Greece

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Greece, Looking to Move Past Bailouts, Unveils Ambitious Budget

The Greek government on Tuesday unveiled an ambitious draft budget for next year, the latest sign the country is making progress in its economic recovery after years of painful austerity and international bailouts, the International New York Times re ...

Daily Headline - global.abi.org - 11/21/2017 - 23:00 - 0 comments

Greece Offers Bond Swap in a Charge Toward Financial Freedom

Greece, long the problem child of the eurozone, took a major step on Wednesday toward securing financial independence as it prepares to wean itself off the international bailouts that have kept it afloat for the last eight years, the International New ...

Daily Headline - global.abi.org - 11/15/2017 - 23:40 - 0 comments

Greece’s Membership of the Euro is Still Tenuous

There is almost no precedent for what has happened to Greece since 2008. Yet despite the salutary counterexamples of emerging markets that let their currencies float to provide monetary stimulus, Greece has thus far determined to remain a member of the e ...

Daily Headline - global.abi.org - 11/07/2017 - 22:43 - 0 comments

Greece Is Planning a EU30 Billion Debt-Swap Exercise

The Greek government is planning an unprecedented debt swap worth 29.7 billion euros ($34.5 billion) aimed at boosting the liquidity of its paper and easing the sale of new bonds in the future, Bloomberg News reported. Under a project that could be launc ...

Daily Headline - global.abi.org - 11/01/2017 - 21:29 - 0 comments

Greece Finally Growing, but Taxes Crushing New Businesses

Greece is getting ready to exit its bailout program next year and the country is finally emerging from nearly a decade of financial depression and stagnation, the International New York Times reported on an Associated Press story. For most Greeks, ho ...

Daily Headline - global.abi.org - 10/31/2017 - 17:06 - 0 comments

Greece’s Eurobank Raises €500 Million Via Covered Bonds

Eurobank has become the latest Greek bank to tap capital markets, selling a covered bond that bankers say is designed to be eligible for ECB purchases, the Financial Times reported. The €500m bond, which matures in 2020, was priced this afternoon at ...

Daily Headline - global.abi.org - 10/24/2017 - 18:48 - 0 comments

Greece’s Eurobank to Sell Debt Eligible for Purchase by ECB

Greece’s Eurobank is tapping the bond market for the first time in more than three years, becoming the country’s latest lender to sell a type of debt that may ultimately be bought by the European Central Bank, the Financial Times reported. The bank h ...

Daily Headline - global.abi.org - 10/20/2017 - 00:10 - 0 comments

Greek Banks Face ‘Gangs’ in Bad-Loans Battle With Defaulters

When Eurobank Ergasias SA, Greece’s third-biggest lender, recently went after a “strategic defaulter,” angry protesters stormed the courtroom to block its foreclosure attempt. The defaulter, whose name the lender won’t disclose, had not serviced its loan ...

Daily Headline - global.abi.org - 10/19/2017 - 00:00 - 0 comments

All Bets Are Off for Greece Needing More Financial Support

With just months left before Greece’s latest lifeline expires, all bets are off on whether it’ll need more support. Officials directly involved in the country’s bailout say they don’t have the stomach for another strings-attached aid program when the cur ...

Daily Headline - global.abi.org - 10/15/2017 - 21:58 - 0 comments

Greece’s Banking Sector Returns to Capital Markets with NBG Bond Issuance

National Bank of Greece has sold a €750m covered bond, marking the first time the country’s banking sector has tapped international capital markets since 2014. Covered bonds are issued by banks and backed by pools of loans, providing the investor with ad ...

Daily Headline - global.abi.org - 10/10/2017 - 19:04 - 0 comments

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