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Buying time: The delayed crisis of democratic capitalism - a review
AgoraII development these policy instruments served as short-term fixes – or capital injections...’ of capital markets, and making those who can least afford it pay for the rest of their lives. The new... the authorities fail to collect from its better off citizens. Streeck highlights the extensive capital
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National Bank starts 2014 posting net profit of 181 mln in Q1
EconomyBankingof 2013. It is noteworthy that ELA funding is zero since Q3 2013. Following the capital increase of 2.5 billion completed in early May and including capital actions of 1.04 billion that have been... reach 11.6 percent. On the upcoming capital actions of 1.04 billion, the management noted
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Alpha Bank acquires Citigroup's retail banking unit in Greece
EconomyBankingat 2 million euros, is capital neutral for Alpha and is expected to contribute positively to Alpha pre... oversubscribed by institutional investors from 15 countries. Alpha is the third Greek bank to tap debt capital... in the bank’s share capital will be reduced accordingly, from 69.9 to 66.4 percent. The warrant exercise
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Greece changes banks' DTA conversion law to secure ECB/EBA approval
Economyshares (capital increase) for a total amount resulting from the formula: DTC over capital times (annual) profit loss. For example, if a bank has a capital of 10 billion, of which DTC is 2 billion (20... with a capital increase of 200 million, fully covered by the exercise of conversion rights. e
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What is SYRIZA planning to do with Greek banks?
Economysystemic banks (Alpha, Eurobank, NBG and Piraeus). Following last year’s capital increases of 8.3 billion... related to increases or decreases of share capital, mergers, split-ups or winding up of banks... of any type of unpaid obligations to banks. The cost of capital for this entity is estimated by SYRIZA
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Greece: How events could unfold over the next few weeks
PoliticsGreek Politicslead to the coalition having to take decisions, such as controlling the flow of capital... elections cannot be ruled out, in which capital controls might have to be imposed to stem deposit..., capital controls would be a virtual certainty. The other scenario worth considering, although
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Newsletter 31 - 19/06/2015
Bank liquidity holds key Failure to strike a deal soon could result in capital controls Caught... relates to households. Grexit fears coupled with capital control concerns have led to a sharp rise... previously used for ECB Grexit fears coupled with capital control concerns has fuelled an increase
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Referendum call stretches state liquidity, pensioners first to bear the brunt
EconomyProgrammeThe imposition of capital controls accompanied by a bank holiday for 6 working days starting from... on Friday evening, ATMs started to run out cash as early as Saturday noon. According to the capital..., citing funding issues that arose due to the capital controls. This is mainly attributed to revenues
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Newsletter 34 - 10/07/2015
to reconfigure his government, especially if his government loses its majority. Capital controls extended... on Wednesday extending the bank holiday and capital controls by three more days, until Monday 13 July... vaccines and insulin are running short. Since the imposition of capital controls, tourism bookings have
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Newsletter 45 - 02/10/2015
relates to bank recapitalisation. The capital needs of Greek banks are scheduled to be announced... framework of the recapitalisation process, so the capital increase process can start immediately after the SSM announcement. Key catalysts for a successful bank recapitalisation are the amount of capital
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