Search
-
Tsipras in tight spot over debt deal but QE access may hold key to compromise
PoliticsGreek Politicsbut with the IMF not returning to the programme with funding until the debt relief issue has been settled... in QE. However, Bank of Greece governor Yannis Stournaras has also said that a legally-binding
2% -
Newsletter 314 - 29/10/2021
22, Alpha Bank announced the binding agreement with Davidson Kempner (DK) for the Cosmos... for a combined 4 billion euros of funding in 2021, which has been surpassed by the 3.1 billion euros
2% -
Surveillance hearings in Athens and Brussels highlight contrasting approaches to issue
PoliticsGreek Politicsis now taking a carrot-and-stick approach to hitting a binding 10 pct energy savings target across the public sector. Public authorities which fail to meet the target will see funding cuts and hiring
2% -
The immediate economic and financial hurdles for the new Greek government
EconomyProgramme. The first relates to the coverage of the country’s funding needs, which stand at 1.6 billion euros... 2 billion euros and new funding could stem from extraordinary T-Bill issues of 1.5 – 2 billion... for T-Bills, an approval by the troika is required for any incremental borrowing using this funding
2% -
Newsletter 19 - 13/03/2015
representing Greece's creditors. Eurosystem funding hits €100bn mark ELA now makes up 63 percent of the total Eurosystem funding passed the 100-billion-euro mark to reach 104.25 billion in February... importantly, the funding mix has dramatically changed with emergency liquidity assistance (ELA) now making up
2% -
Stress mounts ahead of ECB's tests on Greek banks
Economyat the baseline, which was the binding scenario for capital shortfalls, and 9.4 billion under the adverse... reservations regarding the BoG stress test outcome. The first relates to the binding scenario with IMF noting
2% -
Piraeus port privatisation moves a step closer
EconomyBankingThe deadline for the submission of binding bids for the acquisition of a 67 percent stake in Piraeus Port (OLP) expired on Monday, with the Hellenic Republic Asset Development Fund (HRADF) noting..., press reports indicate that only COSCO submitted a binding offer on Monday. COSCO, one of the largest
2% -
Alpha, Eurobank sign agreement with KKR for management of NPLs
EconomyBankingIn a joint press release, Alpha and Eurobank announced on Tuesday that they have reached a binding agreement with KKR Credit for the management of credit and equity exposures to a number of selected.... However, the agreement remained on paper with Piraeus noting in April 2015 that the binding exclusivity
2% -
New rules on sale of NPLs come into play after approval of omnibus bill
EconomyProgrammewith a binding timetable on a comprehensive mechanism of effective management of private debt. In addition..., which signed a binding agreement with KKR Credit for the management of 1.2 billion corporate NPLs
2% -
First phase of process to find strategic investor for ADMIE completed
Economyof the process, which includes a due diligence and the submission of binding offers by the end... will announce by October the date for submission of binding offers for the sale of all PPC shares in ADMIE
2%