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What are the implications of the ECB's decision for Greek banks?
Economy. In any case, Greek banks can still place their total EFSF bond holding (38 billion) with the ECB... deposit rate in Greece, which stood at 1.82 percent in January, according to BoG. ELA Greek banks can... and ELA funding, the ECB still has the last word since emergency liquidity can be blocked
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What do EBA tests reveal, or fail to highlight, about Greek banks?
Economyas well as those of Piraeus (1.2 percentage points) and Alpha (0.5 percentage points). Eurobank has... limited (up to 1 billion euros each), except National holding Titlos, a 5.1 billion euros nominal value floating rate asset-backed note, which was excluded from both bond transactions. The four Greek
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Alexis's choice
Agoraand the anxiety of the last few months has not been in vain. However, while the party may accept some of the measures – even the creation of a single VAT rate of around 18 percent for almost all goods... minister to hobble on. The third option of holding a referendum to throw the decision back to the Greek
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Eurobank presents 2.12 bln equity raising plan to cover capital needs
EconomyBanking, the management stressed that it has already secured support from cornerstone investors for the share capital... holding 20.03 percent of Eurobank shares, Capital controls 8.65 percent and Mackenzie 5.84 percent... losses of 83 million, due to a capital enhancement of 504 million from the change in the tax rate
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Creating a competitive natural gas market: Legal aspects and investment opportunities
Legal, from 01.01.2018. “Eligible Customers” also include all power producers holding licenses for use... in 2020. Moreover, the quantitative maximum participation limit per candidate buyer has to increase from..., to increase the LNG gasification rate and to upgrade port facilities to allow berthing of larger
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BoG cautiously optimistic on economy and banking sector
EconomyGreece’s economy and banking system are holding firm against global headwinds, according to the Bank of Greece (BoG)’s latest Financial Stability Review. While growth has slowed slightly, the report... and investment gains helped offset narrower interest margins after European Central Bank rate cuts
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Greek banks eye positive market appetite for bad loan sales
EconomyBankinga holding company. In Piraeus Bank’s preliminary summary ahead of their full 2019 results, the bank... quarter versus the current rate for 2019 of 260 million euros. Cash collections, curings, liquidations and write-offs are assumed to come to 1.1 billion euros per quarter, on par with the current rate seen
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Where is Odysseus? Part 4 - Unemployment and Employment
Agorathat the natural rate of unemployment could settle at 7 percent, or is this too optimistic? Has fiscal.... We can first consider how the economy may transition from today’s high (cyclical) unemployment rate to a more “natural (structural) unemployment rate” in the steady state. Once we have a path
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Greek deflation decelerates to 1.5 pct due to VAT rate hikes
EconomyMacroeconomythe implications from the VAT rate streamlining will be included in the August CPI, except some.... On a monthly basis, CPI fell by 0.4 percent month on month (MoM) as the impact from the VAT rate
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Revised data shows economy shrank by higher rate of 21.4 pct from 2010 to 2014
Economy, while the cumulative drop in imports was 9.9 percent, higher than the March rate of 8.8 percent. Real GDP The revision of national accounts also impacted the real GDP growth rates, with the 2014 rate
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