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Stournaras Wants Debt Relief for Greece to Bring Market Access in 2018
Greece needs debt relief because it will not regain access to markets in 2018 unless its public debt is considered sustainable, Bank of Greece...
Greece's Turn? Former Greek PM Papademos Says Debt Relief Is Just Part of Solution
Former Greek provisional prime minister and economist Lucas Papademos spoke at the conference of the Fletcher School, titled "Greece's Turn? Litmus Test for Europe."...
Central Banker Stournaras Blames Crisis on Greek Budget Policy and Implicates Varoufakis
Bank of Greece Governor Yannis Stournaras said on Tuesday that Greece must wait for a second review of economic progress before tapping into financial...
Bad Loans Legislation After 'Complex' Consultations Between Institutions and Greek Authorities
Greece's legislation on bad loans is a result of "complex" consultations between the institutions and the Greek Authorities, European Commission spokesman Margaritis Schinas said...
Juncker Exposes the Greek Government's Initiative to Sell Off 'Red Loans'
European Commission President Jean-Claude Juncker said that it was Greece's decision to sell the non-performing loans (NPLs) to foreign funds. Juncker refuted that the Greek...
IMF Report: Pension Reductions, Tax and Labor Changes Needed
The International Monetary Fund (IMF) Greek Head Delia Velculescu held a conference call with reporters on Friday. She stated that Greece’s growth outlook remains...
ECB Lowers Emergency Liquidity Assistance to Greece
The Bank of Greece announced that the European Central Bank had lowered the cap on emergency liquidity assistance (ELA) that Greek banks draw from...
Greek Banks Get Back 800 Million Euros in Deposits
More than 800 million euros in deposits have returned to Greek banks after the latest relaxing of capital controls, almost a month ago.
According to...
Non-Performing Loans at Greek Banks Receive Boost by Lenders
According to sources, four systemic banks in Greece recorded new non-performing loans (NPLs) provisions in Q2, showing a significant increase from Q1.
The four banks...
Four Firms Apply for Red Loan Management License in Greece
Four companies have submitted applications to the Bank of Greece to obtain a license to manage nonperforming loans (NPLs) of households and small businesses,...