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Greek banks push for return to normality
EconomyBankingwas based on the expectation of an improvement in the funding and asset risk of the banks over the next... of Emergency Liquidity Assistance (ELA). As of July, BoG noted that Greek banks’ Eurosystem funding declined by 3.29 billion month-on-month. July’s reduction brought the total for central bank funding to 13.02
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Greek leaders' contrasting visions all a blur
AgoraMinistry claimed that a shortfall of 25 billion euros would be created as workers would stop funding... to the amount of state funding municipalities currently receive. Under his scheme, the local... they lacked, while fending off the advances of the few. Mitsotakis pledges The vision presented
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Exclusion from QE confirmed, only ECB's reinvestment programme left
EconomyProgrammeprobably being the country that needed it the most. The ECB’s QE programme is already winding down... the lowest dependency on Eurosystem funding since the crisis started in 2010. The June figures stand at just 16.3 billion euros: ECB funding is 9 billion and ELA from the Bank of Greece at 7.3 billion
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Tsipras and Mitsotakis gear up for economy pledges, with eyes on fiscal targets
PoliticsGreek PoliticsAs Alexis Tsipras finalises his speech for the Thessaloniki Expo (DETH) on Saturday, his government is fending off accusations that the prime minister is preparing to make pre-election handouts and insists that any pledges made will be within the fiscal targets Greece has agreed with its lenders
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Opposition front against new President Tasoulas not sufficient to unite left
PoliticsGreek Politicsfor SYRIZA, Giorgos Karameros said the PM was too preoccupied with fending off opposition attacks over
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EC report analyses state of play with privatisations as HELPE hits obstacle
EconomyFeaturesday that the EC released its document, it emerged that no binding offers had been received... with Algeria’s Sonatrach after they were shortlisted for the tender. However, in the event, no binding bids... in the international environment that affect the consortia, there were no binding offers submitted
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Budget sees Greece outdoing peers with 1.8 pct growth, 0.7 pct primary surplus in 2023
EconomyMacroeconomy. Spending is contained by almost 2 billion euros, primarily due to winding down most of the pandemic... under 39 years old and 300 million for renovations of properties for young couples. The funding
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Parties at odds over private universities as ND faces nepotism accusations
PoliticsGreek Politicsalready stated that he is against introducing private universities, but open to private funding... opposition parties claimed were a waste of public funds. PASOK warned that winding up the company
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The targets and deadlines in Greece's privatisation programme
EconomyProgrammewill be updated on a semi-annual basis. b) Announce binding bid dates for Piraeus (OLP) and Thessaloniki (OLTH... and share purchase agreements by October, while binding offers are expected in November and parliament... in the second phase with eight investors preselected. The indicative timeline suggests binding bids
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How Greek banks moved into a new era
Agorawas estimated at 5.8 billion under the binding baseline scenario and at 8.8 billion under..., allowing it to potentially be used to reduce public debt or cover the government’s funding needs. Diversifying funding sources The second important development this year was the issue of senior
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