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IMF sees Greek debt above 200 pct of GDP in 2016, at 182 pct in 2020
Economyis seen easing to 1 percent in 2018 and to 0.3 percent in 2020. The cost of bank recapitalisation...) and substantially above the 124 percent target set by the November 2012 Eurogroup. Debt projections provided
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Revised data shows economy shrank by higher rate of 21.4 pct from 2010 to 2014
Economystatistics results for 2012. Nominal GDP Based on the new set of data, 2014 nominal GDP was adjusted.... The key changes relate to: 1) Total consumption, lowered by 4 billion to 160.39 billion 2) Change
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Loose ends to tie up on prior actions as lenders head back to Athens
PoliticsGreek PoliticsHaving got through the parliamentary debate and vote on the first set of prior actions Greece has to carry out this autumn without any major problems, the government now begins the potentially more... will lead to the disbursement of another 1 billion euros in loans and allow the first programme review
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Greek shares up for the third straight week on strong performance from banks
Economyeuros per share on October 19 with the payment date set on October 23. On Monday, Piraeus released... on Thursday Greek banks’ Emergency Liquidity Assistance (ELA) ceiling for the fifth straight time by 1 billion
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Tsipras and SYRIZA: More old than new
Agora, Tsipras’s path seems to have been set: after talking a good game to get elected, he will pay only lip... Minister Giorgos Stathakis’s failure to declare bank deposits of 1 million euros in his derivation
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Cabinet act firms up details of CoCos issuance by Greek banks
Economy) and common shares (25 percent). CoCos are perpetual and qualify as Common Equity Tier 1 (CET1) capital... the issuance and then the coupon is set at the 7-year mid swap rate plus a margin. According
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Newsletter 50 - 06/11/2015
) for the remaining 75 percent. CoCos, which qualify as Common Equity Tier 1 (CET1) capital pari passu... reflects the slow response from the European Union, it also highlights Greece’s inability so far to set up
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New Democracy bewildered by ballot failure as Tsipras solicits consensus
PoliticsGreek PoliticsNew Democracy’s electoral committee is due to meet at 1 p.m. on Monday to decide what action to take next after the party failed to hold its leadership election on Sunday due to software problems... majority trimmed by two during last week’s vote on another set of bailout-related measures, it has
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Multi-bill tabled in Parliament, paves way for sale of NPLs
EconomyProgrammeThe government tabled in Parliament on Saturday evening the multi-bill containing the prior actions demanded by the institutions for the disbursement of the next sub-tranche of 1 billion euros..., the relevant cost ceiling is set at 570 million euros for 2016 and will be lowered by 20 million per annum
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Deflated SYRIZA shuns broader political cooperation for now
PoliticsGreek Politicsinstalment of 1 billion euros. Given that the talks had concluded and sensitive issues such as pension... resuming on Sunday, due to a lack of appetite for discussion. Members adopted on Sunday a set
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