Greece

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The Legal Framework for Non-Performing Loans in Greece

The Greek Parliament has passed legislation (Law 4354/2015) to govern the assignment and/or the transfer of Non Performing Loan claims (NPLs), including provisions on: • Obtaining a license from the Bank of Greece for Debt Management Companies and D ...

Resource Article - twallace@abiwor... - 06/28/2016 - 12:53 - 0 comments - 1 attachment

ECB Restoring Greek Banks’ Access to Cheap Funding

The European Central Bank said Wednesday it would start accepting junk-rated Greek government debt as collateral for the ECB’s regular lending to banks, reopening a cheap funding channel that could help breathe life into Greece’s struggling economy, Th ...

Daily Headline - global.abi.org - 06/22/2016 - 19:57 - 0 comments

Greek Central Bank Warns On Growth-Harming Taxes

Greece’s central bank has warned that new taxes introduced by the leftwing Syriza government in return for more bailout aid could derail the country’s chances of ending a seven-year-long economic contraction amid rising discontent with government policie ...

Daily Headline - global.abi.org - 06/15/2016 - 21:33 - 0 comments

Greece Central Bank Chief Calls For Bailout Overhaul

Greece’s central bank governor has urged the country’s creditors to rework a core element of Athens’ new bailout, saying ambitious budget surplus targets agreed with the leftwing Syriza government are “unrealistic and socially unattainable.” Yannis Stour ...

Daily Headline - global.abi.org - 06/13/2016 - 22:28 - 0 comments

Painful Choices Still Hang Over Greece

Is there a path towards making Greece a successful self-financing economy within the eurozone? What would be required to put it on that path? These are the big questions about the economic plight of Greece and its ghastly relations with its partners, the ...

Daily Headline - global.abi.org - 06/07/2016 - 21:19 - 0 comments

In Greece’s Economic War of Attrition, Tsipras Counts on Peace

From street protests and collapsing governments to eleventh-hour deals and financial lifelines, Greece has gotten used to lurching from crisis to crisis during its endless economic meltdown, Bloomberg News reported. Prime Minister Alexis Tsipras is relyi ...

Daily Headline - global.abi.org - 06/06/2016 - 21:53 - 0 comments

Greek Debt Deal Reflects Shifting Powers Among IMF Members

The International Monetary Fund stepped back from confrontation on Greece this week — to the delight of eurozone policy-makers above all in Berlin, the Financial Times reported. After months of squaring up against Germany over the fund’s insistence o ...

Daily Headline - global.abi.org - 05/27/2016 - 01:44 - 0 comments

Deal Between Greek Creditors Doesn’t End Saga

A truce between Greece’s creditors averts an immediate panic over Greek bankruptcy this summer, yet as officials and onlookers digested the deal, it became apparent that less was agreed than meets the eye, The Wall Street Journal reported. The deal, ...

Daily Headline - global.abi.org - 05/26/2016 - 00:54 - 0 comments

Debt Standoff Hobbles Greek Bailout Talks

Eurozone finance ministers and the International Monetary Fund tried again to resolve a standoff over Greece’s bailout—including how to reduce the country’s mountain of debt—which has held up new aid payments for the country, The Wall Street Journal ...

Daily Headline - global.abi.org - 05/25/2016 - 00:40 - 0 comments

Greek Parliament Approves Austerity Vote to Secure Bailout Cash

Greece’s parliament approved a raft of fresh taxes and austerity measures that the country must legislate to unlock further rescue loans, as the country’s most influential creditors—Germany and the International Monetary Fund—remain deadlocked over debt ...

Daily Headline - global.abi.org - 05/22/2016 - 21:07 - 0 comments

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