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bank recapitalization

Greece Unlikely to Get 2 Bln Euro Bailout Installment on Tuesday

Tuesday's Eurowoking Group is unlikely to approve the release of a two billion euro bailout tranche to Greece, real.gr reports citing sources close to the ongoing negotiations. The Greek government and its international creditors were unable to bridge the differences that separate...

Eurogroup Denies Disbursement of 2 Bln Euros to Greece Amid Incomplete Negotiations

Greek Finance Minister Euclid Tsakalotos was unable to convince his Eurozone counterparts to grant the provision of two billion euros of bailout funds to Greece, during Monday's Eurogroup in Brussels. This outcome was expected due to the deadlock between the Greek government and the institutions- the European...

European Central Bank Decreases ELA Ceiling for Greece

The European Central Bank (ECB) has decided to further lower the ceiling for Emergency Liquidity Assistance to Greece, the Bank of Greece (BoG) revealed. The new ceiling now stands at 86 billion euros. “The reduction of 0.9 billion euros in...

ESM: Third Greek Bailout Likely to Be Smaller Than Planned

Greece’s third bailout loan from the Eurozone might ultimately be less than originally estimated. The European Central Bank announced the official Greek banks’ stress test results on Saturday, noting that the Greek banks’ need for recapitalization is less than...

Finance Μinistry, Greek Banks Say they're Positive About Results of Recapitalization

Greece ’s finance ministry and the country’s main lenders expressed on Sunday their optimism about the outcome of the third bank recapitalization, following the announcement of the results of European Central Bank’s stress tests on Saturday. Banks are now...

Greek Parliament Ratifies the Bank Recapitalization Legislation

The Greek Parliament ratified the legislation that outlines the changes in Greece's banking sector as well as the process of the anticipated recapitalization of the country's banks, on Saturday. The vast majority of the parliament supported the legislation, with SYRIZA, ANEL, New...

European Central Bank: Greek Banks Need Up to 14.4 Billion Euros

The European Central Bank has assessed that the four systemic banks of Greece need at least 4.4 billion euros and up to 14.4 billion euros to cover their capital shortfalls. In the comprehensive assessment test released on Saturday morning the ECB revealed the extent...

Greek Banks Need 14 Billion Euros, Report Claims

The four major Greek banks need 14 billion euros to cover their capital needs, according to Reuters. A Reuters report cites two European officials who claim that European Central Bank's comprehensive assessment of the Greek banks generated the amount. The ECB's official stress test results...

New Democracy President: Bailout Review and Greek Bank Recapitalization Should be Separated

New Democracy (ND) leader Vangelis Meimarakis called on the government to immediately separate the issue of recapitalizing the systemic Greek banks from the pending evaluation by the Institutions. He also accused Prime Minister Alexis Tsipras of lying to the Greek people,...

Greek Gov't to Implement Unpopular Measures Before Bank Recapitalization

The long list of prior actions the Greek government has to implement in order to receive the 2-billion-euro subtranche from its bailout program has generated strong reactions among Greek citizens. Greece's creditors expect Athens to proceed with the measures and...