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Athens eyes multiple benefits from joining China-backed 17+1 initiative
PoliticsForeign Policyand the initiative itself,” the Greek premier said in Dubrovnik. Tsipras confirmed that Greece is seeking co... Tsipras’ image abroad and domestically ahead of elections. Albania The Greek prime minister held... demanding the rights of the Greek minority be respected. He linked the issue with Albania’s EU
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Eurosystem funding falls by 625 mln in Mar, banknotes in circulation rise by 120 mln
EconomyMacroeconomyGreek banks’ Eurosystem funding declined by 625 million euros month-on-month (MoM) in March... this peak, Eurosystem funding to Greek banks has steadily declined by 148.71 billion euros... in central bank funding across the last two years reflects the reinstatement of the waiver on Greek
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Detailed SME study shows crisis impact and business evolution
EconomyFeaturesnotes that SMEs appear to have missed out on the economic recovery beginning to manifest in the Greek... exports part of their products and services. The Greek business landscape has long been characterised... and small-sized enterprises were found by the study to account for 85.2 percent of jobs in the Greek
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Eurosystem funding rises by 84 mln in Apr, ELA eliminated
EconomyMacroeconomyGreek banks’ Eurosystem funding edged up by 84 million euros month-on-month (MoM) in April... to Greek banks has steadily declined by 148.63 billion euros. The majority of the fall (107.24... the last two years reflects the reinstatement of the waiver on Greek government securities along
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Regling underlines concerns about fiscal target after voter-friendly measures
EconomyProgrammethe overall stock by more than 8 billion euros. The ESM urges the Greek authorities to intensify... enhancing measures. The head of the ESM Klaus Regling was vocal in terms of the policy choices Greek... by the European Commission. “I take note that the Greek government says that they will reach
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Eurosystem funding drops by 399 mln in May, ELA collateral falls to zero
EconomyMacroeconomyGreek banks’ Eurosystem funding fell by 399 million euros month-on-month (MoM) in May, the monthly..., when the total amount stood at 157.09 billion euros. Since then, Eurosystem funding to Greek banks... funding across the last two years reflects the reinstatement of the waiver on Greek government
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Eurosystem funding rises by 539 mln in June, banknotes in circulation also up
EconomyMacroeconomyGreek banks’ Eurosystem funding rose by 539 million euros month-on-month (MoM) in June according... funding to Greek banks has steadily dropped. The total fall by June 2019 came to 148.49 billion euros... of the waiver on Greek government securities along with the lower haircut applied on ELA collateral
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New government aims for extensive changes to education system
SocietyGreece’s Education Minister Niki Kerameus announced New Democracy’s plans for changes in the Greek... in which a student must finish their course. The creation of courses in languages other than Greek....” Troubled system Outside observers have in the past pointed out that the Greek education system
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Athens submits APS plan aiming to remove up to 30 bln of NPLs from bank balance sheets
EconomyBankingThe Greek government appears to have submitted to the European Commission its final proposal... banks’ balance sheets. The scheme foresees Greek lenders securitising NPLs, with the senior tranches being guaranteed by the Greek state. This means that any losses will be guaranteed and banks
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Athens waits for credit rating upgrade as 10-year yield drops to new low
EconomyThere has been a continuous flow of positive messages from the sovereign debt market for Greek... income market has made GGBs an attractive prospect. Earlier in the month, Greek debt managers... of 1.5 percent, after an initial guidance of 1.55 percent, which is a historic low for the Greek
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