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I know what you did the summer before last
Agorait as a watershed moment rather than a recurring nightmare. *You can follow Nick on Twitter: @NickMalkoutzis Nick... paradox in lambasting Tsipras for adopting the tax hikes and pension cuts attached to the latest
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PM livens up ministers over fourth review as debt relief proposals are put together
EconomyProgrammerelated to the fourth review, thereby ensuring that the government does not put at risk the timely.... “Anyone who disagrees with this should speak up now,” he added. Although Athens has more than 70... the exit from the MoU in August to be put at risk. “We are in the final stretch to leave behind
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PM trails national recovery plan ahead, talks up growth prospects
PoliticsGreek Politicsto growth and create 200,000 new jobs. The plan consists of more than 160 actions which include... unemployed by the end of the year. While the strategy document has already been put to public consultation... put forward by SYRIZA regarding the pandemic. New Democracy leads in voting intentions with 37 pct
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Greek banks' NPL selloff gathers speed
EconomyBankinghave their own NPL portfolio sales in the works, which have attracted strong interest. Alpha Bank..., dubbed Project Ameoba, has also attracted strong interest. The first phase was recently completed... to 99.1 billion, which is 796 million lower than the target of 99.9 billion. NPL stock was down against
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Effort to keep Greek-Turkish ties on even keel put under stress
PoliticsForeign Policy” with Greece or put on hold talks with the Greek side, the same sources note. Officials also have to consider... the strong demarche, as Turkish fighter jets proceeded with fresh overflights above Lipsoi and Arkoi
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Cat and mouse: Greece and Schaeuble
Agorahad in mind something completely different than the Greek government. When all the pieces are put... the IMF is demanding (legislation of more than 2 percent of GDP in contingency measures that include... would approve a new deal. Rather than suggesting that Greece’s problems would be over if the IMF
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Foreign minister quits government, heaping pressure on Tsipras
PoliticsGreek Politicstimes over the past few years when he appeared to shape foreign policy based on his beliefs rather than... that the souring of relations with Russia was a route chosen by Kotzias rather than Tsipras. The prime minister..., that some other diplomatic efforts will be put on hold until the next elections as they were very much
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Piraeus Bank sells first real-estate backed NPE portfolio worth 1.95 bln
EconomyBanking. The final price was rumoured to be equivalent to more than 20 percent of the portfolio's nominal value..., and will lead to the bank’s NPE ratio falling by more than 100 basis points. Upon completion... as a strong vote of confidence in the prospects of the newly established NPE market, the recovering real
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Newsletter 29 - 05/06/2015
Lenders seek more measures Demands are more than what previous government agreed to Greece’s lenders are demanding new fiscal measures of around 3 billion, which is markedly higher than the 1–1.5... to direct tax revenues of 980 million and to contingent revenues of more than 500 million, which would
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Piraeus Bank posts net loss of 19 mln euros in Q3, NPEs continue to fall
EconomyBankingthat the current NPE formation trends being observed in Q4 were strong too. Due to write-offs the NPE... with the auction of around 350 properties, which is 70 percent more than across the full year of 2016. P&L NII... with a group of investors rather than a public issue. The bond was placed with the European Investment
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