ECB Draghi: ‘Cohesion of Europe is being tested’

ECB Draghi: ‘Cohesion of Europe is being tested’

02/02/2016 ENstaff banks, Draghi, ECB, economy, EU, Europe, European Union

DRAGHI: The policy challenges we face are fourfold. They relate to: the global environment; the situation of the financial system; the economic and fiscal policies of Member States; and the political uncertainty surrounding the European project.

econ/biz

Bank of Greece Governor Yannis Stournaras talks to FT

30/01/2016 ENstaff Bank of Greece, banks, debt, economy, fiscal policy, Greece, institutions, privatisations, Stournaras, troika

STOURNARAS: “Greece is in the frontline because we have thousands of kilometers of coastline, so it is very difficult to control the refugee wave. Now, the analysis we have done and we have presented abroad, is that from the refugee problem the benefits mainly go to the host countries and the costs mainly stay with the transit countries…”

EU_San Marino_agreement_EU Newsroom_embassynews

econ/biz european union

EU signs taxation agreement with San Marino

09/12/2015 ENstaff banks, business, economy, EU, Europe, European Union, tax evasion, taxation

On 8 December 2015, the European Union and San Marino signed an agreement aimed at improving tax compliance by private savers. The agreement will contribute to efforts to clamp down on tax evasion, by requiring the EU member states and San Marino to exchange information automatically.

econ/biz european union

Eurogroup president Dijsselbloem on Greece

08/12/2015 ENstaff bailout programme, banks, crisis, Dijsselbloem, economy, Eurogroup, Greece

Dijsselbloem: The objective is to settle this by mid-December, so that we can focus on some of the major fiscal and structural reforms that are still open and need to be finalised for the first review early next year.

econ/biz european union

Commission approves aid for National Bank of Greece on the basis of an amended restructuring plan

05/12/2015 ENstaff aid, banking system, banks, crisis, economy, EU, European Commission, European Union, National Bank, restructuring

In the context of the third economic adjustment programme for Greece, the European Commission has approved additional state aid of €2.71 billion to National Bank of Greece under EU state aid rules, on the basis of an amended restructuring plan.

Vestager Barnier_Eu Newsroom_embassynews

econ/biz european union

Commission approves amended restructuring plans for Alpha Bank and Eurobank

26/11/2015 ENstaff Alpha Bank, banks, crisis, economy, EU, Eurobank, European Commission, Greece, Vestager

The European Commission welcomed that capital to meet the shortfalls identified by the SSM’s comprehensive assessment for Alpha Bank and Eurobank has been fully raised from private investors. As a result, no state capital injections will be necessary. The Commission has also found the amended restructuring plans of Alpha Bank and Eurobank to be in line with EU state aid rules.

econ/biz

Fitch affirms Greece at ‘CCC’

16/11/201516/11/2015 ENstaff banks, budget, economy, Fitch, government, Greece, prior actions, ratings

According to a Fitch announcement, Greece’s financial assistance programme with the European Stability Mechanism of up to EUR86bn has reduced the risk of Greece defaulting on its private sector debt obligations and supports the rating at ‘CCC’.

interviews people

Ambassador of Norway:”The challenge for the Greek economy is its competitive edge and its business climate” [interview]

07/06/2016 ENstaff

The Ambassador of Norway in Athens, His Excellency Jørn Eugene Gjelstad, spoke to EmbassyNews.net and commented on the current developments in Greek and European politics, the economy and the refugee crisis.