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Samaras future unclear as New Democracy enters period of introspection
PoliticsGreek Politicselections in May last year. It is unlikely, though, that New Democracy members will find this argument... making any sudden moves, suggesting that the current government may soon a brick wall, which could... aside at a party congress in May and New Democracy officials may feel this strengthens their argument
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The state of play with Greek banks' liquidity
Economyin January and may have reached 10-12 billion euros. If confirmed, this would mark the highest monthly outflows since Greece accession in the eurozone in 2002. The previous peak was in May 2012 when outflows.... Taking into account that pillar II bonds are eligible for ELA funding and Greek banks may also use
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This is the deal Greece will go in search of at Wednesday's sceptical Eurogroup
PoliticsGreek Politicsat the extra Eurogroup meeting on Wednesday, February 11. The uncertainty may have been caused by Eurogroup... a broader agreement with its lenders, possibly including debt relief, by the end of May. The main... unilateral action (this may also include Greece freezing any attempts to roll back bailout measures
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Everybody be cool
Agorais heading for a showdown with the eurozone and may be counting its last weeks in the single currency... government members may have caused a clash with the idiosyncrasy, mentality or political orientation of certain Northern European colleagues. Rhetoric or certain symbolic moves were not fully understood or may
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Newsletter 15 - 13/02/2015
. While it may be fairly simple to name the agreement in another way, finding another monitoring... for Greek banks peaked to 124 billion in May 2012. It is estimated that the bulk of this collateral...,” Iglesias told the crowd in rudimentary Greek. While that may have stirred the crowd’s passion
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Greece: The moment of truth is inexorably approaching
Agoraelections were won by a broad nationalist-populist coalition and not by a mere leftist party. While it may... controls as the country may experience significant capital flight; and c) it would have... entail significant risks for SYRIZA as the gravity of the situation may boost New Democracy (as it did
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Newsletter 23 - 17/04/2015
Deal speculation moves to May Tsipras will find it tough to overcome key differences May 11... by May 11, let alone the end of this month, do not look particularly strong at this stage. Loan... to the IMF) to pay in May and it seems unlikely that it can do this without receiving at least some
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Lack of liquidity, political cost push Greek gov't to seek swift deal with lenders
PoliticsGreek Politicsto the process, even earlier than the next scheduled Eurogroup on May 11. Liquidity shortage This may... members, may have concentrated minds in the Greek government. The practical problems being caused... of those polled said they disagreed with the coalition’s approach. The concern that it may run out
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What higher ECB haircuts on collateral could mean for Greek banks' liquidity
Economyconference, ECB President Mario Draghi emphasised that the governing council may have to review... they may further issue an additional amount of 40 billion up to the current legal cap of 85 billion. Banking sources indicate that ELA-eligible loans of 40 billion may also be used in the future for ELA
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Greece eyes temporary solution to liquidity problem from Brussels Group talks
PoliticsGreek Politicsrescheduled for May 6. However, it is clear that despite its efforts to collect the cash reserves from... needed to cover the next IMF payment of close to 750 million euros on May 12, a day after the next... that the country may even slip into recession again. This means that each side’s projections
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