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Newsletter 43 - 18/09/2015
in October While the outcome of Sunday’s election remains too close to call, the challenges the new... reforms. It is understood that the new fiscal targets agreed with the creditors call for a primary
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Greece seeks EU help on refugees after Schengen threat but big challenges remain
PoliticsForeign Policywith the refugee and migrant crisis. The call for help from Athens appears to have been prompted by multiple... as it gave fodder to the opposition parties in Greece. Also, Greece's call for help came a few hours
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Eurobank reports loss in Q4 and for 2015, management expects bank to turn profitable in 2016
EconomyBankingpercent in the next 3-4 years. Asked during the conference call, the management indicated it would... profitable in the next years. During the conference call, the management provided guidance for 2016
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Piraeus posts 1.24 bln loss in Q4 on jump in loan provisions
EconomyBankingcall, the management said it expects negative new NPL formation in the course of 2016 with the NPL... ratio close to 130 percent. During the conference call, the management said deposit outflows of around
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Brussels attacks prompt fears in Athens over handling of refugee crisis
PoliticsForeign Policyand there appears no let-up in the flows from Turkey. This prompted Prime Minister Alexis Tsipras to call German... to stem the flows across the Aegean. The phone call to Merkel underlined how reliant Athens
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Tension rises in Greece but creditors see potential for agreement soon
PoliticsGreek Politicsdramatic call to European Council president Donald Tusk, is an indication that Athens has not given... will call elections if he feels he cannot get a deal that will be supported by his MPs. However, one could
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Piraeus reports net loss of 37 mln in Q1, records negative NPL formation for first time since 2008
EconomyBankingthe conference call, the management stated it is not very keen to proceed to massive NPL sales... percent in the previous quarter. During the conference call, the management appeared optimistic
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Newsletter 91 - 07/10/2016
or a backdoor tax amnesty. The inability to enforce such schemes led the IMF this past month to call... – is prepared to call these practices into question and willing to do something about them. Instead, past
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Piraeus Bank posts net profits of 31 mln in Q3, records improved asset quality trends
EconomyBanking. The management said at the conference call that most of the NPE reduction is due to write-offs... impact from the loan deleveraging. During the conference call, the management noted it expects low
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Obama ends with big picture amid dwindling hope
Agoranegotiation, that could potentially be good for everyone.” Repeat calls His call for debt relief... and security developments have changed the background against which Washington’s call for debt
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