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All eyes on Piraeus as share price tumbles amid coupon payment concerns
EconomyBankinglimit down and eventually dropping by more than 24 pct at the close. The role and shareholding... in securitisation in 2021, according to Kathimerini. Once the bank’s balance sheet is cleaned up, they hope
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Covid-19 leaves Greece facing 200 pct debt-to-GDP ratio in 2021, long road to sustainability
EconomyProgrammepct over the 2020 to 2060 period and the fiscal assumptions see a primary balance of 2.2 pct of GDP... financing needs triple in 2021 and more than double in 2022 and 2023 and they remain higher for most
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BoG insists on need for bad bank, sees EU funds boosting recovery from 2021
Economygovernment primary balance is expected at 7.3 pct of GDP, in line with Finance Ministry estimates... that a large part of the regulatory capital, more than half of it, consists of Deferred Tax Credits (DTCs
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Unease over political pressure on experts accompanies rumours of stricter lockdown
PoliticsGreek Politicsthe committee’s decision-making. Such reports stoke a growing suspicion that the balance between public... for the vaccination among frontline healthcare staff, after it emerged that in some hospitals fewer than half
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Covid-19 stretches health system again, putting reopening of shops in doubt
PoliticsGreek PoliticsThe government’s plans to reopen the retail sector in the coming days hang in the balance after a stark increase in the number of Covid-19 cases, leading to reported disagreements between scientists... than 55,000 tests were carried out on Tuesday. During this period, experts had been pointing
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Govt counts fiscal cost as Greece heads for lockdown extension
PoliticsGreek Politicsmore than 90% capacity. On Thursday, there were a total of 367 people being treated in ICUs. Out... billion, the primary balance deteriorates by 0.7 pct of GDP, and the economy slows down by 0.8 pct
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IMF expects modest recovery, lingering debt but primary surplus to return swiftly
EconomyMacroeconomyto 3.6 pct in the last quarter of next year. This year’s estimate is marginally lower than the one... Fiscal Monitor the budget was seen in primary balance, which implies a 6-percentage point revision
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FinMin sees favourable macro environment from next year, boosted by RRF
EconomyMacroeconomyof 2022 for roughly 30 billion euros of more securitisations. Restoring fiscal balance is also a goal... by more than 30 pct in 2022 and remain on a solid growth path of 12.3 and 10.8 pct in the coming years
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Piraeus and Alpha forge ahead with share capital raises and securitisations
EconomyBankingActivity in Greece’s banking sector continues unabated as Greek systemic lenders proceed with their plans to improve their balance sheets and leave behind the legacy of the decade-long debt crisis... that was held on Monday to approve the move led to a positive vote of almost 85 pct and a quorum of more than
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Alpha Bank buoyed by 800-mln-euro share capital raise
EconomyBankingin Greece was also well received by local institutional investors, while more than 10,000 private... the share capital raise to be able to move to the next phase of balance sheet clean-up by utilising
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