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Signs of optimism in Greek banks' Q2 results but NPL challenge lies ahead
AgoraFokion Karavias in the conference call for Q2 results. He revealed the bank’s preliminary targets... from last year. The improvement mostly reflects lower wholesale funding cost, stemming from the reduced reliance on the Emergency Liquidity Assistance (ELA) funding coupled with lower holdings
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Newsletter 19 - 13/03/2015
of the current ELA stock of 65 billion. As managers at Eurobank stated in a recent conference call... representing Greece's creditors. Eurosystem funding hits €100bn mark ELA now makes up 63 percent of the total Eurosystem funding passed the 100-billion-euro mark to reach 104.25 billion in February
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Move to legislate on climate change offers opening to bolster environmental laws
PoliticsGreek Politicsthat more radical action was needed, with a call to “change the system, not the climate”, noting... of binding legislation such as that already adopted by twelve other member states. Mitsotakis stressed... binding emissions targets for the country as a whole and for the public sector, as well
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Newsletter 131 -15/09/2017
call an immediate cabinet meeting to ensure that the government is on the same page about what needs... Eurosystem funding falls by 5.1 bln The budget primary balance recorded a surplus of 3.55 billion euros... by 20,315 to 917,429 in July. Greek banks’ Eurosystem funding fell for 26 successive months
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Opposition parties reject official conclusions of surveillance inquiry
PoliticsGreek Politicsis expected to call for the creation of an investigatory committee to probe further into the affair, while... it erupted in the summer. The findings compiled by the majority on the committee concur... the findings of the majority will have official standing when it is approved on Thursday, while
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The unbearably slow vaccination process in Croatia
Agoraevery fifth resident "needs to call favors and connections" in the health care institutions, and "call someome" is almost a normal modus operandi that often literally saves lives, no one... case to case. One consequence is that many physicians are indeed forced to call their users from non
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Mitsotakis gears up for Erdogan meeting as US backs improved ties
PoliticsForeign Policyto continue working to improve their relations. Mitsotakis received last Sunday a telephone call from... his recent call with Mitsotakis. The White House readout of Biden’s call with Mitsotakis stressed... Erdogan got infuriated and refused to even call him by his name. Bilateral talks However, a lot has
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Loss-making Q4 and 2015 for Alpha, targets positive bottom-line in 2016
EconomyBankingthe conference call, the management indicated that the NPL formation in Q1 2016 is roughly at Q4... deposit cost was almost offset by the higher funding cost primarily attributed to the increased reliance on the Emergency Liquidity Assistance (ELA) funding. In addition, due to the continued loan
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Newsletter 111 - 17/03/2017
Tsipras should seek extra support or call snap elections if he is not able to secure it as they fear... in the previous three quarters. Eurosystem funding falls for 20th month in a row ELA funding increased by 330 million in February Greek banks’ Eurosystem funding fell for the 20th successive month, albeit
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The main political scenarios ahead for Greece should it reach a deal with lenders
PoliticsGreek Politicsfor Tsipras is to call snap elections straight away, perhaps seeking to capitalise on much... also strengthen the premier’s cause. On Friday, 49 SYRIZA MPs asked for the preliminary findings... through Parliament alone would not be enough to secure bailout funding and begin to restore stability
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