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Greece deal leaves many questions
Agorashortly thereafter. *Megan Greene is the chief economist at Manulife and John Hancock Asset Management. You can follow her on Twitter: @economistmeg Megan Greene
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BoG awaits go-ahead from DG Comp over NPL scheme
EconomyBankingwill be covered by the SPVs issuing three classes of securitisation - senior, mezzanine and junior/equity... Celidoria SARL for the sale of 95 percent of mezzanine and junior notes in a portfolio of non... along with the remaining 5 percent of the mezzanine and junior notes. In addition, the bank announced
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Greek pensions laid bare
Agorapensions amounts to 884 euros. Note, though, that for around 45 percent of pensioners their monthly... and they receive on average monthly pensions of 771 euros. This is below the overall average of 884 euros since
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Athens expands survey area off Crete, signs MoU with Egypt
PoliticsForeign PolicyExclusive Economic Zone. In 2019, before signing its memorandum with Turkey, Libya reacted against...). This was calculated by moving its median line northwards. After the signing of the Turkey-Libya memorandum in 2019, new data was generated and Libya could argue that the entire area south of Crete
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Eurobank’s NPL sales take major step with two transactions
EconomyBankingSARL for the sale of 95 percent of mezzanine and junior notes in a portfolio of non-performing... of the mezzanine and junior notes. The implied valuation of the portfolio based on the nominal value of the senior notes and the sale price of the mezzanine notes corresponds to around 58 percent
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Banks end year with continued bad loan sales
EconomyBankingof the mezzanine notes of the Phoenix securitisation, with a total gross book value of 1.92 billion euros... on the nominal value of the senior notes and the sale price of the mezzanine notes corresponds to 50 percent... percent of the mezzanine notes to its shareholders and retain five percent of the instruments
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Piraeus completes Sunrise II securitisation as banks stay focused on NPE reduction
EconomyBankingand Serengeti Asset Management for the sale of 49 pct of the mezzanine and 2 pct of the junior notes... of the transaction comes to 47.4 pct of the portfolio book value. Piraeus Bank will hold 5 pct of the mezzanine... of 5.2 billion euros nominal value. It involves the sale of a part of the mezzanine and junior notes
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Spain’s economic recovery languishes amid graft scandals
Agorawithdrawal and the resignation of Justice Minister Alberto Ruiz-Gallardón, the driving force behind
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Athens sticks by effort to build bridges with FYROM
PoliticsForeign Policy(Monastiri). Greece also values the fact that 3 million people from FYROM visited Greece
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Athens pleased with Washington talks despite lack of definitive US position on Turkey
PoliticsForeign Policyactions in the East Med and Libya. The Greek government has many times since Tuesday tried to play down... replied: “when you're talking about Libya, we're discussing with President Erdogan, we're discussing... talked about that subject specifically — Libya and what's going on. We'll be talking to Russia
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