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Newsletter 222 -04/10/2019
state aid rules. The details of the scheme, dubbed the Hercules Project, were submitted to Brussels last
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Banks highlight areas of concern in talks on NPL scheme
EconomyBankingfor the scheme to avoid any complications of being considered state aid and leading to it being rejected by DG
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Newsletter 223 -11/10/2019
submitted by Athens does not entail any state aid. The Greek authorities have been mulling institutional
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Banks enter final quarter with high hopes for bad loan reduction while challenges remain
EconomyBankingGreece’s banks entered the final quarter of the year with several key developments on the front of reducing their bad loan pile. The asset protection scheme code-named Hercules was given the go-ahead after the Commission found that the proposed mechanism did not involve state aid within the meaning
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Piraeus sets ambitious NPL targets with Intrum deal as banks prepare securitisations
EconomyBankingthe European Commission found that the proposed mechanism did not contravene the EU's rules on state aid
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New asylum law comes up against old failings
Agoraaccess to legal aid in Greece. Even before a change in the asylum process was considered, there were
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Central government debt down to 353.85 bln in Q3, average maturity stable at 21 years
EconomyMacroeconomy). The majority of FSM loans relate to the EU’s financial aid of 256.5 billion, of which 52.9 billion relate
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FM rallies opposition to Turkey-Libya deal as Athens prepares for EastMed signing
PoliticsForeign Policymaritime borders and Turkish military aid were also raised. The two sides agreed that these memoranda
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New pension system, lower primary surpluses among govt targets for 2020
PoliticsGreek Politicsin the trade deficit, and increased activity in the building sector. Other developments that could aid Greece
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Central government debt increases by 2.16 bln to 356.01 bln in Q4
EconomyMacroeconomyloans relate to the EU’s financial aid of 256.5 billion, of which 52.9 billion relate to the Greek
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