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Eurobank makes 877 mln bond exchange offer to cover part of its capital shortfall
EconomyBankingEurobank became on Thursday the third Greek bank to announce a Liability Management Exercise (LME... bank bonds. The offer relates to 532 million senior bonds, 267 million Tier 2 securities and 78... to commence on or about November 4 and last until November 11. Piraeus initiated Greek banks’ LMEs
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Eurobank presents 2.12 bln equity raising plan to cover capital needs
EconomyBankingplacement to qualified Greek and international institutional investors. The equity raising also includes... securities exchanged at 100 percent of nominal value, 267 million to Tier 2 securities (at 80 percent... increase, the bank may accept partially the LME orders. Eurobank is the only Greek systemic bank
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Increase of 11 pct in minimum wage to have knock-on effect in economy
Economythat will suit the capacity and characteristics of the Greek economy, is supposed to be fully owned by the Greek authorities, Tsipras overlooking the wise men’s recommendation suggests that the fact Greece... the company 813 euros per month, with social security contributions reaching 267 euros and no income tax
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Alpha Bank posts net profits of 59.4 mln in Q2, NPE sales worth 3.7 bln planned for remainder of year
EconomyBankingthe implementation of the bank’s transformation plan as well as successful corporate restructurings. Greek NPE... for 2019. The first is the sale of a portfolio of Greek SMEs secured with real estate assets... from the bancassurance business. Recurring operating expenses rose by 4 percent QoQ to 267 million
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Tsipras eyes review conclusion, insists SYRIZA patience will pay off
PoliticsGreek PoliticsTsipras’s recent trip to the USA does not seem to have had a strong impact on Greek voters. Just...-governmental organisations have raised concerns recently about the conditions faced by refugees... or overcrowded conditions, as seen last winter, when several deaths were recorded, are repeated in the coming
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Newsletter 101 - 23/12/2016
their concerns about the Greek government’s handouts and seeking pledges that these were one-off... Greek officials and their eurozone counterparts failed to result in an agreement. Reports suggest... – even though eurozone finance ministers signed off on the measures at the December 5 Eurogroup
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Newsletter 146 -12/01/2018
and ticking off another milestone on the way towards exiting the third programme. The omnibus bill was tabled... percent of GDP. At the same time, yields for Greek debt continue on the de-escalating path... at 1.56 percent and the 5-year at 3.13 percent. The increased appetite for Greek debt is also
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Newsletter 381 - 19/05/2023
-nationalists Greek Solution end up with 3.3 percent. Around 9.7 percent of voters remain undecided... from 5.9 to 9.1, MeRA25 from 2.8 to 5.2 pct and Greek Solution from 2.3 to 4.7 pct. The support... MPs, SYRIZA 99, PASOK 35, KKE 25, MeRA25 14 and Greek Solution 12. These numbers suggest
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Bailout talks inch forward as Juncker comments complicate matters
PoliticsGreek Politicsbecause it was done without informing the institutions but it is in the perfect right of the Greek... part in the talks proposed that the threshold should be lowered gradually to 8,182 by 2018. The Greek... expects the surplus to be higher than the IMF’s projections, thereby strengthening the Greek
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Greece and Turkey search for way forward as leaders prepare for rare meeting
PoliticsForeign PolicyThe first meeting between Greek and Turkish leaders in roughly 18 months will take place... under the 6th High-Level Cooperation Council, to be held in Ankara. The Greek side, through... Ministry, dismissing the legality of the Greek claims, argued that “as Turkey, we maintain that a fair
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