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Piraeus Q3 trading update shows significant acceleration in NPL formation
EconomyBankingto 356 million euros in Q3 from 111 million in Q2. This was primarily led by the Greek operations... on quarter (QoQ) to 38.1 billion in Q3 from 38.8 billion in Q2 with Greek deposits down 0.6 percent... with gross loans contracting 1.1 percent QoQ to 68.9 billion euros, whilst the Greek figure recorded
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Greece gets tranche and looks ahead to next tasks, including pensions and NPLs
EconomyProgrammeby the Greek government and stressed that the focus has now turned to the next stages of the ESM programme. It called on the Greek authorities to accelerate the pace of its work with institutions... on to the second set of measures, while also called on the Greek authorities to tackle the remaining
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Banks reveal new capital structures, ex-bondholders sell shareholdings
Economy. On the flipside, the share of Greek institutional investors was diluted to 0.17 percent from 1.05 percent before and that of Greek individuals to 1.51 percent from 9.08 percent previously. Eurobank A broadly... of total shares, Greek investors who subscribed in the Greek public offer 11 percent, while
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Greece a gateway and scapegoat in EU's refugee crisis
Agorait was blatantly obvious there was no certainty such goals could be achieved. However, the Greek government... the EU had been calling for, Frontex revealed that it had been unable to meet a Greek request to cover the daily subsistence allowances of 1,535 Greek police officers, who are presumably
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The year that Greece (nearly) saw it all
AgoraSince the Greek crisis began, the action has hardly stopped. But even by its standards, Greece.... Happy reminiscing. Best regards, Nick Malkoutzis Editor The Agora You've heard the Greek crisis... This is the deal Greece will go in search of at Wednesday's sceptical Eurogroup Feb 7 Economy Greek
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Greece, eurozone edge closer on pensions and fiscal gap but IMF keeps bar high
EconomyProgrammeforeseen by the Greek authorities, the European institutions and the IMF. Thus, the date of the mission... - are broadly aligned with those of the Greek government on the fiscal gap for 2016. However, he stressed..., whilst the IMF’s forecast is close to 1.8 percent of GDP. The deviation from the Greek authorities
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Tsipras plays to domestic gallery over IMF dispute
PoliticsGreek Politicsthe International Monetary Fund leaves the Greek programme. While Tsipras did continue his criticism... a permanent break with the fund at this stage. The Greek premier highlighted what he believes have been... Mouse” measures from the Greek side. “Some people ask us why we don’t accept a reduction
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Negotiations between Greece and lenders: state of play ahead of Eurogroup meeting
EconomyProgrammeCommission (EC) appears to support this stance and it officially confirmed earlier this week that the Greek... of Greek Workers (GSEE) and the civil servants’ union (ADEDY) called a 48-hour general strike on Friday... President Mario Draghi to the Greek NEP Notis Marias it was clarified that “there is no specific
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Eurozone sets out proposals for staggered debt relief for Greece
EconomyProgrammeThe Greek government was encouraged by the public references to debt relief following Monday’s... to Greek debt: Short-term, medium-term and long-term. Any measures adopted will seek to put...) sees the Greek economy growing by 3.1 percent in 2018, 2.8 percent in 2019, 2.5 percent in 2020, 1.5
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NPL resolution in Italy and Greece
Agoraand certain creditors. Initially, the Greek approach was a combination of imposing a moratorium... of Greece. Under these circumstances Greek banks will also have to comply with the new regulations mandated... in the partnership. KKR’s involvement in Greek NPL management is an expansion of its bad loan platform
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