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Athens seeks talks with Erdogan as Turkey steps up diplomatic activity in region
PoliticsForeign Policythe government of Eastern Libya to ratify the Turkey-Libya Memorandum of Understanding... the Eastern Libya authorities to ratify the memorandum Ankara agreed in 2019 with the government in Tripoli... (MIT) Ibrahim Kalin, the same reports claim. However, the political situation in Libya is currently
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How Greek banks moved into a new era
Agora, the four banks had accumulated LLRs of 43 billion corresponding to 16.6 percent of the total loan book... at 29.5 billion. Current prices indicate Greek banks are trading 1.1x their Q1 book value and 1.2x their Q1 tangible book value. Under the base case scenario for the economy and assuming political
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Renewed concern over East Med as Turkey aims to resume drilling
PoliticsForeign Policyof Greek air space during the Greek Orthodox Easter, while Rear Admiral Cihat Yayci in his new book... were not acquired by Greece under international law and that they are Turkish territory. In Libya... and designated to enforce the UN Security Council Arms embargo on Libya in place since 2011.
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Amid efforts to help banks reduce NPLs, portfolio sales dominate drive to meet 2018 targets
EconomyBankingloan portfolio securitised against mortgages, with a gross book value of about 2 billion euros... for the sale of the portfolios which are collateralised against real estate with an on-book value of 1.... The portfolio focuses on non-performing loans of approximately 10 shipping companies with a gross book value
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Newsletter 505 - 22/05/2026
understand Greek concerns about Turkey’s revisionist rhetoric, instability in Libya and migration flows... growth of 1.9% and raising its inflation estimate to 3.1%. Last week, in the progress report for 2026...%, with a particularly worrying estimate for investment in 2027, rising by just 1.3% — a strong indication
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What is SYRIZA planning to do with Greek banks?
Economyrelated to increases or decreases of share capital, mergers, split-ups or winding up of banks... programme with a total cost estimated at 11.4 billion euros. SYRIZA’s economic policies were... of any type of unpaid obligations to banks. The cost of capital for this entity is estimated by SYRIZA
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Where is Odysseus? Part 4 - Unemployment and Employment
Agorapercent of GDP. The Plan that Odysseus had developed in 2018 is described in a book... will combine the baseline estimate of the LF with the baseline estimate for the UR. For the low... calculations with the path that was envisaged in the book of 2018. *Bob Traa is a macroeconomist
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Court ruling on pension cuts could create new problem in talks, fiscal plans
EconomyProgrammepensions of a total amount of 2.07 billion and the remaining 277 million relates to supplementary... for pensions below the 700-euro limit. The government estimates that the cost of the partial reintroduction... to public coffers is estimated at 1.5 to 4.5 billion euros, depending on whether the restoration
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EC revises growth estimate upward to 4.1 pct this year, 6 pct in 2022
EconomyMacroeconomyThe European Commission updated its economic estimates for Greece in the context of the 2021 Spring Forecasts, where the estimates are slightly improved from the previous forecasts in February... estimates assume the relief measures that have so far cushioned the blow on the economy will not be cut
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The government decisions that could shape the future of Greek banks
Economyonly on resolutions related to increase or decrease of share capital, merger, split-up or winding up... of this intervention was estimated at 2 billion euros. Since further details have not been disclosed
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