Search
-
Fitch leaves rating unchanged, notes recovery potential and tricky fiscal balance
Economyrating agencies. S&P has Greece at ‘B+’ with a positive outlook and Moody's at ‘B1’, which is the ‘B... scale. This is the second consecutive review after February’s that Fitch has left its rating for Greece... government has committed to meeting the targets in 2019 and 2020 but eventually would like to reduce
2% -
MPs to vote on changes to governing process as opposition hits out at ND
PoliticsGreek Politicsminister’s office will be responsible for monitoring the progress of each ministry. This has prompted... the latter came to power. The opposition party has accused the centre-right government of lying about... has previously held a government position from being allowed to head the Competition Commission
2% -
Mitsotakis in Berlin with limited expectations
PoliticsGreek Politicscapitals for the new Prime Minister, in the course of which the government’s narrative has shifted... stressed that the government accepts the commitments that the country has entered.... There has been positive news recently with the decision to lift capital controls, improved revenues
2% -
Mitsotakis returns from Berlin with warm words but no encouragement on fiscal front
PoliticsGreek Politics. Following his two-hour meeting with Angela Merkel, the German Chancellor acknowledged that there has been much progress on a number of challenging reforms, and that Greece has gained positive momentum... seems to have struck a chord with Merkel, who has agreed to co-sponsor an investment forum
2% -
Eurobank net profits at 6 mln in Q2 amid increasing securitisations
EconomyBankingin Q1 while the NPL coverage ratio edged down to 69.1 percent. Eurobank noted that it currently has... portfolio, is scheduled to be closed in November 2019. This multi-asset securitisation has a gross book... 2019. Emergency Liquidity Assistance (ELA) funding has been fully eliminated, with the total now
2% -
Tsipras puts first broad brushstrokes to SYRIZA's picture in opposition
PoliticsGreek Politics, the centre-left Movement for Change (KINAL) has also been vehemently opposed to New Democracy’s labour... to Mitsotakis and New Democracy even since the elections, although the government has been in what is typically a “honeymoon period” with voters. The opinion poll suggested that the prime minister has
2% -
Athens submits APS plan aiming to remove up to 30 bln of NPLs from bank balance sheets
EconomyBankingBrussels. The report adds that the government has received assurances from all four systemic banks..., Piraeus Bank has the highest NPE stock on its balance sheets with the total currently standing at 26.1... euros. Eurobank had NPE stocks of 14.9 billion and NPL stocks of 11.1 billion. NBG currently has
2% -
SYRIZA launches membership drive but still struggles with 2015 backwash
PoliticsGreek Politicsovershadowed by the dragging up of the party’s problematic past. The party has launched a website.... The effort to focus on the party’s future has been overshadowed to some extent by the revival... to avoid Varoufakis and his party profiting from the fallout. SYRIZA has settled on a narrative
2% -
Greece worst in EU for gender equality as power resides overwhelmingly with men
SocietyThe latest report by the European Institute on Gender Equality (EIGE) for 2019 has revealed... score has risen by only 4.4 points between 2005 to 2017. The EU average score was 67.4 points... with children, women earn 22 percent less than men and 23 percent less where the couple has
2% -
S&P raises Greek rating to 'BB-' on reduced fiscal risks, lifting of capital controls
Economypositive outlook for the country. Now S&P and Fitch are on a par, while Moody’s has Greece one grade..., the agency notes that Greece has one of the most advantageous debt profiles of all the sovereigns it rates..., after the final disbursement from the European Stability Mechanism (ESM), Greece has a sizable cash
2%