Category Archives: Greece

Analysis: Euro zone — reasons to be wary in 2014

Analysis: Euro zone - reasons to be wary in 2014

LONDON — Last year was the least tumultuous for the euro zone since Greece revealed a vast hole in its books back in 2009.

The consensus is that 2014 will be just as calm — a view held by some who were predicting the currency bloc’s demise little more than a year ago.

The political will to keep the show on the road has held firm, the European Central Bank’s pledge to underpin the euro continues to stave off bond market pressure and there is the prospect of economies growing at least a little.

Read more »

Greeces lenders accept lower capital ratio for bank health test: source

ATHENS — Greece’s international lenders have agreed that a lower capital ratio can be used in a second stress test of the country’s major banks, bringing it in line with a European banking benchmark, a banker close to negotiations told Reuters on Thursday.

The country’s central bank has run a second health check on National Bank (NBGr.AT), Alpha Bank (ACBr.AT), Piraeus Bank (BOPr.AT) and Eurobank (EURBr.AT) to assess whether last summer’s 28 billion euro recapitalization has left them capable of absorbing future shocks as bad loans keep rising.

Read more »

Greek banks stress test expected to show 5 billion eur capital need: sources

Greek banks stress test expected to show 5 billion eur capital need: sources

ATHENS — Greece’s four big banks are expected to need a total of about 5 billion euros ($6.9 billion) in extra capital, based on a second stress test by the central bank, two senior banking sources told Reuters on Friday.

The estimate, based on figures given by the Bank of Greece (BOGr.AT) to each of the four banks, is subject to approval by the country’s «troika» of international lenders overseeing its bailout.

Read more »

Greece resumes bailout talks with lenders, no hard figures discussed

Greece resumes bailout talks with lenders, no hard figures discussed

ATHENS — Greece resumed bailout talks with its international lenders on Monday, hoping to end six months of wrangling over the release of new rescue loans it needs to avoid default.

At stake is the disbursement of funds to repay 9.3 billion of bonds maturing in May, the biggest single debt redemption Greece faces in the next three decades, according to Thomson Reuters Eikon data.

Read more »