Tag Archive | "plan"

Bank restructuring plan check to be a mere formality

National Bank, Piraeus and Eurobank have submitted their restructuring plans to the European Central Bank for approval, but their examination by Frankfurt will be mostly academic. As the ECB had stressed during the presentation of its stress test results … … Full News here – Latest News

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11/6/2014: Front Page: Crucial test for exit plan

Greece should emerge from today’s Eurogroup meeting with a clearer idea on where its eurozone partners stand on its plans to exit the troika bailout at the end of the year and what reforms it will have to complete over the next few weeks to secure this… Full News here – Kathimerini English

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Plan nearly lost in translation

Brussels and Athens both refuted on Wednesday suggestions that there would be a discussion about extending Greece’s existing fiscal adjustment program at today’s Eurogroup meeting of eurozone finance ministers. Finance Minister Gikas Hardouvelis even reit… … Full News here – Latest News

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11/1/2014: Focus: Reform plan among conditions

Finance Minister Gikas Hardouvelis yesterday outlined the government’s new reform model, which will form part of the “new relationship” between Greece and its eurozone peers involving the supply of emergency credit if Athens requires it. In his… Full News here – Kathimerini English

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10/31/2014: Front Page: IMF could offer know-how in backup plan for Greece

WASHINGTON – The International Monetary Fund said yesterday it might supply its know-how if the eurozone provides a precautionary credit line for Greece. IMF spokesman Gerry Rice said the contingency support could take various forms and that the final… Full News here – Kathimerini English

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Plan for the settlement of bad loans gets more flexible

The plan prepared by the Development Ministry for the extrajudicial settlement of bad corporate loans features more flexible criteria for businesses wishing to enter the process, in a bid to have as many debtors as possible pay at least a portion of their… … Full News here – Latest News

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10/25/2014: Front Page: Debt pay plan may hurt talks

A new regulationregarding payment programs for debts to the state and social security funds has added more thorny issues to the already difficult negotiations between the government and its creditors, the European Central Bank, European Commission and… Full News here – Kathimerini English

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Feverish talks on payment plan proposals

While old debts to the state have grown to 70.1 billion euros, after adding another billion in September, an eagerly anticipated regulation for the provision of new payment programs is being delayed due to reactions from the country’s creditors and the re… … Full News here – Latest News

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10/16/2014: Front Page: Probe into claims of plan to bribe MPs begins

A top-ranking prosecutor yesterday launched an investigation into claims that entrepreneurs close to the government were gathering money to bribe MPs to back the coalition’s candidate for next year’s presidential elections. Deputy appeals court… Full News here – Kathimerini English

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Probe into alleged plan to bribe MPs begins

A top-ranking prosecutor on Wednesday launched an investigation into claims that entrepreneurs close to the government were gathering money to bribe MPs into backing the coalition’s candidate for crucial presidential elections early next year. Deputy appe… … Full News here – Latest News

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10/15/2014: Front Page: Plan to tackle shortage of hospital doctors

Doctors at public hospitals will be hired at the same rate as departures and medical staff will not have to work longer hours than the law stipulates, according to legislation being drawn up by the Health Ministry. The Federation of Greek Hospital… Full News here – Kathimerini English

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10/15/2014: Front Page: Hammering out a contingency plan

on another planet to believe so. To be sure, the political landscape and alliances in Europe are shifting. Italy is on the brink of a huge crisis as the country’s prime minister, Matteo Renzi, appears to be fast exhausting any possibility he has for… Full News here – Kathimerini English

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Banks plan to go back to markets

The country’s four systemic banks are contemplating the idea of heading straight to the financial markets if the deferred tax assets issue is not dealt with in time, as is appearing increasingly likely. Kathimerini understands that the lenders are conside… … Full News here – Latest News

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Greece’s Alpha Bank sheds 21 pct of staff via voluntary exit plan

Greece’s fourth-biggest lender Alpha Bank said on Monday that about 21 percent of its 10,000 employees took up a voluntary redundancy offer the bank launched last month as part of moves to cut costs. Alpha had aimed to cut about 15 to 20 percent of its wo… … Full News here – Latest News

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ECB set to grant Greek banks restructuring plan bonus

Greece has won an important concession from the European Central Bank that could help its top four lenders pass a landmark review of the eurozone’s banking sector, three sources familiar with the process told Reuters. The sources said Greece had convinced… … Full News here – Latest News

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