Search
-
Alpha Bank net losses rise to 440mln in Q4 2014, NPL ratio at 33 pct
EconomyBankingby a 5 bps contraction in the loan spread. Compared to Q4 2013, loan spread has eroded by 13 bps, while deposit spread has improved by 42 bps. Expenses Operating expenses (excluding integration... billion with the bulk (4.2 billion) related to EFSF bonds. The bank also noted it has additional ELA
1% -
EU summit talks give Greece narrow window of opportunity for reforms
PoliticsGreek Politics. The statement adds little to what had been agreed previously but underlines that the process has... billion euros takes place soon remains an option, as it has been since February 20. According to reports in Greece, Tsipras told the EU officials that his government has enough cash to meet obligations
1% -
Greece to pay IMF but concluding negotiations will be a tougher task
PoliticsGreek Politicswill hold back on non-payroll costs, as it has done in previous months. Kathimerini newspaper... this month. Against this backdrop, it came as some surprise that the coalition has approved a payment... has received for some of his media appearances, this remains a solid showing. Tsipras is also
1% -
Higher revenues set to ease coalition's liquidity concerns
EconomyProgrammeThe Greek state has to imminently cover funding needs of around 1.2 billion euros this week in two key transactions, which are the most important for April’s obligations. The first relates... has publicly insisted the coalition has enough cash to cover April’s funding needs, amid market
1% -
Government's strategy unclear as pressure from lenders mounts
PoliticsGreek Politicsmajority means it does not need a new mandate. The idea of a referendum, in particular, has been in SYRIZA’s thinking since it was in opposition. It is also an idea that has strong support among... the coalition considers to be no-go areas, or “red lines.” The focus for a possible agreement has now
1% -
Golden Dawn trial begins against complex political backdrop
PoliticsGreek Politics, which has largely been able to hide behind a cloak of populist nationalism. The arrest of Golden... as their coalition partners. This makes for a potentially explosive political mix. Golden Dawn has...-influenced November 17 terrorist group, could be among those allowed to leave prison. This has angered
1% -
Greek relations with US on edge due to law allowing terrorist's release
PoliticsForeign Policycare he is receiving in prison (over which Greece has been warned by the European Court of Human... side, which has not been convinced by the arguments Athens has put forward. Pearce is said to have
1% -
The faces change, the issues remain the same
AgoraSuch has been the impasse between Greece and its lenders over the last three month (add a few more... corralled by a series of moves on Monday. Tsakalotos has accompanied Varoufakis to a number of his international meetings since January and has already taken part in the tortuous technical talks
1% -
Moody's downgrades Greek bond rating, sees chances of accident rising
Economy. The rating agency notes that there are indications that the process has taken a new sense... in a Greece defaulting on its marketable debt (including that held by the ECB) has risen. Low investor confidence has adversely deposits, which have fallen by around 32 billion euros since December
1% -
Tsipras eyes movement on EEZ after second Greece, Cyprus and Egypt pact
PoliticsForeign PolicyZones (EEZ) in 2003 but there has been no such deal between Athens and Cairo. Greece’s greatest concern... objections have so far acted as a deterrent for Egypt, which has feared damaging its relations... of antagonising Turkey but the decision to mark out their EEZs in areas where Ankara has no claims
1%