Search
-
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% -
S&P keeps rating at 'B+' and highlights obstacles to competitiveness
Economywithin the next 12 months if the economic recovery strengthens. The agency expects the Greek economy... that is held by the private sector is less than 20 percent of total Greek debt, or less than 40 percent... that the Greek authorities' decision to deprioritise public investment spending (including on education
3% -
NBG reports net profits of 131 mln in Q1, accelerating profitability
EconomyBankingin the final quarter of last year. NBG noted also that regarding Greek operations, profits from continued... in the second quarter of this year. Finally, a secured corporate portfolio of Greek denounced, non... to the incorporation of part of the benefits from the agreement for replacing Greek State IRS
3% -
Brussels urges Athens to remain on reform path as fourth post-MoU review looms
EconomyProgrammenoted that the Greek authorities need to build on positive developments by “continuing on the path... the Greek financial sector.” Economic Affairs Commissioner Pierre Moscovici stressed that although the latest macro data indicate the efforts and hardships of the Greek people are starting to bear fruit, all
3% -
NBG reports net profits of 122 mln in Q2, highlights successful bond sale
EconomyBankingcommunity and Greek macroeconomic conditions rapidly improving, all the pieces are in place for its.... On the domestic front, these include a portfolio of Greek shipping loans with a gross book value of 300 million euros, a Greek portfolio of denounced, non operating corporates, SME and SBLs worth 900
3% -
Mitsotakis and Erdogan break ice, look for calm summer
PoliticsForeign Policytensions. Following the meeting, Greek government sources underlined that the joint understanding... for Greek-Turkish relations. Erdogan also stressed that there is no need for mediators between Athens... applications have been rejected by the Greek authorities. The Greek request for the returns has been
3% -
Greece to sign augmented defence deal with US, buy more Rafale jets
PoliticsForeign PolicyIn a significant development for Greek foreign policy, Athens and Washington look set to renew their Mutual Defense Cooperation Agreement (MDCA). Greek diplomats argued that the deal takes on even... this time, rather than the usual annual renewal, the Greek premier said this is correct. “I am glad because
3%