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Rating agencies concur in improved prospects for Greece
EconomyThe June 15 Eurogroup agreement that concluded the protracted second review of Greece’s programme... both credit rating by one notch to ‘B-‘, and the outlook to positive from stable. The latest activity... in territory that deems the country’s debt speculative and subject to high credit risk. The positive
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S&P raises Greek rating to 'BB-' on reduced fiscal risks, lifting of capital controls
EconomyS&P raised on Friday its credit rating for Greece by one notch, taking it to ‘BB-’, and kept its..., prompting the improved credit ratings score. Explaining its rationale, the agency highlights... in June this year. Additionally, Greek banks have an improved framework at their disposal
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What does a bailout exit with a precautionary credit line mean for Greece?
EconomyProgrammethat “there is a strong support for a precautionary credit line in a form of Enhanced Conditions Credit Line (ECCL).” But what does this mean for Greece? This is quite different from the hybrid credit line proposed by the Greek Finance Minister Gikas Hardouvelis, which would consist of a new credit line
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Despite speculation, post-MoU credit line seems unlikely
EconomyProgrammefor a precautionary credit line to support its exit from the programme in the summer. The working... during the meeting that Athens taking out a credit line would be a more preferable exit option.... If there is no credit line, and therefore no clear conditionality, the ECB would not be able to accept Greek
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Mitsotakis, ND officials rebuff suggestion of credit line
PoliticsGreek Politicsthe suggestion that if their party wins the elections it will apply for a precautionary credit line from... this would be accompanied by an application for a precautionary credit line that would allow Greece... adjustment programme as the precautionary credit line would come with conditionality. SYRIZA officials lined
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Newsletter 365 - 13/01/2023
incurred from the Private Sector Initiative (PSI) and credit loss projections for 14 Greek banks resulted... late last year, when the latter visited the offices of a telecommunications provider to ask... banks have experienced a rather tumultuous decade and no shareholder has been hurt more than HFSF
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Finance Ministry wavers as revenues remain at the forefront
EconomyProgrammebut only via ATMs. At the same time he rejected rumours on taxing credit card transactions, money... results, as in the case of other countries, the Greek experience suggests the results... June 26. According to a previous MoF announcement, revenues collected from the settlement process
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Newsletter 40 - 28/08/2015
at the end of 2014, of which 12.8 billion relates to deferred tax credit (DTC) that is recognised... in June. The slowdown reflects the imposition of capital controls as of June 29. The outstanding balance.... As many other popular politicians across Europe have had to painfully and unexpectedly experience
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For better or worse: Greece's bailout exit deja vu
AgoraEvery single organisation around the world that assessed the debt deal Greece was granted on June... experience of how effective the IMF could be in extracting concessions from Athens. In 2014, for example.... One option was an Enhanced Conditions Credit Line (ECCL). The other was to use the remaining funds
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Politicians have commissioned, and largely ignored, multiple reports on wildfires
Societyof the evacuation alert system which they implemented in 2019, which they credit with saving human... or fallen in the storm remained by the roadsides into June, when the PM called a series of emergency preparedness meetings for the wildfire season. In June, the Directorate of Civil Protection stepped
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