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

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.

econ/biz european union

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

29/11/201529/11/2015 ENstaff bailout agreement, banking, crisis, European Commission, Piraeus Bank, recap

In the context of the third economic adjustment programme for Greece, the European Commission has approved additional state aid of €2.72 billion to Greek Piraeus Bank 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.

Eurogroup meeting_EU Newsroom_embassynews

econ/biz european union

Eurogroup welcomed Greece’s progress

23/11/2015 ENstaff bailout programme, crisis, economy, EU, Eurogroupe, European Union, Greece

The Eurogroup welcomed the completion by the Greek authorities of the first set of milestones and the financial sector measures that are essential for a successful recapitalisation process. This is an important step towards addressing the main challenges that the Greek economy is facing and towards restoring it to a sustainable path.

european union foreign affairs

European Commission issues statement on Greece

17/11/2015 ENstaff bailout agreement, crisis, economy, EU, Eurogroup, Eurogroup Working Group, European Commission, Greece, prior actions

Greek authorities and the institutions have reached substantive agreement on all outstanding issues regarding the measures included in the first set of milestones and on the financial sector measures that are essential for a successful recapitalisation process.

society

UNHCR ramping up support on Greece’s Lesvos island

13/11/201513/11/2015 ENstaff Aegean, crisis, Greece, Hellenic Coast Guard, Lesvos, migrants, refugees, UNHCR

Of the 660,000 refugees and migrants who have reached Greece this year more than half have landed at Lesvos. With winter approaching, reception conditions and capacity there remain overstretched and inadequate.

Informal EU Meeting Valletta_EU Council_embassynews

european union foreign affairs

Migration crisis: EU heads of state / government discuss latest developments

13/11/2015 ENstaff crisis, EASO, EU, EU Council, European Union, Fronted, migrants, refugees, Schengen, Turkey, Tusk

EU leaders discussed the latest developments in the migration crisis and how to accelerate the implementation of the measures agreed in September and October. President Donald Tusk warned that the future of Schengen is at stake…

european union foreign affairs

Valletta summit on migration decides on action plan

12/11/2015 ENstaff crisis, EU, Europe, European Union, Malta, migrants, refugees, summit, Valletta

The Valletta summit on migration brought together European and African Heads of State and Government in an effort to strengthen cooperation and address the current challenges but also the opportunities of migration. It recognised that migration is a shared responsibility of countries of origin, transit and destination. EU and Africa worked in a spirit of partnership to find common solutions to challenges of mutual interest.

european union events

“Greece and the EU: State of Play and Future Prospects” – panel discussion

09/11/201509/11/2015 ENstaff crisis, CYA, DIKEMES, EU, government, Greece, politics

College Year in Athens / DIKEMES organise a panel discussion on “Greece and the EU: State of Play and Future Prospects” on Wednesday November 11, 2015 (7.00 pm) at DIKEMES Auditorium, 5 Plateia Stadiou (Kallimarmaro).

econ/biz european union

Greek recession to continue into 2016 – EU forecasts

06/11/2015 ENstaff crisis, economy, European Commission, Greece, recession

European Commission expects the recession that returned to Greece this year to continue into 2016 and is calling on the government to immediately draw up additional measures for 2017. In its fall forecasts yesterday, Brussels referred to Greece as follows…

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.