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Greece and lenders with conceptual, as well as practical, gaps to bridge
PoliticsGreek Politics. These are: 1) Negotiating directly with European institutions and the International Monetary Fund 2... the relaxation of fiscal targets (Varoufakis says he is aiming for a primary surplus of 1 to 1.5 percent
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Greek time deposit rate falls to 1.82 pct in Dec, lowest during euro membership
EconomyMacroeconomymaturity for amounts above 1 million euros. A similar drop was also evident in November. As a result... 250,000 and 1 million euros). In the household lending segment, the housing loan rate reversed
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The government decisions that could shape the future of Greek banks
Economy. HFSF currently holds: 1) a minority stake in Eurobank (35.41 percent) and 2) a majority stake... place in Eurobank on February 1, when Nick Karamouzis was named new non-executive chairman
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Newsletter 15 - 13/02/2015
revenues fell short of target by almost 1 billion euros. According to the Finance Ministry... to an incremental cost of 600 million for Greek banks on an annual basis, which rises near to 1
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Greek central gov't debt rises to recent high of 181.1 pct at end of Q4 2014
EconomyMacroeconomyis almost equally split between short (up to 1 year) and medium (1 to 5 years) term debt. Greece’s
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Greek banks' Eurosystem funding jumps to 87.4 bln in Jan, ELA at 5.2 bln
EconomyMacroeconomygovernment-guaranteed bank bonds would not qualify for ECB funding eligibility as of March 1, 2015... bonds (that would previously be non ECB eligible as of March 1) as well as pillar III bonds, Greek
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Newsletter 19 - 13/03/2015
. On the current level of ELA funding of 65.6 billion, this translates to almost 1 billion higher interest... not qualify for ECB eligibility as of 1 March 2015. Thus, if the ECB eases its stance, then Greek banks could
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Growing uncertainty weighs on Greek shares and bonds
EconomyThe bond market showed an up to 1 percentage point (pp) upward movement in Greek government bond (GGB) yields, which stand close or above their post-PSI highs. The 3-year GGB yield rose by almost 1 pp
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Newsletter 21 - 27/03/2015
that Greece may achieve a primary surplus of 1 percent of GDP this year if the government does... tobacco advertising in sport and journalists discovered that Formula 1 boss Bernie Ecclestone
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Moody's downgrades Greek bond rating, sees chances of accident rising
Economykey drivers behind the downgrade: 1) The high uncertainty related to whether Greece will reach... in the near term given the prevailing downside risks, Moody’s could upgrade Greece’s rating in case of: 1
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