recapitalization
Economy
Greek State Participation in Banks' Recapitalization to Advance According to Current Legislation
Answering questions on the recapitalization of Greek banks, a high-level official of the Ministry of Finance was quoted as saying: “As it has been said a number of times by the Ministry of Finance, the participation of Greek state...
Economy
Eurogroup Chief Optimistic that Greece Will Reach Agreement by Monday
Eurogroup President Jeroen Dijsselbloem expressed optimism that Greece will fulfill the prior actions required by Monday in order to receive the 2-billion-euro subtranche and an additional 10 billion euros for the recapitalization of Greek banks.
With some measures still pending,...
Economy
EU Holds Back Payments for Greece as Key Reforms are Still Pending
Greece has until the end of the week to resolve the pending issues required for the first review of the bailout program that would unlock further financial aid and funds for bank recapitalization.
"We await the finalization of all the...
Economy
Economy Commissioner Moscovici in Athens to Review Progress of Reforms
European Commissioner of Economic Affairs Pierre Moscovici is arriving in Athens today (Tuesday) to ensure that the Greek government is on track regarding the progress of reforms required by the bailout program.
The second omnibus bill that includes prior actions...
Economy
Bill on Greek Bank Recapitalization to be Voted on By Sunday
A draft bill on the recapitalization of Greek banks will be voted on by Sunday so that the actual process can start on Monday, government Vice-President Yannis Dragasakis said in a statement on Thursday.
The bill was tabled in Greek...
Economy
European Commission VP: Greek Banks Must Recapitalize by Year's End
According to Reuters the European Commission Vice President, Valdis Dombrovskis stressed that Greek banks need to recapitalize by year's end.
Dombrovskis met with Bank of Greece governor Yannis Stournaras on Tuesday during his visit to Athens and reiterated what creditors and...
Economy
Greek Government to Accelerate Procedures for Bank Recapitalization
The Greek government is determined to accelerate procedures towards bank recapitalization and ensure that problems which appeared during similar procedures in the past will be avoided.
The goals and terms of a recapitalization process was at the epicenter of an...
Economy
ECB Cannot Pressure Greek Banks for a Savings Haircut
The European Central Bank cannot pressure Greek banks into freezing deposits and bonds in order to implement haircuts as part of the recapitalization process (also known as bail in), if the process is completed in 2015, noted the ECB...
Greece
Fin Min Confident Greece Can Return to Growth in 2016
Finance Minister Euclid Tsakalotos told the Financial Times that he is optimistic Greece's economy will return to growth in 2016.
"I don't see any reason why we can't return to growth," Tsakalotos said, adding that the newly elected Greek government...
Economy
Private Investors Should Participate in Share Capital Increases of Greek Banks
Private investors should participate in the new share capital increases of the Greek banks and avoid the scenario of nationalization, a senior official of the country’s central bank said on Tuesday, following a meeting between Greek Finance Minister Giorgos...