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ECB set to provide extra liquidity to Greek banks but capital needs remain an issue
Economythat this will happen. Greek bank’s ECB funding collateral is made up of state-guaranteed bank bonds (up to 40... of more than 12 billion euros to be made available. A follow-up issue, also related to pillar II bonds
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Alpha Bank nine-month profits at 110.3 mln, NPL ratio at 33.6 pct
EconomyBankingin Q2. The QoQ improvement mainly reflects increased net interest income (NII). Higher NII, up 2.3... billion euros, up by 3 billion compared to the reported NPLs of 21.1 billion. Restructured loans stood... improved to 115 percent in Q3 from 119 percent in Q2 with the positive impact from Citibank making up
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Newsletter 3 - 14/11/2014
was tested, the coalition faces a delicate few weeks ahead as it tries to wrap up the current troika... to the state, which now total about 85 billion euros, in up to 100 instalments. The new legislation... allowing taxpayers to pay off their overdue taxes in up to 100 instalments will create an additional
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Tsipras bolsters ties with Europe’s rising leftists but also looks beyond
PoliticsGreek Politicsis at the forefront of trying to turn this into reality. Tsipras was up front and centre at the meeting... soon. The SYRIZA leader had been lined up to meet European Commission President Jean-Claude Juncker... will develop if he ends up leading Greece will be one of the defining factors in his possible premiership
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Troika and Greece in stalemate over budget targets, prior actions as time ticks away
EconomyProgrammeof the thorniest issues, with recent reports suggesting it is estimated by the troika up to 3.6 billion... that the recently voted law on settling unpaid taxes in up to 100 installments would create... for a technical extension of the current bailout program for up to six months. This means
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Piraeus Bank posts net loss of 1.56 bln in Q3
EconomyBankingincome (NII) up by 1.7 percent QoQ and 12.1 percent YoY and fee income by 8.3 and 17.6 percent... loss reserves - LLRs) reached 12.5 billion in Q3 corresponding to 22.6 percent of total loans up... categories showing an increase from +0.6 percent for savings up to +1.6 percent for sight deposits
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Two more parties prepare to step onto overcrowded Greek political stage
PoliticsGreek Politicselections] have to regroup,” he said, summing up his philosophy. “If New Democracy could count.... The lawmaker set up his own centre-left movement, Metarythmistes (Reformers), and is now considering... and start showing up on surveys. The creation of these two parties would take to over 20 the number
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Newsletter 6 - 5/12/2014
the calls and risk looking as if it was shunning an opportunity for consensus. PMI edges up... ground to be conceded by the eurozone. This, of course, is not a reason in itself to give up the fight..., there are bound to be great expectations on the other. This fact has to be weighed up against Tsipras
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Greek MPs pass 2015 budget but give few clues for presidential vote
PoliticsGreek Politics, when the government will need 180 ballots. SYRIZA leader Alexis Tsipras attempted to up the stakes... lawmakers. Tsipras's language in the last week, especially in Parliament, represents a ramping up... rapidly drew up legislation that would allow prisoners to study from jail via distance learning
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Newsletter 7 - 12/12/2014
up the pressure on the MPs that may swing over to the coalition’s side by painting a grim picture... was confirmed by the most objective judge – the markets,” he said after investors snapped up three billion... on those bonds shot up to almost 10 percent. Suddenly, the markets do not seem so confident. So
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