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Insolvency code, 'second chance' for debtors unveiled as ND eyes social impact of crisis
PoliticsGreek Politicsto the liquidation of their assets, but those who have lost their primary residence as a result of the process... year. Vulnerable households can continue to live in their primary residence in exchange for rent... protecting primary residences from foreclosure expired at the end of July, the government came up
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Government and banks reach deal over new scheme to protect main homes
EconomyProgrammeof the assessed, or “objective,” value of the property will be set at 250,000 euros. Under the Katseli law, the upper limit was set at 280,000 euros. The other main criteria will be the remainder of the mortgage, where the upper level has been set at 130,000 euros. The new system will also include under its
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Newsletter 37 - 31/07/2015
, the European Central Bank could allow Athens to issue more T-bills. However, there would have... definition of a growth strategy and investment agenda for Greece is subject to a set of economic conditions... process has been set in motion will we be in a position to know which of the four systemic Greek banks
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Newsletter 62 - 12/02/2016
euros etc. The income ceiling would be set at 55,000 euros, where a 5 percent discount would apply.... The government also set aside its initial concerns about the German–Turkish plan to have a NATO rapid... are insisting on? The truth is that it doesn’t really matter much. One banner summed up the mood
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Newsletter 64 - 26/02/2016
the meetings, held on Monday and Thursday, the government proposed a new set of measures to farmers, aiming... addressing the huge stock of non-performing loans (NPLs). In this context, the BoG will set.... “You knew, didn’t you? I’m part of you?” The pig’s head represents everything that is dark and nasty
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EU officials see Greek deal close, broad debt talks to follow
PoliticsGreek Politicsof the programme. “Appropriate measures must be taken but that doesn’t mean more than the ones... that there are differences between the IMF and European lenders on what fiscal targets Greece should be set after... they should be set out now. “We have put ready for 2018 a number of additional measures,” he said
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Schaeuble presents Athens with stark reality of programme without IMF
PoliticsGreek Politicsin which one would need to come up with something new. I wouldn’t recommend this to the Greek government... mechanism set up last year. Government sources continued to refer to the IMF’s departure as possibly opening... together a set of proposals aimed at clinching a compromise over the review indicates that it still
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Multiple potential benefits await Greece if it can clinch QE eligibility
EconomyFeaturesIf it manages to conclude the second review, Athens has its heart set on the inclusion of Greek... to the universe of eligible assets. The maturity range was initially set between 2 to 30 years... interbank repos using GGBs, T-Bills and covered bonds as collateral if GGBs are included in the QE
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Newsletter 124 - 23/06/2017
with its plan to set up a Greek development bank. The idea was recognised in the Eurogroup statement... of the year or early next year, a belief he expressed before and after last week’s Eurogroup. “I don’t know... on the Eurogroup agreement has been set for that day, providing the opposition parties with a chance
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Multi-bill on way as Athens aims to complete third review by Jan 22
EconomyProgramme. The European Stability Mechanism (ESM) is set to transfer the next loan instalment when its board meets in February. The conclusion of the third review will act as a trigger for the next set...-month T-bill were sold at an interest rate of 1.65 percent, down from 1.95 percent in the previous
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