European Central Bank made almost €8bn from Greece’s financial crisis – RT – 11/10/2017

The European Central Bank (ECB) has profited handsomely from its holdings of Greek government debt, according to a document seen by the Financial Times.

Source:  RT, 11/10/2017

By |October 12th, 2017|Categories: News|Tags: , , |

EBRD signs first project under Greek Renewable Energy Framework – The Financial – 27/07/2017

The EBRD has signed the first project under its new framework for renewable energy in Greece by subscribing to €28.3 million in bonds issued by Hellenic Petroleum, an energy company which is diversifying its activities into the area of renewables.

Source:  The Financial, 2017/07/27

By |July 27th, 2017|Categories: News|Tags: , , , |

Crisis-Plagued Europe Sees a New Dawn After Greek Market Return – Bloomberg – 27/07/2017

Five years after the sovereign debt crisis nearly tore the euro area apart, the currency bloc’s biggest problem child appears on the road to recovery as the region continues to tick off boxes underscoring its revival.

Source:  Bloomberg, 2017/07/27

By |July 27th, 2017|Categories: News|Tags: , , , |

Greek Bond Sale Is Said to Be Delayed by IMF Debt Cap Rule – Bloomberg – 18/07/2017

Greece’s much anticipated return to bond markets this week has been held off partly due to a ceiling set by the International Monetary Fund on the amount of debt the country can hold, according to three officials familiar with the matter who asked not to be identified as the talks are confidential.

Source:  Bloomberg, 2017/07/18

By |July 20th, 2017|Categories: News|Tags: , , , |

Greece aims to sell bonds for first time since 2014 – FT – 17/07/2017

Greece is looking to sell government bonds for the first time in three years in the latest sign of investor willingness to forget the past problems of former pariah sovereign borrowers.

Source:  FT, 2017/07/17

By |July 20th, 2017|Categories: News|Tags: , , , |

EU says Greece public finances back in order, closer to market return – Reuters – 12/07/2017

Greece's fiscal position has improved and the European Union should end disciplinary procedures against it over its excessive deficit, the EU commission said on Wednesday, paving the way for the country to return to international bond markets.

Source:  Reuters, 2017/07/12

By |July 13th, 2017|Categories: News|Tags: , , |

Draghi Signals Greek Debt Measures Not Enough for QE Inclusion – Bloomberg – 26/06/2017

ECB President sees ‘serious concerns’ over debt sustainability Lack of clarity de facto closes door to Greek bond purchases

Source:  Bloomberg, 2017/06/26

By |June 29th, 2017|Categories: News|Tags: , , , |

Europe’s Unserious Plan for Greece – Bloomberg – 21/06/2017

The deal struck last week between Greece and its euro-zone creditors is business as usual -- and that’s not a good thing. This protracted game of “extend and pretend” serves nobody’s long-term interests: not those of the Greek government, the International Monetary Fund or, most of all, the people of Greece.

Source:  Bloomberg, 2017/06/21

By |June 22nd, 2017|Categories: News|Tags: , , , |

Greece Seeks Debt Clarity as Creditors Resist Concessions – Bloomberg – 31/05/2017

Greece may not be offered a substantially improved debt-relief package when euro-area finance ministers discuss its bailout in Luxembourg next month, officials directly involved in the negotiations said.

Source:  Bloomberg, 2017/05/31

By |June 1st, 2017|Categories: News|Tags: , , , |

Greece Agrees to Tighten Belt Again in Return for Further Bailout Funds – The New York Times – 02/05/2017

Greece and its international creditors said on Tuesday that they had reached a preliminary deal allowing the country to receive crucial bailout payments in exchange for promises to raise taxes and to further cut pensions and social spending.

Source:  The New York Times, 2017/05/02

By |May 4th, 2017|Categories: News|Tags: , , |