 342 - 17/06/2022
of a new instrument to control spreads in the eurozone. After last week’s regular meeting, when the ECB... instrument will probably have to be moderate and potentially could come with conditionality attached
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High energy prices fuel uncertainty on fiscal front
EconomyMacroeconomyfor now after the announcement by the ECB of a new instrument that intends to cap yields. Greece’s... with increased conditionality that would make the instrument unattractive or reduce its effectiveness could
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