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Newsletter 118 - 12/05/2017
time deposit rate edged down 1 basis point (bp) to 0.66 percent in March, Bank of Greece figures... for a vote on the draft legislation by the end of next week. The initial schedule set out by parliamentary... falls into a grey area. The precedent set during similar situations in previous years means
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Eurogroup doesn't end in tie for Tsipras
Agoraincludes 1.6 billion euros that will be set aside for clearance of arrears. The total arrears currently... have initially wanted but it also requires Greece to set aside around 100 percent of its GDP... clarity on debt relief measures, the pledge for nearly 1 billion euros extra in EU fund, certainty
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Tsipras tries to keep government's eyes on the prize
PoliticsGreek Politicsset for July. During his meeting with Tsipras on Tuesday, New Democracy leader Kyriakos Mitsotakis... that the government has set out for the development bank are that it will be a public institution.... Significantly, he made reference to the Noor 1 case, which takes its name from a cargo ship
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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...’s testimony in connection to a major drug smuggling incident. The allegations concern the Noor 1... on the Eurogroup agreement has been set for that day, providing the opposition parties with a chance
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Newsletter 133
organisation’s demand for a new set of asset quality reviews (AQRs) to be conducted. The IMF has... finance minister could also play an important role in this process. Wolfgang Schaeuble is set to leave... the year that pensions have to be cut by 1 percent of GDP. The prospect of both of these measures being
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Eurobank sells NPL package in attempt to reduce bad debt pile
EconomyBankingtranslates into 10 million euros annually. Banking sources suggested that this inaugural transaction set... another 1 and 2.5 billion are due to be assigned within October and mid-2018 respectively. Piraeus.... It is rumoured that it is packaging a set of consumer loans worth 1-1.5 billion euros for sale.
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After reaching SLA, Athens focuses on prior actions and next bond issue
EconomyProgramme. “Staff level agreement reached after a very constructive set of discussions in Athens,” tweeted Economic... agreed that the Greek authorities would set up a credit bureau that will provide credit scores based... is due to be removed from January 1 next year but Tsakalotos said that there is enough fiscal space
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A year of risk and reward for Greece
Agoraout of the way means there is just one more inspection ahead. Although it is set to involve more... of this helps address the key issues. For instance, the IMF sees the Greek economy growing by no more than 1... much at all. This year should provide Greece with a golden opportunity to set itself on a different
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Eurogroup confirms third review almost done but e-auctions still a concern
EconomyProgrammeamong the institutions is that auctions will not keep pace with the guidelines set out by the lenders... tranche of 5.7 billion euros next month. Another 1 billion euros is due to be released after that once... – how much money are you going to set aside?” The Greek minister confirmed that the government aims
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New measures to ease capital controls, lift restrictions on opening bank accounts
EconomyMacroeconomypublished in the government’s gazette. It is the third set of measures that the MoF has announced to relax... March 1, it will be possible to open a new account without restrictions for any person, legal...-beneficiary to an existing account, independent of creating a new customer ID. The previous set
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