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Eurosystem funding falls by 978 mln in Nov, banknotes increase for fourth month
EconomyMacroeconomy, the Bank of Greece's (BoG) monthly financial statement has revealed. As of the latest month, the total... the total to 9.52 billion. The fall this month in Eurosystem funding reverses an increase in funding of 974... of total liquidity at 77.8 percent, having overtaken ELA funding in April of this year. In November
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Unpaid contributions rise to 33.86 bln as more legacy debtors added
EconomyMacroeconomyshort of 1.4 million. Most debtors, 49 percent of the total, owe less than 5,000 euros for a total... at 382,650, representing a rise of 86,911 from the previous quarter. The relevant amount rose by 859 million
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Value of HFSF participation in Greek banks falls to 17 billion
EconomyBankingcorresponding to only 1.8 percent of the total amount. Although initial press reports had indicated... of 859 million was recorded due to the drop in the valuation of bank warrants. The highest negative
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Debt relief measures move ahead as Athens prepares to use fiscal space
EconomyProgrammeto repay in the coming weeks around 40 percent of the total it owes to the IMF. This concerns... ahead with plans to repay part of the loans it has received from the International Monetary Fund... in total, the European Stability Mechanism (ESM) will transfer 644.42 million euros, which relates
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Outsider Kasselakis on track to lead SYRIZA after securing key backers
PoliticsGreek PoliticsAchtsioglou who only managed 36.18 percent in the final count. A total 148,821 party members cast.... Libya debacle The government, meanwhile, is facing criticism over its handling of the deaths of five members of a Greek humanitarian rescue mission in Libya under unclear circumstances. The victims
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Newsletter 220 -20/09/2019
stated its intent earlier this year to repay some IMF loans ahead of time. But political developments... to repay 2.9 billion euros, which carries an interest of 4.9 percent and the prepayment will save... at 45.4 percent of total loans, down from 47.2 percent. After coming to power in July, New
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Athens takes plunge on gas exploration, sees hope in Israel-Lebanon deal
PoliticsForeign Policyand the island of Crete. "We want to make an opening with Libya as a whole, so that we can finally... located in the area between Greece and Libya," Mitsotakis said in an interview with ANT-1 TV, last Monday. It appears that Athens has decided to begin surveys in response to the recent Turkish-Libya
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Newsletter 202 -12/04/2019
perspective, it is reasonable to aim to repay this ahead of time, especially as Greece holds close to 30... sense to repay that because it would strengthen Greece’s debt sustainability,” he said. “Of course... newspaper. The PDMA has already around 70 percent of the total 7 billion euros that Greece
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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... highlighted that the proceeds from the Finansbank sale will be used to repay CoCos. The CoCos qualify
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Newsletter 234 -10/01/2020
with Ankara, which escalated following Turkey’s decision to sign a maritime agreement with Libya... actions in Libya, as well as the two memoranda signed between Ankara and Tripoli. However, Turkey’s... fall of 829 million euros, bringing the total figure to 1.10 billion euros. The equivalent figure
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