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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... of 7 percent increasing by 0.5 percentage points per annum up to 9.5 percent on the fifth year. Note
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Greece faces tight deadline for second set of milestones, first review looms
EconomyProgrammeThe Greek government has until December 11 to complete the implementation of the second set of milestones so it can receive the next sub-tranche of 1 billion euros, an EU official told Kathimerini... on the 2016 Budget on Saturday, while a Eurogroup is scheduled to take place on December 7. The Eurogroup
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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... to implement the necessary structural reforms. 7) Increasing investment also to bridge the gap between
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Marked rise in expenditure leads to a budget primary deficit in Nov
Economyfar this year, and stands almost 1 billion above the monthly target. As a result, the year to date rate of drop slowed to 3.1 percent in the 11-month period from 7 percent until October. The absolute
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Travel receipts rise 16 pct in Nov as surplus soars 84.3 pct
EconomyMacroeconomythe corresponding payments eased 0.8 percent to 1.86 billion. Overall, travel surplus grew by 7 percent... at 14.5 billion euros in 2015, up by 1 billion over 2014 figure.
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Current account deficit falls to 780 mln in Dec and 7.5 mln in 2015
EconomyMacroeconomyliabilities rose by 1 billion largely due to non-residents’ investment in Greek shares, mainly the recent recapitalisation of banks. Overall, residents’ external assets rose by 7 billion euros in 2015 primarily
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Brewing dispute with media adds to Tsipras's headaches
PoliticsGreek Politicsto return to Greece after the March 7 Eurogroup. His comments came despite the news that Monday’s Eurogroup... Western Easter, celebrated on March 27 or the Eastern Orthodox Easter, marked on May 1. On the refugee
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Trade deficit drops 5.1 pct in January, exports down 8.1 pct
EconomyMacroeconomydecline in January reflects a drop in exports and imports by 8.3 and 7 percent respectively. For exports... deficit rose by 2.7 percent in January with the respective exports and imports down by 3.9 and 1
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Encouraging signs for Greek banks in Q1 results but NPL management looms large
Agorapool has been trimmed by 7 billion euros QoQ to 110.6 billion, while their liquidity buffer has been... with the phased-in and the fully-loaded Common Equity Tier 1 ratio above the 17-percent
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Commission sees lower Greek financing needs, provides timetable for course of programme
EconomyProgrammedisbursed last August, 2 billion in November and another 1 billion in December. In addition, another... of 31.5 billion, clear arrears up to 7 billion and building state deposits by 5 billion at the end
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