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Alpha Bank reports net profits of 20 mln in Q4, leading full-year earnings to 42 mln
EconomyBankingresulted from re-defaults. During the conference call, the management noted that following... 1.8 percent QoQ to 490.1 million in Q4 as the lower wholesale funding cost more than offset weaker.... Balance Sheet Eurosystem funding was reduced by 2.5 billion euros QoQ to 18.3 billion mainly
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Eurobank records 40 mln net profits in Q2 and third quarter of negative NPE formation
EconomyBankinga negative NPL formation of -45 million for the first time since Q3 2016. During the conference call... funding cost. The management expects NII to remain stable for the whole year, on the back of loan... Sheet Eurosystem funding declined by 1.9 billion euros QoQ to 13.8 billion in June and by another
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What the ECB did next - a tale from another crisis
Agora, but still hugely problematic, economic contraction, and it was Draghi’s call. A key question is whether the ECB could have addressed Greece’s funding needs outside the Troika support mechanism? Theoretically... shutting down funding avenues for the Greek government by first dis-allowing state bonds from being
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Troika and Greece in stalemate over budget targets, prior actions as time ticks away
EconomyProgrammein the draft budget. Officials from the General Accounting Office held a conference call with the troika... at the beginning of next year, Greek banks may not have access to ECB funding but resort only to Emergency Liquidity Assistance (ELA). Greek banks have eliminated the more expensive ELA funding since last May
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Bailout talks, SYRIZA bickering continue - no definite end date for either
PoliticsGreek Politicsthe central committee's decision last week to back Prime Minister Alexis Tsipras in his call for the internal... 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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Lenders provide words of support and warning regarding debt talks
PoliticsGreek PoliticsMinister Euclid Tsakalotos repeated his call for the eurozone and the International Monetary Fund... 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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Newsletter 128 - 21/07/2017
repeated its call for Greece’s primary surplus target to be reduced to 1.5 percent of GDP as soon... before the IMF approved its participation in the Greek programme with 1.6 billion euros of funding... population. Industrial turnover up 19 pct in May ELA funding ceiling falls by further 1.1 billion to 40.5
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Personal responsibility and public healthcare: Greece on a wing and a prayer
Agorathe need to call on his faith but that “the faith needed now is that we will be able to overcome the crisis... under-funding of the health system, with public health expenditure at approximately 5.2 percent of GDP compared to an EU average of 7.5 percent. Funding of public hospitals fell by more than half between
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Govt and opposition stake out positions on pandemic impact measures
PoliticsGreek Politics. “Businesses can’t, the government won't, workers are struggling”, he claimed, in a call for bolder... the funding tools made available by the government to assume part of the risk for a recovery. The prime... starts returning to normality. Funding SYRIZA has taken some time to come up with detailed proposals
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Famellos presents struggling SYRIZA’s case, pleads for unity among progressives
PoliticsGreek Politicspitch is cast as a call for a “new social contract.” He urged Greeks to reject “bad laws” and endorse... health funding to EU averages; 15,000 new permanent posts in the national health system; doubled university funding to 5 pct of GDP, abolition of private universities and expansion of teaching staff
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