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Greece and lenders far apart on foreclosures as housing NPLs keep rising
EconomyProgrammeto 300,000 euros for a single person, 375,000 euros for a married couple, 412,500 euros for a married
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Alpha makes 1.09 bln bond swap offer to boost capital
EconomyBankingfrom the comprehensive assessment conducted by the ECB’s Single Supervisory Mechanism (SSM). According
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Eurobank makes 877 mln bond exchange offer to cover part of its capital shortfall
EconomyBankingor by a maximum of 1.06 billion for the exchange option, if all bondholders accept the offer. The ECB’s Single
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Retail sales down by 4 pct in August for third straight fall
EconomyMacroeconomywith just a single growth rate of 2.4 percent recorded in May. Retail volume also fell but at a slower
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Tsipras rages against EU over refugee crisis but own goals unclear
PoliticsForeign Policythat Greece is not asking for a “single euro” to do its duty in saving refugees and migrants who are trying
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ECB sees Greek banks' total capital needs at 14.4 bln, recap plans to come
EconomyThe ECB’s Single Supervisory Mechanism (SSM) announced on Saturday the outcome of the comprehensive assessment of Greek banks, which consisted of an Asset Quality Review (AQR) and a stress test under a baseline and an adverse scenario. The capital needs that resulted from that assessment stood
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Sharp increase for Greek bank provisions in Q2 due to capital shortfall highlighted by ECB
EconomyBankingFollowing the publication of their capital needs resulting from the comprehensive assessment conducted by the ECB’s Single Supervisory Mechanism (SSM), Greek banks released on Saturday evening their second quarter (Q2) financial results. In addition, Alpha and Piraeus also announced their Q3
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Piraeus Bank reveals mitigating actions aimed at reducing size of capital increase
EconomyBankingPiraeus Bank revealed on Monday the capital actions that it intends to submit to the ECB’s Single Supervisory Mechanism (SSM) to cover the capital shortfall that resulted from the comprehensive assessment. Piraeus’s capital needs at 2.21 billion euros under the baseline scenario of the stress test
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This is what the ECB’s comprehensive assessment tells us about Greek banks
AgoraThe ECB’s Single Supervisory Mechanism (SSM) disclosed on Saturday morning the outcome of the comprehensive assessment on Greek banks that showed capital needs were broadly manageable and in line with recent market rumors and media reports. The assessment comprised an Asset Quality Review (AQR
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Athens ticking off prior actions one by one as EU keeps close watch
PoliticsGreek Politicswith a statutory value (as set for tax purposes) up to 300,000 euros for a single person, 375,000 euros
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