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Sale of 10 pct stake in NBG ups taxpayer losses from banks to 34 bln
EconomyBanking. Greek systemic lenders went through three main rounds of recapitalisation. The first used state funding... of recapitalisation in 2013, the HFSF also allocated 13.5 billion to cover the funding gap of banks under... resources allocated to the Greek banking system. Combining the capital injections and funding gaps
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PM gives ESY clean bill of health, prompting opposition backlash
PoliticsGreek Politicsin public funding is mirrored in access: 21 percent of Greeks reported unmet health-care needs in 2023... PASOK and Syriza demand a deeper overhaul of public structures, increased funding and an immediate... a foundation for modernisation, but without decisive action on staffing, funding and primary-care capacity
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Government’s growth ambitions meet RRF reality
EconomyMacroeconomyand companies for projects totalling 17.7 billion euros. To qualify for RRF funding, projects must.... Although SMEs account for 56 pct of agreements, their share of funding is just 3.1 billion euros...-standing concerns from the early days of the RRF about how far-reaching the funding will be across
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Samaras ratchets up tension in clash with SYRIZA over violence
PoliticsGreek Politicsfunding to any parliamentary party whose leadership is accused of criminal activity. SYRIZA has asked for the bill to be amended so that funding only ceases if the party leader or MPs are convicted
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EU Task Force sees improvements in Greece, tends to damaged ties
PoliticsGreek PoliticsThe European Union Task Force for Greece noted on Tuesday “striking improvements” in the country’s absorption of structural and cohesion funding and an “accelerated pace of change” in public... because of the shrinking of Greece’s public investment program, regional schemes, such as the funding
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Fear and loathing in Athens: an ex-minister's take on troika reviews
PoliticsGreek Politicsor implement measures at the last minute to obtain its lenders’ approval and further funding. Now, ex... of further bailout funding. “That’s when I understood that the troika had taken a tougher line
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Greek deposits slip in October as credit also contracts by 3.9 pct
EconomyMacroeconomy’ Eurosystem funding the combined liquidity they have received from the European Central Bank and the Bank... reflects higher interbank lending and lower funding needs on continued deleveraging. Credit contraction
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Deposits edged up in Nov but credit contraction was close to 4 pct
EconomyMacroeconomy’ Eurosystem funding (the combined liquidity they have received from the European Central Bank... sharp drop mainly reflects higher interbank lending and lower funding needs on continued deleveraging
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Omnibus bill passes but leaves marks on coalition and SYRIZA
PoliticsGreek PoliticsGreece’s coalition succeeded in passing on Sunday an omnibus bill of reforms demanded by the troika so Athens could receive further bailout funding but the process may have inflicted lasting damage... in order to secure up to 12 billion euros in bailout funding and then turning the focus within the eurozone
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Slight rise in deposits for March but outflows at 2.2 bln for 2014
EconomyMacroeconomyto deposit inflows in March, Greek banks’ Eurosystem funding further eased for the third straight month by 7.3 billion to 60.7 billion at the end of March. Lower Central Bank funding is most likely attributed
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