Hellenic Financial Stability Fund (HFSF)
Economy
EU-Athens: Attempting to Bridge the Gap
Away from the limelight and the media, Greek Alternate Foreign Minister for International Economic Relations Euclid Tsakalotos and Greek State Minister Nikos Pappas attempted to bridge the gap between Greece and its creditors, and pave the way for the...
Economy
New Democracy Tables Separate Examination Committee Proposal for 1981-2015 Period
The Greek Parliament voted the SYRIZA-led government's proposal for an examination committee looking into the circumstances surrounding the signing of the country's two memoranda with its international creditors. Out of the 300 Greek MPs, 156 voted in favor of establishing the...
Economy
Reuters: Neither Grexit or Grexident, Euro and Drachma in Parallel?
An interesting scenario regarding Greece’s future in the monetary union that has not been on the table so far was published today by Reuters. Citing unnamed Eurozone officials, the London-based news agency is saying that if a reforms-for-cash deal...
Economy
Reuters: Greece to Run Out of Cash by April 20 Without Fresh Aid
Greece will run out of money by April 20 if it does not receive fresh financial aid from its creditors, Reuters wrote earlier today citing a source reportedly familiar with the matter.
The report reminds that the Greek government has lately...
Economy
Eurogroup Asks EFSF to Assist Greece's 1.2-Billion-Euro Claim
Eurogroup President Jeroen Dijsselbloem has requested from the Euro Working Group and the European Financial Stability Facility (EFSF) to examine Greece’s request for a 1.2-billion-euro refund, linked to previous funds it received in order to capitalize its banking system.
Athens...
Economy
EWG Emergency Teleconference Tomorrow to Discuss Greek Reform Proposals
A few minutes ago, Greek government sources have confirmed leaked information regarding a possible Euro Working Group (EWG) emergency teleconference to be held tomorrow, which will examine the Greek reform proposals and the country’s future financial support. The information,...
Economy
ESM Approves Transfer of €555 Mln from HFSF to Greek State
The European Stability Mechanism (ESM) approved on Tuesday the transfer of 555 million euros from the Hellenic Financial Stability Fund (HFSF) to the Greek State, sources said. The funds come from the dividend payments of preferential shares that banks received...
Economy
Read the Greek Loan Agreement Six-Month Extension Request Letter
Earlier today, Greek Finance Minister Yanis Varoufakis sent a letter to Eurogroup President Jeroen Dijsselbloem, explaining Greece's proposals and reasoning for the continuation of the country's loan agreement. Germany's immediate rejection of the Greek proposal has widened the gap...
Economy
Moody's Downgrades Five Greek Banks
Moody’s downgraded five Greek banks on Monday, citing heightened uncertainty regarding the new government's ability to reach an agreement with its creditors before the end of the current support program that expires at the end of February.
The ratings agency said...
Economy
BoG: €11.5 Bln of HFSF Can Be Used as Precautionary Credit Line
Greece has the ability to use the remaining 11.5 billion euros from its bank rescue fund as a preventive support line when it exits its European Union / International Monetary Fund (IMF) bailout program, Bank of Greece (BoG) Governor Yannis...