Agora
Posts in Greece
On the beaches
The quality of the water at 94 percent of Greek beaches was deemed excellent by the Foundation for Environmental Education (FEE), which awarded 408 Blue Flags to Greece this week, the second highest of the 48 countries the organization surveys. The high rating is testament to the care given local authorities, bathers, tourists, volunteers and Mother Nature.
Contributor: Nick Malkoutzis
Categories: Society (142), Greece (498)
Eurobank: From nationalisation to re-privatisation
Few people noticed in July 2012 that a press release published by Eurobank concerning the intention of its major shareholder, EFG Group which was fully controlled by the Latsis family, would signal radical developments for the bank in the near future.
Contributor: Manos Giakoumis
Categories: Economy (331), Greece (498)
21,717,120,000
21,717,120,000 – This, as we have just discovered, is the total amount of money that has left German coffers since the Greek crisis started in 2010. It corresponds to Germany’s portion of the European Stability Mechanism’s (ESM) paid in capital, which was announced on May 1 as the fund reached its full capital amount following the transfer of five installments since the end of 2012.
Contributor: Yiannis Mouzakis
Categories: Europe (282), Economy (331), Greece (498)
Greece's primary surplus: Much ado about nothing?
There has been some confusion about Greece's fiscal statistics this week after the size of the country's primary surplus was confirmed. This is an attempt to clear up some of the misunderstanding.
Contributor: Manos Giakoumis
Categories: Europe (282), Economy (331), Greece (498)
Are investors getting a bargain with Eurobank?
The Hellenic Financial Stability Fund (HFSF) said on April 15 it approved the 1.33-billion-euro offer submitted by a consortium of investors for Eurobank’s capital increase. The approval signals the completion of the first (cornerstone investor) phase covering 46.5 percent of the announced equity raising of 2.86 billion euros.
Contributor: Manos Giakoumis
Categories: Economy (331), Greece (498)