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Football chairman's actions threaten to blow coalition off course again
PoliticsGreek Politicsthat threaten to blow Tsipras and his government off their course. A Pro Rata poll published in left
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Appeals over past pension cuts sow confusion about potential fiscal impact of backpay
Economyin a way of pro-rata increases, instead of outright cuts. Based on this, there is a time gap between
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Cabinet act firms up details of CoCos issuance by Greek banks
Economy“pari passu” to common shares. They bear an annual coupon of 8 percent for the first 7-year period after
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National Bank reveals capital plan, which includes sale of whole Finansbank stake
EconomyBankingas Common Equity Tier 1 (CET1) capital (“pari passu” with common shares) but they are an expensive
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Newsletter 50 - 06/11/2015
) for the remaining 75 percent. CoCos, which qualify as Common Equity Tier 1 (CET1) capital pari passu
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Greek banks' equity raising could keep official support to a minimum
Economy, and hybrid securities is activated. CoCos, which qualify as Common Equity Tier 1 (CET1) capital “pari passu
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Early IMF repayment next goal for Athens after concluding second post-MoU review
EconomyProgrammecreditors due to the pari passu clause. “Also from the ESM perspective, it would make sense to repay
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Newsletter 202 -12/04/2019
the agreement of all creditors due to the pari passu clause. “Also from the ESM perspective, it would make
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Athens launches drive to pre-pay part of IMF loan, bringing budget benefits
EconomyProgrammethe process on hold. Although the EFSF is a pari passu creditor, the ESM is a preferred creditor, only
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Strong performance of 15-year bond bodes well for market strategy
Economyof the pari passu clause. Greece’s debt managers seem to be securing attractive borrowing costs through
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