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Capital controls to ease further from the beginning of September
EconomyMacroeconomy, or 1,680 across a total of 28 days. Additionally, from September 1, it will be possible to withdraw up to 50 percent of the total amount of funds transferred from overseas to existing accounts..., the total withdrawal amount across a full year works out 300 euros lower under the new measures compared
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How Greek banks' capital needs could be reduced by 2.3 bln
Economybillion. Note that NBG’s total DTA consideration stands at 4.5 billion euros, which means the bank... that under the current legislation a total DTA consideration of 2.3 billion euros (20 percent of the total DTA amount of 11.5 billion – equivalent to 2-year phase out) could not be recognised as CET1
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Study shows deep impact of capital controls on retail sector
Economypercent of total respectively. This means that due to the imposition of capital controls there was a significant differentiation in customers’ behaviour, with cash payments (as a percentage of total... sector reached 36 percent this year outpacing those via cash that stood at 33 percent of total.
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Energy drives closer cooperation between Greece, Cyprus and Egypt
PoliticsForeign Policyprocess on the Syrian crisis, while also expressing “serious concerns over the situation in Libya.” The instability in Libya and the presence of jihadists there was highlight by the Egyptian president
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In Washington, Mitsotakis stresses economic recovery, geopolitical importance as IMF departure announced
PoliticsGreek Politicsa maritime agreement with Libya that infringes on Greece’s sovereign rights. Some commentators... with Libya is “null and void” because it ignores the exclusive economic zones of Greece’s islands, which he
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Athens steps up diplomatic efforts amid ongoing friction with Ankara
PoliticsForeign Policyof the two MoUs signed between Turkey and the UN-backed government in Libya. Greek diplomats... to Ankara's actions in Libya and the Eastern Mediterranean. It has also focussed its efforts
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Greece faces dilemma over how to address relations with Turkey
PoliticsForeign Policyand especially in the "sea zone between Turkey and Libya". This is what İbrahim Kalin, special adviser... intervention in Libya that does not mean it is willing to risk damaging relations with Ankara in East
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Athens on lookout as Ankara ramps up rhetoric and activity
PoliticsForeign Policywith regards to the Turkey–Libya sea memorandum by claiming that Turkey’s and Libya’s rights
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Greece on alert over Turkish maritime plans, senses EU backing
PoliticsForeign Policyconditions do not allow surveys in the area. Some others also point to developments in Libya, which... factor that complicates the situation especially vis a vis Turkey’s involvement in Libya and its
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Athens waits to be convinced of Ankara's willingness to talk
PoliticsForeign Policyto resolve the matter at The Hague and the second issue is subject to talks between Athens and Libya’s... and which led to the signing of a maritime agreement with Libya, which Greece considers illegal. They also
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