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Piraeus Q3 trading update shows significant acceleration in NPL formation
EconomyBankinga slighter drop by 0.9 percent to 63.3 billion. In contrast to the deposit decline, Eurosystem funding... (ELA) funding slipping by 1 billion to 21.2 billion. The new time deposit rate further fell by 64
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Latest EU plan to tackle refugee crises poses new, bigger challenges for Tsipras
PoliticsForeign PolicyCommission later said that an additional 5.9 million euros in emergency funding had been approved for Greece. Although this is unlikely to be the last of the emergency funding Greece will receive
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In Erdogan's shadow
Agorabillion euros in extra funding for Turkey and a visa liberalisation scheme, Brussels was reportedly... obstacles. Also there is the matter of the committee to handle some 400 million euros in EU funding
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NBG reports net losses of 401 mln in Q3, NPL formation accelerates in Greece
EconomyBankingof the Eurosystem funding by 2 billion euros QoQ fully attributed to lower Emergency Liquidity Assistance (ELA) funding. The Common Equity Tier 1 (CET1) ratio remained almost stable QoQ at 9.6 percent
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Deposit flow remains negative for the second straight month with outflows of 390 mln in November
EconomyMacroeconomy’ Eurosystem funding dropped by almost 6 billion to 113.41 billion in November. Overall, Central Bank funding has fallen by 13.17 billion since July reflecting the reduction of uncertainty, stabilisation
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Obstacles to centre-left alliance in Greek politics piling up
PoliticsGreek Politicsconservatives. The structure of any new alliance also raises the issue of party funding. Scrapping the existing parties and creating a new coalition would mean that PASOK and Potami lose the state funding
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Greece and lenders make headway on review but labour reforms remain biggest obstacle
EconomyProgrammeof around 700 million euros (0.4 percent of GDP) for 2018. This mainly relates to the funding... of certain tax credits. The GMI funding for 2018 is one of the pending issues related to the Medium
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Having failed to resolve differences, Greece and lenders enter new week of talks
EconomyProgrammeto the funding of the guaranteed minimum income (GMI). Its funding for next year has been resolved. Regarding
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Shaping the post-programme narrative in Greece
Agoracontributed roughly 28 billion euros of creditor finance, thereby exceeding Greece’s allocated funding... and matched funding. The proposed bond exchanges and interest rate swaps imply additional costs
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Athens warms to idea of eurozone going it alone after Schaeuble IMF comment
EconomyProgrammewithout the IMF or with the participation of the IMF and absence of funding is a development that could... to meet its obligations beyond June without external funding, it is possible that the German finance
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