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Greek banks' equity raising could keep official support to a minimum
Economythan debt investors via the debt to equity swap. This means that subject to demand for the share... that Piraeus would issue CoCos of more than 2 billion with an annual cost of around 160 million..., and hybrid securities is activated. CoCos, which qualify as Common Equity Tier 1 (CET1) capital “pari passu
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Newsletter 202 -12/04/2019
10-billion-euro debt to the International Monetary Fund earlier than scheduled. Following the conclusion... distance of the lowest yields Greece has seen since it joined the euro in 2001 but is still at more than... the agreement of all creditors due to the pari passu clause. “Also from the ESM perspective, it would make
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Tsipras hints at post-election scenario of grand coalition, without him as PM
PoliticsGreek PoliticsDemocracy, Potami and PASOK but with someone other than Tsipras being appointed prime minister... the new coalition, rather than about any party scoring an outright victory.
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Athens ties up prior actions, IMF hints at programme role
PoliticsGreek Politicsthat the government can pay off more arrears than was initially planned. On Friday, Tsakalotos warned MPs that some of the lenders would prefer the discussion on Thursday to focus on the prior actions rather than
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Govt hints at more relief measures as opposition lambasts electricity bill fixes
PoliticsGreek Politics. The better-than-expected fiscal performance combined with a de-escalation in energy prices look... it offers citizens are weaker than the legislation New Democracy undid soon after coming to office
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Budget exudes fiscal stability, but hints at political complications
EconomyMacroeconomyin the case of Greece to more than 209 pct of GDP in 2020, and the primary balance was pushed to -6.6... pct of GDP, a significant drop of the ratio by more than 60 points since the 2020 high. Greece
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National Bank reveals capital plan, which includes sale of whole Finansbank stake
EconomyBankingbillion euros after a stock rally of more than 115 percent year to date. The management clarified... as Common Equity Tier 1 (CET1) capital (“pari passu” with common shares) but they are an expensive
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Strong performance of 15-year bond bodes well for market strategy
Economyis lower than the Fund’s 1.9 pct variable, so the ESM approves it by agreeing to the waiver of the pari passu clause. Greece’s debt managers seem to be securing attractive borrowing costs through
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Government hints at perks for vaccinated as uptake stalls
PoliticsGreek Politicsbe going better”, and attributed the stalling response rate to hesitancy rather than outright anti-vax
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Athens pleased about new EU-Egypt deal, seeks closer ties with Cairo
PoliticsForeign Policywith flows to the Italian and Greek (from Libya to Crete) coasts. Europe is offering a "strategic... urgently needs Egypt to control migration flows from its borders with Libya and, secondly, to improve its... not control the border with Libya, from where Sudanese refugees and Egyptian migrants cross
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