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Fitch upgrades Greek rating to B-, sees debt sustainability improving
EconomyFitch on Friday became the latest agency to upgrade Greece’s long-term credit rating, raising... creating instability and that the eurozone will grant substantial debt relief to Greece in 2018. June’s... at the June 15 Eurogroup, and the fact that debt relief measures have been linked to Greece’s future growth
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Banks focus on defining challenge of reducing NPEs
EconomyBankingcomes to 3.7 billion euros, and a total outstanding principal amount is 2 billion euros, as of June 30... that the lenders’ low credit ratings is due to capital controls. Sources say that there may be two rounds of relaxation between now and August – one before the June 21 Eurogroup and one afterwards
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About last night
Agoraand June 2017. EFSF loan extensions Expectations were low initially as the news from Germany... the precautionary credit line. The IMF’s estimates for Greek growth are much more conservative than... a year after staring into the abyss in June 2015, there was an agreement for short-term debt relief
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Draghi sets out QE obstacles facing Greece
EconomyProgrammeYannis Stournaras had encouraged the government to opt for a precautionary credit line, which would... by the Eurogroup [on June 21],” he said. “Then we have to wait for the decisions of the EFSF board. Only... not since the June 21 Eurogroup agreement on debt relief measures. Revenues The coalition is instead
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PDMA readies bond schedule for 2019, with eye on prepayment of IMF loans
Economyis scheduled for June 2024. Greece started repaying the EFF in 2016. Total obligations to the IMF next... to coincide with Greece’s programme exit. It was agreed at the June Eurogroup that the Greek authorities... emerging markets started having an impact on Greece. Another consideration is Greece’s credit rating, which
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European Commission approves 2019 budget, urges focus to meet end of year reform goals
EconomyProgrammein last June’s Eurogroup the Greek authorities made commitments to continue the implementation of all key... that although credit ratings have improved, the market conditions remain volatile, which highlights... unchanged since last June. The medium-term debt measures assure debt sustainability under
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Greek banks maintain focus on key areas as elections approach
EconomyBankingeuros earlier in June and attracted bids of over 850 million euros, with a total of 135 investors... of consumer loans, credit cards, micro-businesses and worth 1.2 billion euros. Non-binding offers have... is expected in the third quarter of 2019. Apart from their Tier II issue, at the start of June, Piraeus
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Economic relief eyed as Greece launches fourth round of lockdown easing
PoliticsGreek Politicsis also set to re-open primary and nursery schools from June 1, although there will be restrictions... June 1, with the state subsidising 60 pct of the income loss from the reduction of working hours via... Mechanism for the 3.8 billion euros available via a credit line because of the concerns about the strings
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Concerns about RRF growing as deadlines loom
PoliticsGreek Politicsor substantial risk of failing the June deadline. This is related to projects managed by the Environment... properties. Furthermore, the government had planned to launch by June a tender for fibre-optic... on the business plans put forward, assessing their credit risk and to what extent they are in line
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Newsletter 349 - 02/09/2022
. Support for New Democracy is seen falling to 27.6 pct from 28.9 pct in June, although... from the energy markets might lead to revisions of credit ratings. Also, speaking to Greek media... to a fall in workforce. Retail sales The pace of retail sales growth picked up in June with a rise
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