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Eurogroup gives Greece another week to agree measures, keeps tranche and recap funds on hold
EconomyProgrammeKlaus Regling said that following the announcement of Greek banks’ capital shortfall at 14.4 billion... in the next few days, a development which is also crucial for private sector participation in banks’ capital...’ capital increases. This in turn would erode the optimistic outlook for a successful outcome
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BoG report highlights need for programme implementation, political consensus
Economyfor the financial sector, also encouraging the return of deposits and the lifting of capital controls. The BoG said that the imposition of capital controls initially had an immediate and visible negative... on the implementation of reforms, ownership of the new programme and the removal of capital controls, the BoG noted
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Newsletter 96 - 18/11/2016
capital. In his statement following a meeting with Prime Minister Alexis Tsipras, Obama struck all... capital were not encouraging. While Obama was still in Athens, German Finance Minister Wolfgang... figures were dragged down in the wake of capital controls. Despite the recent upswing, the aggregate
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Moody’s changes outlook for Greek banks from negative to stable
EconomyBankingto meet the regulator’s target. Greek bank’s capital ratios remain sound, with the Common Equity Tier...), which is considered to be lower quality capital, according to Moody’s. Moreover, the rating agency expects Greek banks’ capital base to remain at risk considering their precarious asset quality
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Liquidity and NPL resolution feature prominently in draft deal between Greece and lenders
EconomyProgramme) will send a quarterly report to the institutions including key statistics related to capital controls... 2017, the Finance Ministry (MoF) and BoG will have to publish a roadmap for the relaxation of capital... not cover capital shortfalls, the BoG will undertake appropriate actions by March 2017. In addition
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Details of technical agreement between Greece and lenders set out in draft sMoU
EconomyProgrammethe key interventions included in latest draft MoU related to fiscal and pension reforms, capital... the contract of trade unionists will be reviewed. Capital controls Bank of Greece (BoG) and the Finance Ministry (MoF) will prepare and publish the roadmap for the relaxation of capital controls outlining
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Review demands put spotlight on Greek banks
EconomyBankingof June 2015, the IMF has earmarked an amount of 10 billion euros for potential bank capital needs... capital base which consists of circa 70 percent of Deferred Tax Assets (DTA) and believes... of bad loans would allow the relaxation of capital controls before the end of the programme and banks
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Greece's open floodgates
Agorafor households and businesses afflicted by the catastrophic flooding in western parts of the capital... last week. Around 20 people lost their lives in the capital of a developed European Union member state.... Meanwhile, in terms of fixed capital formation in the national accounts, “other construction” (which
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BoG sees recovery strengthening, proposes post-MoU safety net
Economyof the programme in spring, debt relief and the complete lifting of capital controls. Risks to achieving those... at 17.1 percent and Capital Adequacy was 17.2 percent, from 16.9 percent and 17 percent in December 2016... fresh capital from abroad. The settlement of the debt issue is a key to this. The central bank has
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Stress test assumptions cause few concerns for Greek banks
EconomyBankinginsisted on having a full view of the state of Greek lenders and any potential capital needs well ahead... capital controls had just been imposed. Capital adequacy ratios between 15 and 18 percent also create... the outcome of the exercise and believe that even if cases of added capital requirements come up
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