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How economic sanctions on Russia could affect Greek economy
Agora, the Greek government has suspended applications by Russian nationals to the Golden Visa investment-based... to more activities. Here we make a rough attempt to estimate the size of Russia’s footprint on the Greek... investment, accounting for just 0.6 pct of the total 4.5 bln euros. Greek investment in Russia has
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Current account balance shows a surplus for third straight month, at 2.09 bln in August
EconomyMacroeconomy-residents’ investment in Greek government bonds (GGBs), T-Bills and stocks. Reserve assets slightly... increased by 265 million, while the non-residents’ direct investment in Greece decreased by 175... supported by rise in non-residents arrivals by 2.8 percent in August. As a result, travel surplus
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Greek-Albanian deadlock over Beleri case no closer to being resolved
PoliticsForeign PolicyFredi Beleri, the ethnic Greek mayor-elect of the town of Himara, of vote-buying. The trial has angered the Greek government, which has threatened to block Albania's EU accession talks unless Beleri's... of the rule of law. The Greek foreign minister was commenting on this week's decision by Albania's Court
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Alpha, Eurobank raise 4.6 bln in private capital: Here's exactly what it means
AgoraTwo of the four systemic Greek banks, Alpha and Eurobank, have announced the completion... respective figure of 309 million. In addition, the marked discount of the offer price compared... investors and not by the bank. Greek bank shares have nosedived by 46.1 percent since
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How Greek banks could cut 2014 financing gap with a bond rollover
![Photo by Can Esenbel [www.mundanepleasure.com]](resources/toolip/img-thumb/2013/10/16/rock_esenbel_572_1610-medium.jpg "Photo by Can Esenbel [www.mundanepleasure.com]")
EconomyIn an interview with Naftemporiki daily on October 14, Greek Finance Minister Yannis Stournaras... 2014, currently estimated at 10.5 – 11.0 billion euros. Both solutions involve rolling over of Greek.... The paper is held by Greek banks (4.47 billion) and the European Central Bank (ECB) as well as National
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Could reforms have prevented Greece's economic collapse?
AgoraThe Greek economy’s collapse in the 2010-2013 period has become legendary. Greece had already been... billion euros from transport receipts. Together, all these factors combined to shrink the Greek... time, as the IMF argues in its own assessment of the first Greek programme by the Independent
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Moody's downgrades Greek bond rating, sees chances of accident rising
Economyofficial creditors. Moody’s notes that the current Greek rating is historically associated... of urgency following a change of Greek negotiators. However, it believes that the final outcome... between the Greek government and its creditors or evidence that the Greek electorate is supportive
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Tsipras and Kammenos try to fend off rumours of deepening rift
PoliticsGreek Politics) and there is no guarantee that the two sides will reach a common position. The recent ramming of a Greek coast guard vessel off the Imia islets and the detention of two Greek soldiers who crossed the Evros... ties with Turkey and the recent incident involving Greek-Russian businessman and PAOK football club
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The lenders proposals on debt and funding needs that Greeks will vote on in referendum
EconomyProgrammeGreek Parliament has published (in Greek) the preliminary debt sustainability analysis (DSA... billion relate to redemptions of Greek government bonds (GGBs) held by the ECB due in July and August... SMP income that would be disbursed right after Greek Parliament approves the agreement
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Exclusion from QE confirmed, only ECB's reinvestment programme left
EconomyProgrammesaid that Greek government bonds are not eligible for QE and need a waiver, which was available while... with it and as such Greece remains ineligible for QE. Greek government bonds lost their investment grade... to the adjustment programmes they were given this waiver and Greek banks could use the paper as collateral
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