Search
-
Greece to recover at least 30 of 50 bln it borrowed to bail out banks, says HFSF chief
EconomyBanking. This estimation stems from the current value of HFSF shareholdings in core Greek banks of 18 billion, 2... sustainability analysis for Greece in March 2012. Until now HFSF has poured around 40 billion euros into Greek... in Greek banks by 6.6 billion euros in Q2 is expected to burden Q2 equity accordingly. In the interview
3% -
ELA funding down by 1.23 bln in August for second successive fall
EconomyMacroeconomyGreek banks’ Eurosystem funding eased for the second successive month in August, when it fell... in August, which is the third highest reading since December 2012. Since the beginning of the Greek crisis... the ELA limit for Greek banks by 1.3 billion to 89.7 billion, on the back of improving liquidity
3% -
ELA funding drops by 1.58 bln in Sept for third straight fall
EconomyMacroeconomyGreek banks’ Eurosystem funding slipped for the third straight month in September, when it fell... the ECB decided twice in September to reduce the ELA ceiling for Greek banks by 0.6 and 0.2 billion... reduced in October. The actual ELA funding withdrawn by Greek banks landed at 82.37 billion
3% -
Coalition in rush to wrap up pending bailout issues
EconomyProgrammeAhead of Monday’s Eurogroup, the Greek government seems willing to accelerate its efforts to close... Moscovici reiterated during his meeting with the Greek authorities over the last two days... than 70 percent of indebted households, it is clear that a climb-down from the Greek side would
3% -
Stournaras calls for lower primary surplus target, debt relief measures
PoliticsGreek Politicstarget would facilitate a faster return of the Greek economy to sustainable and relatively high growth... loans for 20 years and extension of EFSF and Greek Loan Facility (GLF) loan maturities by around 22.... The reinstatement of the waiver on Greek government bonds for ECB funding and the participation
3% -
Athens chided over asylum process but complex set of obstacles in way
PoliticsGreek Politicsone Syrian from Turkey for each one returned by Greece. However, the process has stalled on the Greek... and might have a chance of moving on from Greece to other EU countries. According to the Greek Asylum... if Merkel’s complaint has been prompted by the lack of personnel and resources on the Greek side
3% -
Tsipras mixes rhetoric as review conclusion demands political decisions
PoliticsGreek Politicsthe Greek prime minister also reflects the fact that the process has arrived at the point where... on the Greek leader grows and leads to a revival of the type of rhetoric seen in the first half of 2015, when... collective dismissals by the government in 2013, deemed that the Greek state has a right to give its
3% -
Work on post-programme framework continues despite tranche holdup
EconomyProgramme, the reason for the holdup will be of concern to the Greek government. Two of the 110 prior actions... Central Bank president Mario Draghi and Greek Finance Minister Euclid Tsakalotos clashed over this subject... and lively” discussions at the meetings. He also insisted that the Greek government has done
3% -
Focus of discussion for lenders moves to debt relief, post-MoU framework
EconomyProgrammeThe official conclusion of the third review on Friday means that the attention of the Greek... for the institutions and the Greek government to look ahead. The public comments from all camps over the weekend..., based on the needs and features of the Greek economy.” Tsipras also dismissed the latest speculation
3% -
Eurobank sees net profits of 1.1 mln in Q2, NPEs continue to fall
EconomyBankingratio fell by 440 bps. In the Greek market, negative NPE formation was noted in all four main..., consisting of a decline of 81 million euros in the Greek market which was partially offset by a rise... to 70 percent from 70.6 percent. In the Greek market, the NPL ratio fell slightly to 36 percent from
3%