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All eyes on Piraeus as share price tumbles amid coupon payment concerns
EconomyBankingthe crisis, HFSF holds roughly 40 pct of the share capital in National Bank of Greece, 26.4 pct... led by John Paulson, repeated their proposal of a share capital increase of 800 million euros, before... capital increase would exclude the state and the holding of HFSF would be significantly diluted
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GDP rises by 4.4 pct QoQ in Q1 and falls 2.3 pct YoY
EconomyMacroeconomywas largely driven by a 19.1 percent increase in gross capital formation, and a 4 percent increase... capital formation -- or capital investment -- growing a more modest, though still impressive 3... percent), while gross capital formation dropped 19 percent. Gross fixed capital formation increased
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BoG cautiously optimistic on economy and banking sector
Economyremains one of the strongest pillars of Greece’s recovery. Profitability, liquidity, and capital.... Capital ratios also remained solid: the Common Equity Tier 1 stood at 15.8 pct and total capital at 20.4.... To bolster resilience, it raised the countercyclical capital buffer by 0.25 percentage points. BoG’s
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Debt relief or debt restructuring for Greece?
Agoraafford to wait that long. Nor can a eurozone member state be excluded from international capital... result was the implosion of the banking sector and the first-time introduction of capital controls...-offs that banks incurred. Post PSI they had negative capital on their balance sheets. In stark contrast
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On Portugal, PSI and a national salvation pact
AgoraFounded in October 2011, Tortus Capital pursues an opportunistic investment strategy across the capital structure, focusing on sovereign credit, corporate credit, equities, and special situations... returned to capital markets with a bond syndicated tap to create a specific website http
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Alpha Bank posts loss of 94.1 mln in Q1
EconomyBankingand large business sector. The bank noted that the shift of Greek large companies to the debt capital... securitisation of shipping loans, issue of covered bonds and tapping capital markets. The bank’s pro-forma (for the capital increase of 1.2 billion completed in April) Basel III Core Tier 1 (CET1) ratio
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HFSF 2013 annual report unveils accumulated losses of 15.1 bln and potential recovery value of 34.4 bln
EconomyBankingpaid-up capital of 49.7 billion. The difference of the two figures primarily stems from...: a) an increase in capital by 7.2 billion, from the last tranche of EFSF notes HFSF received at the end... by the four systemic banks in December 2012 for their capital advance. On the cost front, personnel
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UnLuCky for some: Another painful lesson from the euro crisis
Agoralevel and that capital flows would lead to a convergence of income levels within the euro area. Current... this sales pitch: When the crisis stuck and there was a classic case of a sudden stop of capital flows... for exporters, who in the absence of a functioning banking system to finance working capital were starved
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Finance Ministry challenges SYRIZA's plans for economy, ups cost
Economy’ capital. Taking into account that the state’s average stake in the four recapitalized banks stands...), reallocation of the Hellenic Financial Stability Fund (HFSF) capital buffer (3 billion... result in a rapid capital and deposit flight abroad with a consequent negative impact on confidence
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Does Greece need a third programme?
Agorabond markets in April after a three-year forced hiatus. Being able to regain access to such capital... such as the European Stability Mechanism think about Athens’ determination to spend considerable political capital... political economy it is necessary to broaden the focus of current deliberations in various capital
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