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Newsletter 409 - 26/01/2024
. This is due to the winding down of the Next Generation EU funding that plays a pivotal role
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Government talks up privatisation benefits, but opposition questions success story
PoliticsGreek Politics. The government was also questioned over the timing of its winding up of the Covid-era rescue scheme for Aegean
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Government feels the heat over investigation on anniversary of Tempe rail crash
PoliticsGreek Politicsof the victims. The anniversary coincides with the winding up of the evidence phase
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Piraeus eyes major NPE deal as banks remain focused on bad loans
EconomyMacroeconomybased on the Italian model of an Asset Protection Scheme (APS). The BoG is proposing that banks... the two contenders, submitted non-binding bids which are being evaluated by Piraeus Bank. The preferred... to be dealt with in tranches by the winning bidder, while at the same time manifesting positively
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BoG and HFSF schemes under scrutiny as banks look for a way forward on bad loans
EconomyBankingof the banks. BoG’s deferred tax model was viewed favourably by both Alpha Bank and Piraeus in particular... strong interest. The portfolio contains around 2 billion euros-worth of housing loans. Non-binding... by the winning bidder, while at the same time manifesting positively on the bank’s bottom line. BoG plan
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Govt mulls Easter bonus as cost-of-living crisis causes public concern
PoliticsGreek Politicsincome, following the model applied for the Christmas benefit. Polls have been showing that cost... divergent challenges for Kyriakos Mitsotakis’s government, which is finding it increasingly difficult..., which is widely credited with winning Mitsotakis the party leadership and the national elections
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Stress mounts ahead of ECB's tests on Greek banks
Economyor dynamic model that would be followed by the ECB for Greek banks’ stress tests. According to the EBA’s... at the baseline, which was the binding scenario for capital shortfalls, and 9.4 billion under the adverse... reservations regarding the BoG stress test outcome. The first relates to the binding scenario with IMF noting
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Fears and reassurances over PPC's dire finances
EconomyFeaturesbusiness model appears clunky and outdated, especially when it comes to pouring investments into fossil... produced from this form of coal. The first round attracted no binding bids in February, possibly... impact of dirty energy is more apparent than ever. A second tender is underway and binding offers
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Move to legislate on climate change offers opening to bolster environmental laws
PoliticsGreek Politicsthat a move to a different economic model was “a matter of survival”. New Democracy is clearly keen... of binding legislation such as that already adopted by twelve other member states. Mitsotakis stressed... binding emissions targets for the country as a whole and for the public sector, as well
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Newsletter 94 - 04/11/2016
flexible labour model with security, which includes a deregulated institutional framework of employment... in Greece, the prospect of finding 400 million euros or more to cut from the budget is a politically... an extended period of pain that leaves negligible room for manoeuvre. Finding a way to overcome
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