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EU deal appears promising for Greece, but success rides on efficient use of funds
PoliticsGreek Politicsand how the funds would be distributed. He acknowledged that the price to pay for an agreement was a reduction in funding for some EU programmes, such as the Horizon Europe scheme for research... is in the proposal and what projects Greece might propose for funding. All national plans will have to focus
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Fear and loathing in Athens: an ex-minister's take on troika reviews
PoliticsGreek Politicsthis fiscal balance the country can pay off its creditors, nothing else,” he said. “They don’t have... or implement measures at the last minute to obtain its lenders’ approval and further funding. Now, ex... of further bailout funding. “That’s when I understood that the troika had taken a tougher line
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Greek bank capital increases: A breakdown of what has been achieved
Economyutilized its capital proceeds to pay back the preference shares worth 940 million that were granted... of Greece’s debt and 2014 funding gap by 1.69 billion. This could be further increased by the repayment... the country’s debt or cover its future funding needs.
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Eurobank records net loss of 207.4 mln in Q1
EconomyBankingis loss-making, implying it is not obliged to pay (to the state) the annual coupon of 12 percent... outflows, the bank’s reliance on Eurosystem funding narrowed by 0.7 billion within Q1 and by a further 3.8 billion since then to 12.5 billion in May from 17 billion at the end of 2013. ELA funding, which
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Newsletter 7 - 12/12/2014
will not pay off. However, there is enough doubt about the outcome of the three rounds of voting to preclude... from the HFSF’s coverage of the funding gap of 12 banks (net value of assets minus liabilities... funding gap stems from two banks, namely ATEbank (7.5 billion) and Hellenic Postbank (3.7 billion
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Newsletter 14 - 06/02/2015
the temporary arrangement is in place. The broader agreement, to be clinched before Greece has to pay... to 10 billion euros of T-Bills to cover Greece’s short-term funding needs, carrying... the new Greek government might be willing to offer in return for securing the funding it needs over
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Creditors devise proposal in Berlin, Tsipras prepares ground in Athens
PoliticsGreek Politicsof the funds needed to pay 1.6 billion euros to the International Monetary Fund this month. While talks... the process and pave the way for the release of 7.2 billion euros in bailout funding. As we had... and funding, which are particularly sensitive topics for the ECB and the eurozone. Once the deal
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Greek banks' liquidity position at the centre of attention
Economythe around 1,000 bank branches that opened as of Wednesday to pay only pensions, reached 80 million..., Constancio noted that the ECB could loosen funding to Greek banks in case a ‘Yes’ vote. In contrast... this funding buffer. Under any other development in the aftermath of Sunday’s referendum, it would
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Bailout talks, SYRIZA bickering continue - no definite end date for either
PoliticsGreek Politicsbridge loan following July's 7.2-billion-euro package to pay the ECB-held bond, pending an agreement... Athens to receive the funding it needs to cover the 3.2-billion-euro bond held by the European Central... is being asked to pass a number of "prior actions" before it can receive any more funding
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Greece stands on fault line between vicious and virtuous cycles for 2016
AgoraTsipras himself, that Greece would pay pensions and salaries rather than the IMF if it was forced... government with little choice but to start scraping the bottom of the funding barrel very early... surplus leads to a net financing need of 3 billion. The most probable source of funding while
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