Agora
Posts in Europe
How Greek banks can balance on the collateral tightrope
The ongoing and troubled negotiations between Greece and its lenders, as well as the weekly meetings of the European Central Bank’s governing council mean that there is growing concern about the extent to which Greek banks will continue to be able to draw emergency liquidity to cover the outflow of deposits.
Contributor: Manos Giakoumis
Categories: Europe (282), Economy (331), Greece (498)
Greek DSA: Don't Say Anything about the debt
The decision by the International Monetary Fund’s Poul Thomsen to raise the issue of Greece’s debt sustainability at the recent Eurogroup in Riga, as reported in the Financial Times, felt like the moment that the adults returned to the room.
Contributor: Yiannis Mouzakis
Categories: Europe (282), Politics (387), Economy (331), Greece (498)
Greece and its lenders: Where do you start?
Since it was first recorded in 1944 by American public administrator David Lilienthal, the following anecdote has been told many times and in many ways: A traveller asks a local man for directions and, after much thought, the latter turns to the visitor and says: “My friend, I tell you; if I were you, I wouldn’t start from here.” As Greece and the eurozone remain some distance apart on how to conclude their bailout negotiations, it seems a good time to return to this tale.
Contributor: Nick Malkoutzis
Categories: Europe (282), Politics (387), Economy (331), Greece (498)
Why Greece is asking for 1.2 bln back from the EFSF
Following the Eurogroup decision on February 20, Greece returned 10.9 billion (European Financial Stability Fund) EFSF bonds at the end of the previous month. That transaction reduced accordingly the country’s debt and the debt to GDP ratio by more than 6 percentage points.
Contributor: Manos Giakoumis
Categories: Europe (282), Economy (331), Greece (498)
What will be on the agenda for talks between Merkel and Tsipras?
This Monday, the Greek Prime Minister Alexis Tsipras will fly to Berlin to meet the German Chancellor Angela Merkel. Some observers have characterised this face-to-face meeting as Tsipras taking the risk of walking straight into the lion’s den.
Contributor: Jens Bastian
Categories: Europe (282), Politics (387), Greece (498)