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Under-fire PM pledges civil defence improvements following summer of destruction
PoliticsGreek PoliticsNational Park in August and September. Mitsotakis also set out the government’s much-trailed measures
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Greece weighs its options as Turkey prepares 'Blue Homeland' legislation
PoliticsForeign Policythe Karaburun–Sazan Marine National Park and the Narta Lagoon area, warning of risks to endangered species
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Piraeus Bank reveals mitigating actions aimed at reducing size of capital increase
EconomyBankingManagement Exercises (LMEs) targeting a total capital strengthening of 590 million euros, of which of 365... cover the part of total capital needs not covered by private investors. As was clarified on Sunday.... The total amount of mitigating actions stands at 1.51 billion euros but it is not clear what amount
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National Bank reveals capital plan, which includes sale of whole Finansbank stake
EconomyBankingscenario of the stress test. The bank's capital plan has three key pillars aiming to cover total... to cover total capital needs of 4.6 billion will be covered by the HFSF in the form of common shares... billion, CET1 capital 9 billion and CET1 ratio 14.5 percent. Note, though, that the bank holds a total
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Eurobank makes 877 mln bond exchange offer to cover part of its capital shortfall
EconomyBankingof November. According to Reuters, total capital needs are seen at around 14 billion, while the amount...) involving a voluntary exchange offer for a total nominal value of 877 million euros in outstanding... on October 15 for a total outstanding nominal amount of 593 million bank bonds. If all bondholders
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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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