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What are the implications of the ECB's decision for Greek banks?
EconomyMinistry issued a statement explaining the ECB’s decision as one designed “to put pressure... lenders. This move means that such collaterals would not be eligible for ECB funding as of February... banks’ ECB funding stood at 56 billion euros at the end of December. This figure reportedly rose close
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Newsletter 211 -21/06/2019
to sit through the summer and that in September an important package of draft legislation would be put... their dependency on emergency financing from the central bank (ELA), a sign of normalisation in funding... industrial groupings. Eurosystem funding drops by 399 mln in May Figure for ELA collateral falls to zero
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One unicorn does not a Silicon Valley make: positive news on startup front also highlights limitations
EconomyFeaturesMitsotakis put it recently, speaking on a teleconference with startuppers, “The goal is always... reported that the sector received record funding in 2021, approaching a total 1 billion USD. The news has... exceeded 1 million euros. Funding Funding, as one would expect to a degree, is also unequally
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Surveillance hearings in Athens and Brussels highlight contrasting approaches to issue
PoliticsGreek Politicsof EYP during the period that Androulakis as put under surveillance. The opposition parties had been... is now taking a carrot-and-stick approach to hitting a binding 10 pct energy savings target across the public sector. Public authorities which fail to meet the target will see funding cuts and hiring
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Can the Green Transition be just?
Agoraimports of Russian fossil fuels. Of the €300 billion package put together to achieve this goal, €288... binding, while setting a more immediate climate goal for 2030, namely, the reduction of net greenhouse... in the green transition can be achieved through the funding of projects that accelerate it, rather
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Athens facing final steps in third review as next milestones identified
EconomyProgrammethat whatever strategy is put forward ensures that the fiscal targets for the coming years (3.5 percent of GDP..., the completion of the tender for gas grid operator DESFA (the deadline for binding offers is February... with binding targets for employment, growth and fiscal discipline. If eurozone finance ministers give the green
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Banks focus on defining challenge of reducing NPEs
EconomyBankingof loans at 11.6 billion euros, with liquidations generating an NPE reduction of 10.6 billion. Having put... by Alpha Bank announcing in March that it signed a binding agreement with B2Holding group for the disposal... of NPLs by the bank to around 4 billion across 2018. Today, Piraeus expects to receive the binding offers
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Privatisation revenues edge upward as end-of-year deadline looms
EconomyFeaturesof the persisting impression among Greeks that the country has put on a fire sale of its best assets in order... charges were not financially viable. Binding bids for the concession are due to be submitted by the end... to receive binding offers for HELPE before the end of the year. In July, the deal to transfer 49 percent
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Coronavirus to delay much of privatisation plan
EconomyFeaturesInternational Airport to 2021 given the severe disruptions to travel due to the restrictions put in place... binding offers. That phase would have taken place within the next few months under normal... Gas Corporation (DEPA) due to the disruption caused by the coronavirus. Nine non-binding offers were
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Banks remain largely profitable in Q2, with focus on NPL reductions
EconomyBankingof existing loans. According to eauctions.gr, around 320 properties were put up for auction last Wednesday...’s various portfolios, management noted that a binding offer had been received for the sale... that it had entered into a binding agreement with Intrum for the purchase of 30 percent
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