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Referendum call finds Greek banks teetering on the edge
Economyand Piraeus at 12 billion, Eurobank at 8 billion and Alpha at 6.2 billion. Those estimates were based
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The lenders proposals on debt and funding needs that Greeks will vote on in referendum
EconomyProgrammewith a disbursement of 12 billion from the EFSF (8.7 billion) and SMP and ANFA income (3.3 billion) coupled
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Yes or no, complex political developments lie ahead for Greece
PoliticsGreek PoliticsUp to 9.85 million registered voters will cast a ballot in this Sunday’s referendum, which could decide whether Greece’s future lies within the eurozone or not. Polls opened at 7 a.m. and close 12 hours later. The first results are expected to be broadcast by 9 p.m. but it is not clear
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What the ECB's latest decision on ELA and collateral haircuts means for Greek banks
Economyliquidity north of 38 billion euros. NBG and Piraeus had the largest share at 12 billion each, followed
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Tsipras runs gauntlet as he seeks approval for proposals from cabinet, lenders
PoliticsGreek PoliticsPrime Minister Alexis Tsipras is due to chair a cabinet meeting on Thursday before his government sends a proposal to lenders detailing around 12 billion euros of measures that it hopes will seal an agreement that will probably be worth more than 65 billion euros. The cabinet meeting could prove
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Disposable income up by 2.6 pct in Q1 for highest reading since 2009
EconomyMacroeconomyby more than 12 billion euros or 30.8 percent since Q1 2009, which clearly depicts the direct and indirect
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IMF reveals its list of priorities for Greek bailout negotiations
EconomyProgrammeParliament of the prior actions agreed at the July 12 Euro Summit, further tension between Greece
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Tsipras gets his way over September congress, gains breathing space from SYRIZA rebels
PoliticsGreek PoliticsAfter sitting for around 12 hours on Thursday, SYRIZA’s central committee granted brief but potentially vital respite to Prime Minister Alexis Tsipras by accepting his proposal for an emergency party congress in September rather than the immediate gathering suggested by those opposing the third
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Some snags remain in discussion with lenders over new privatisation scheme
EconomyProgrammebut that there was not any material disagreement. According to the Euro Summit statement of July 12, “valuable Greek
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Bank recap and NPL management create conundrum in bailout talks
EconomyTwo bank-related themes, namely the recapitalisation process and the management of non-performing loans (NPLs), are among the key unresolved issues in the ongoing discussions between Greek authorities and the institutions. The Euro Summit statement of July 12 stressed that a comprehensive
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