Search
-
Greek banks' potential capital shortfalls set to be reduced by more than 2.5 bln
EconomyGreek media reported on Tuesday that the Ministry of Finance (MoF) will soon table in Parliament a draft bill which will allow the conversion of Greek banks’ Deferred Tax Asset (DTA) into tax credit. The new legal framework has to be approved by the Eur...
7% -
ECB set to provide extra liquidity to Greek banks but capital needs remain an issue
EconomyIn its latest comment on Greek banks, Fitch noted that they remain burdened by a large stock of non-performing loans (NPLs), despite capital enhancement and progress with their restructuring plans. On the key issue of the European Central Bank’s compreh...
7% -
First Greek presidential vote to set tempo for final ballot on Dec 29
PoliticsGreek PoliticsThe first round of the presidential ballot on Wednesday evening (7 p.m. Greek time) is unlikely to provide any clear indications about whether the current Greek Parliament will manage to elect a new head of state by the final vote on December 29. The go...
7% -
Varoufakis outlines contours of debt deal as haircut set aside
PoliticsGreek PoliticsThe outlines of what the new Greek government is aiming to ask of its eurozone partners in terms of debt relief emerged on Monday evening, when Finance Minister Yanis Varoufakis spoke to the Financial Times after meeting with British Chancellor George O...
7% -
Greece prepares set of proposals for bridging deal with eurozone
PoliticsGreek PoliticsOne day after Prime Minister Alexis Tsipras’s presented his government’s policy programme in Parliament, the Finance Ministry has been briefing journalists on what will be the four pillars of Greece’s proposal to the Eurogroup on Wednesday. Unlike earli...
7% -
Greece's fiscal, debt and funding goals as set out at Eurogroup
EconomyProgrammeThe Greek Finance Ministry leaked today all the key documents that were presented to Greece’s Eurozone partners during the last two Eurogroup meetings on February 11 and 16. We will examine some of the main economic parameters put forward by the Greek s...
7% -
Higher revenues set to ease coalition's liquidity concerns
EconomyProgrammeThe Greek state has to imminently cover funding needs of around 1.2 billion euros this week in two key transactions, which are the most important for April’s obligations. The first relates to the rollover of 1.4 billion of 6-month T-Bills that mature on...
7% -
Outcome of next vote on prior actions to set tone for political developments
PoliticsGreek PoliticsPrime Minister Alexis Tsipras hopes to clear this week the last legislative hurdle at home before resuming negotiations with lenders on the details of a third bailout for Greece. The multi-bill due to be passed through Parliament on Wednesday sweeps up ...
7% -
SYRIZA buffeting continues as parties get set for official start of election race
PoliticsGreek PoliticsAll the indications are that Greece will appoint a caretaker prime minister on Friday, paving the way for elections to be held, most probably on September 20. Popular Unity leader Panayiotis Lafazanis is expected to hand back the exploratory mandate on ...
7% -
Athens chided over asylum process but complex set of obstacles in way
PoliticsGreek PoliticsGreece appears to have come under criticism again for its role in the implementation of the EU-Turkey agreement, although Athens has been quick to dismiss any complaints. The Financial Times reported this week that German Chancellor Angela Merkel compla...
7%