Results for Greece
- Greek Economy Shrinks On Weak Exports And Investment
0.9 per cent from July to September compared to the second quarter based on seasonally adjusted data - a steeper fall than a previously estimated 0.5 per cent contraction. Year-on-year, the €173 billion economy shrank 1.1 per cent in the third quarter versus a previously estimated 0.4 per cent decline. “The ...
Daily Headline - global.abi.org - 11/29/2015 - 17:13 - 0 comments
- Greece Secures Bank Funds as Tsipras Seeks to Build Consensus
Euro-area member states agreed to disburse the funds necessary for the recapitalization of Greece’s battered banks, as Prime Minister Alexis Tsipras sought consensus from opposition parties, following defections that whittled down his slim parliamentary ...
Daily Headline - global.abi.org - 11/22/2015 - 18:45 - 0 comments
- Athens Backs Reforms To Unlock Bailout Funds
Greece’s parliament has backed additional reforms needed to unlock €12bn from the latest, €86bn, bailout to recapitalise struggling banks and pay off overdue debts to government suppliers, the Financial Times reported. The reform bill was approved by ...
Daily Headline - global.abi.org - 11/19/2015 - 21:49 - 0 comments
- Greece and Eurozone Creditors in Deal to Unlock $13 Billion
Greece and its international creditors said on Tuesday that they had reached agreement on the country’s next round of economic changes, a deal that is meant to unlock as much as 12 billion euros, or about $13 billion, in loan money, the International N ...
Daily Headline - global.abi.org - 11/17/2015 - 21:35 - 0 comments
- Greece Disrupted by First General Strike Under Syriza-Led Government
Hundreds of thousands of Greeks walked off their jobs on Thursday to protest austerity economics, as officials of the leftist-led government wrangled with the country’s international creditors over the terms of Greece’s third bailout. At least one Athens ...
Daily Headline - global.abi.org - 11/12/2015 - 21:38 - 0 comments
- Greek Economy On Ice As Lenders Battle Capital Shortfall
A reluctance to pursue distressed borrowers is one reason why Piraeus is judged to be the most precarious among Greece’s four top lenders, according to the European Central Bank’s latest health check of the sector, the Financial Times reported. As Gr ...
Daily Headline - global.abi.org - 11/11/2015 - 18:49 - 0 comments
- Greece Stand-Off With EU Lenders Delays €2 Billion Bailout Payment
Greece and its European creditors have run into a dispute over Athens’ new €86bn bailout, forcing a delay in a €2bn aid payment and raising questions over whether the government is returning to the brinkmanship tactics that embittered relations with Brus ...
Daily Headline - global.abi.org - 11/09/2015 - 21:57 - 0 comments
- Investors Find Reasons to Ride to Greek Banks’ Rescue
It seems extraordinary that private investors could contemplate pouring billions of euros back into Greece so soon after its near-death experience, The Wall Street Journal reported. It is only three months since the country was on the brink of being ...
Daily Headline - global.abi.org - 11/05/2015 - 21:18 - 0 comments
- Stress Tests for the Greek Prime Minister
One stress test is over for Athens, but several more are looming, the International New York Times reported. Prime Minister Alexis Tsipras received good news over the weekend when a stress test showed that the top Greek banks needed to raise a lowish ...
Daily Headline - global.abi.org - 11/02/2015 - 19:33 - 0 comments
- Greek Banks Need up to $15.8 Billion to Strengthen Their Capital Base
Greece’s top four lenders will need to inject up to €14.4 billion ($15.8 billion) in fresh funds to strengthen their capital base, according to the results of a health check performed by the European Central Bank released on Saturday, The Wall Street J ...
Daily Headline - global.abi.org - 11/01/2015 - 21:28 - 0 comments