Greek Banks

The post-pandemic period is indeed one of rebirth. Greece, more injured than any other country due to the preceding decade-long economic crisis, has the preconditions for the desired leap forward.

Bloomberg notes that the ratings of Greek bonds by the agencies and the possible upgrading of Greek bonds to investment level may be enough to turn around the economy and open the door for participation in the ECB programme.

The economic crisis left behind rubble and bound banks which exhaust their activity in managing non-performing loans (NPLs). They do not create an environment of revenues and thus they are not profitable.

Greece, which is now borrowing with record low interest rates and can hope for a definitive exit from the crisis, will be able to borrow more money more cheaply.

The deposit base in Greek banks declined by 1.55bn euros in January, with the largest drop being in the balances of businesses.

The managers of Greek banks believe that a Bank of Greece plan can resolve the looming problem of non-performing loans (NPLs) without requiring yet another bank recapitalisation

Katainen expressed the Commission's satisfaction regarding Greek investments under the European Fund for Strategic Investments

The government is signaling that it is all right if creditors are dissatisfied with the fact that it will not be able to meet a series of existing commitments by a 15 February deadline.

Merkel said that in public administration there has not been sufficient progress, despite the fact that more generally there has been progress on the reform front.

Greece is still up in the air, without direct contact with the markets, and without an ensured path in the final analysis.

The government’s celebrations over the exit from the bailout memorandum may be useful for domestic consumption, but they have not persuaded investors, and those who had the daring to invest are running away.

The ENFIA Real Estate tax, personal income tax, and insurance contributions have emptied accounts

The tolerance that was built by a harsh fiscal adjustment and the countless sacrifices of the Greek people can be revoked the moment that a fiscal derailment is discerned.