Tag Archives: Privatisations

Key highlights of latest IMF report on Greece

The Executive Board of the IMF completed on January 16 the first and second review of Greece’s economic performance enabling the disbursement of the €3.24 tranche. Following Executive Board’s discussion, IMF Managing Director Christine Lagarde issued a brief statement with … Continue reading

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Key highlights of Greece’s 2013 budget and 2013-16 MTFS

MoF unveiled yesterday the 2013 budget and the 2013-16 Medium-Term Fiscal Strategy (MTFS). The key difference of MoF current forecasts compared to those included in the draft budget tabled to parliament on October 1 involves a deeper recession in 2013 … Continue reading

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IMF brief update on current Greek economic situation

Following a speech at the Peterson Institute for International Economics, IMF Managing Director Christine Lagarde was asked to comment on recent press reports indicating a collapse in the discussions between the troika mission and the Greek authorities as well as … Continue reading

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Will current breeze turn to a wind of change?

ECB decision on unlimited bond purchases of euro area countries in trouble, even under strong conditionality, along with its acceptance of the ‘pari passu’ treatment of its sovereign bond holdings certainly improved market’s sentiment on the eurozone prospects and was … Continue reading

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Important macro and banking developments in an unusually interesting summer season

Unlike previous years’ summer season, a lot of important macro, political and banking developments are taking place in Greece this year. The government has to identify cost cutting measures of €11.5bn for 2013-14 in an effort to convince international partners … Continue reading

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Piraeus Bank absorbs the sound part of ATEbank

BoG announced that in the framework of the resolution measures prescribed in the relevant law (4021/2011), it has explored the potential interest of local and foreign banks for the acquisition of the sound part of ATEbank (90% owned by the … Continue reading

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Resignation of HRADF CEO

Hellenic Republic Asset Development Fund (HRADF) CEO Costas Mitropoulos submitted his resignation to FinMin on July 19. In his resignation letter he stressed that “the newly elected government has not given the support needed. Instead, they have indirectly yet systematically … Continue reading

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