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Greece and creditors eye compromise to move review along
PoliticsGreek Politicson April 22. Once the Eurogroup has signed off on the measures (which also have to be approved by some national assemblies), the Greek government will have to pass them through Parliament before any... relief on the European side. If this is the way forward, it would mean that the Greek government could
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Newsletter 71 - 22/04/2016
. The General Confederation of Greek Workers (GSEE) has already announced it will hold a two-day strike... to allow the participation of Greek banks’ EFSF bonds in the ECB quantitative easing (QE) programme... the corresponding ECB funding with cash. This would also lead to a one-off trading gain of 500–600
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Some progress in first round of talks but most second review issues remain unresolved
EconomyProgramme, to fund the GMI. The Greek side rejected this idea, stressing that the tax-free threshold was agreed with the institutions and was legislated in May. In addition, Greek officials noted that the 300..., mainly due to GMI funding. The Greek side argued that the revenue outperformance in the first nine
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Athens waits for dust to settle after Erdogan's victory in Turkish referendum
PoliticsForeign Policynext moves and further reaction from the opposition in Turkey. Most Greek parties tried, though... respect.” Athens used a diplomatic tone but analysts claim the Greek message will mean little... for the following reasons: Breaking off EU talks? Erdogan said on Monday that it was unimportant to Turkey
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Newsletter 139 -10/11/2017
.” Deputy spokesman William Murray linked the auctions to the need for Greek banks, which are due... speculation mounts about Greek lenders needing further recapitalisation. Justice Minister Stavros Kontonis met... a decision on whether to call off their strike. There appeared to be progress during the week
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Banks meet NPE reduction targets in Q3, adjust targets for next two years
EconomyMacroeconomyGreek banks succeeded in meeting their non-performing exposure (NPE) reduction target in the third... published by the Bank of Greece (BoG) on Tuesday afternoon. After being off-target for two successive... for Q3. Excluding off-balance sheet items, NPE stock was reduced by 2.7 billion euros quarter
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Hydrocarbons add to tension between Turkey, Greece and Cyprus
PoliticsForeign Policynight off the coast of the Imia islets, whose sovereignty Turkey disputes. The Greek boat, which was co... the framework of our support to the Turkish Cypriot side”. The Greek Foreign Ministry issued a statement... will support the Turkish Cypriots and blames the Greek Cypriot side for being the main reason behind
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Athens under intense pressure over fourth review reforms
EconomyProgrammeAlthough there has been progress regarding property auctions over the last few days, the Greek... and the institutions. Capital.gr financial news website reported on Thursday that the Greek side believes... not been ticked off by the June 21 Eurogroup, a final deal for Greece to exit the third programme
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NBG remains profitable in Q2 with net results of 21 mln
EconomyBankingrefinancing operations (TLTRO ) funding. NBG remains the only core Greek bank that is off ELA while... transaction of an unsecured portfolio in the Greek market. The transaction added around 18 bps to CET1.... The change was attributed to the one-off impact of IFRS 9 implementation in Q1 and the repricing
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ND tweaking stimulus measures as SYRIZA flounders in Novartis backwash
PoliticsGreek PoliticsThe Greek government is continuing to search for ways in which it can provide financial support... in Naftemporiki newspaper on Monday, the Greek authorities are looking for additional measures that could... on the issue is that it is an attempt by New Democracy to kill off the opposition party by using
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