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Greece fell two places to 60th in Doing Business ranking, World Bank says
Economyslipped 1 place to 132nd. In registering property it remained unchanged in 144th spot. Getting Credit (79th) is the area where Greece’s position has fallen the most. It declined 8 spots from last year’s
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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 “pari passu” to common shares. They bear an annual coupon of 8 percent for the first 7-year period after
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NBG strengthens capital at deep discount, falls short of initial target
Agora, with an annual coupon of 8 percent (interest expense of 162 million) and 677 million euros in common shares. NBG...) and Eurobank (52.4 percent) announced earlier this week. The bank will also proceed with a reverse split (1
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BoG report highlights need for programme implementation, political consensus
Economyinvolve: 1) Addressing the issue of NPLs that would ease the burden on cooperative borrowers and enable... Greece’s investment to GDP ratio and the euro area average 8) Maximising the value of state real estate
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NBG boosts capital base by selling total stake in Finansbank
EconomyBankingis estimated to boost NBG’s Common Equity Tier 1 (CET1) ratio by around 600 basis points (bps). This solely... to the relevant approval by the Single Supervisory Mechanism (SSM). CoCos bear an annual coupon of 8 percent
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Is Regling right to be concerned about Greek liquidity?
Agorais under 8 percent of GDP. However as we stressed a few days ago, Greece’s dependency on programme... surplus of just over 1 billion euros during the first quarter of 2016. Unless Prime Minister Alexis
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Newsletter 63 - 19/02/2016
(May 1). Regarding pension reform, signs of a potential compromise on the domestic front emerged..., with private investors injecting 8 billion in banks’ share capital and state aid reaching 5.4 billion
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Programme review talks continue, progress on tax, pensions and NPLs at a premium
EconomyProgrammerelates to the solidarity levy rates, which currently range between 1.4 percent and 8 percent, starting... euros (4.3 percent of GDP) from the following interventions: 1) Increase in the solidarity levy rates
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Underspend and improving revenues lead to budget primary surplus of 2.67 bln in Q1
EconomyMacroeconomyunderspend is mostly attributed to: 1) Grants to hospitals (at 238 million, corresponding to 14.6 percent... million, at just 8 percent of the full year target of 1.57 billion) 4) Transfers to other entities
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Asking Greece to stack more austerity measures ignores past failings
Agoranegotiations was that the goal for the primary surplus in 2018 was lowered by 1 point to 3.5 percent... - stuck in talks to close a fiscal gap between now and 2018 that ranges from as high as over 8
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