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What is the state of play with Greek banks?
Economynow dominate 95 percent of the domestic market. The bank recap successfully carried out in June put..., other cost cutting initiatives, lower funding cost and disposal of non-core assets will also be taken into account. Lower funding cost is the key top-line positive element stemming from the sharp
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Fear and loathing in Athens: an ex-minister's take on troika reviews
PoliticsGreek Politicswith the troika to provide experience and continuation since the first bailout was put together... 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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Newsletter 7 - 12/12/2014
. The markets, whose opinion Samaras had put stock in several months earlier, immediately voiced... 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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Another euro stitch unpicked
Agorais no stranger to being put in a tight spot by the ECB. In April 2011, the central bank’s..., the decision to pull funding has to be a political one, so even in the extreme case where... deal with the eurozone, the government had also been hoping that it could cover its funding gap
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Have inflation "repay" Greek debt and growth reduce indebtedness
Agorato Greece’s budget would be very limited. Put differently, such a haircut would be the least attractive... of this measure would be equal to the cost of funding the 80 BEUR when those 80 billion don’t generate a return. Assuming that Germany can currently fund itself at 1 percent, the annual funding cost would
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Lenders provide words of support and warning regarding debt talks
PoliticsGreek Politics. “This is the only way for Greece to return to the market and to put its economy on a sustainable... the debt issue now so that the IMF could join the Greek programme with funding. These views were... funding but does not settle the debt issue in a way that will satisfy the ECB so it can approve QE
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Athens relieved as ECB and IMF seem to reach understanding on Greek banks
EconomyBankingraised in Athens, as it put the government’s hopes of a complication-free conclusion to the third... funding should be made available for the Greek lenders to allow them to deal with the issue of non... and continued reduction in reliance on ELA funding. His comments reflect the concerns in the Greek banking
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Athens unmoved as relations with Russia become chillier
PoliticsForeign Policycontinues to put off a final decision on the Turkish Stream then Moscow will probably decide to re-draw... viewed Russia as a potential alternative source of funding in the event that the coalition was unable... and others as Athens saw fit. In the end, no funding from Russia was forthcoming and Tsipras decided
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Further measures to protect and strengthen financial stability foreseen in sMoU
EconomyProgrammeto address the identified shortcomings. It will also have to put in a place a mechanism... in the banking system and to a sustainable funding model for banks in the medium term. Via the Bank of Greece... of recapitalisation and funding for this purpose of smaller, less systemic banks. Bad loans The sMoU is very
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How 'clean' can an exit be? Athens snared between Rome and Berlin
Agorarealistic is such rhetoric, put forward as much for domestic political consumption as it is meant... without a PCL. But what happens when funding costs for sovereign debt increase and spreads continue... will take notice if domestic funding challenges arise from external risks that may require recourse
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