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Hopes of swift deal on contingent measures doused by technical, political complications
PoliticsGreek Politicsto agree on how the 2 percent of GDP (3.6 billion euros) in contingent measures could be legislated... will be finely balanced going into the vote, which is expected after Orthodox Easter on May 1. The committees
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Delays in concluding programme review are credit negative for Greece, says Moody’s
EconomyIn its latest comment on Greece included in the weekly credit outlook of May 2, Moody’s notes that the delays in the country’s bailout programme review are credit negative since they increase... new elections. Moody’s had downgraded Greece’s rating to ‘Caa3’ from ‘Caa2’ on July 1, 2015
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Greece and lenders edge closer at Eurogroup but standby measures, debt relief not resolved yet
PoliticsGreek Politicsreview. Two-thirds of this was passed through Parliament on Sunday night, while the remaining 1..., there seems to have been progress in agreeing how the extra 2 percent of GDP in contingent fiscal measures
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Tsipras upbeat after vote, Eurogroup but deal details may still present problems
PoliticsGreek Politicsperiod in Parliament lies ahead given that the government also has to legislate the 1 percent of GDP... having to vote on another 2 percent of GDP in fiscal measures under great time pressure. It would also
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Greek stocks down 4.6 pct during week after Friday’s sell-off
Economyof the year, Greek stocks are now recording losses of 2 percent. Bank shares clearly underperformed... on time. This will become effective on July 1. The first Repeated General Meeting of Hellenic
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Lenders' report reveals long-term savings from pension reform, which also offset court ruling
EconomyProgrammeand in May is seen at 1 percent of GDP in 2016, rising to 1.7 percent in 2018 and further to 2.2 percent... impact of 2 percent of GDP. As a result, the overall gross savings from the pension reform, including
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Brexit leaves Greece dangling precariously
Agora, contributing around 2 billion euros to the country’s tourism sector, which makes up around a fifth... sixth largest export market), which are worth around 1 billion euros a year, could be affected. Overall
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Stournaras eyes easing of capital controls, updates on loan quality and NPL reduction targets
EconomyMacroeconomyand approve the banks’ strategies for NPE reduction include: 1) Long- rather than short- term sustainable solutions 2) Coordinated deals of common borrowers with overdue loans in more than one bank 3
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Moscovici tries to kill discussion of primary surplus targets as easing of capital controls cleared
EconomyProgrammeto MPs on July 11. The key measures included in the Greek proposal involve: 1) Abolition of withdrawal restrictions on ‘new’ money deposited with Greek banks 2) Transformation of the weekly withdrawal
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Bank of Greece publishes revised Code of Conduct for management of NPLs
EconomyMacroeconomyBank of Greece published on Tuesday evening the revised Code of Conduct for the management of non-performing loans (NPLs) held by individuals and very small businesses (with turnover less than 1... below interest only and grace period. Longer term (higher than 2 years) settlements, taking
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