Agora
Posts by Manos Giakoumis
Greek banks in intensive care: What lies ahead?
Among the measures the Greek government has committed to legislate by July 22, according to the Euro Summit statement is the transposition of the Bank Recovery and Resolution Directive (BRRD).
Contributor: Manos Giakoumis
Categories: Economy (169), Greece (260)
What next for Greece's revenues and spending?
With a bank holiday and capital controls in effect since June 29 and the government tabling an updated set of fiscal measures in an effort to resume negotiations for a new bailout programme, the state’s cash proceeds and expenses are in the spotlight again.
Contributor: Manos Giakoumis
Categories: Economy (169), Greece (260)
How Greek banks were left on the brink
Almost a year ago, Greek banks successfully raised 8.3 billion euros in capital increases, which were oversubscribed more than 1.5 times amid strong interest - primarily from international institutional investors.
Contributor: Manos Giakoumis
Categories: Economy (169), Greece (260)
Greek pensions laid bare
Greece’s pension system is taking centre stage again in the discussions with lenders. It should come as no surprise that even five years of programmes and repeated interventions have not managed to deal with the monster that was created after decades of mismanagement and a misled belief of entitlement.
Contributors: Manos Giakoumis, Yiannis Mouzakis
Categories: Europe (119), Economy (169), Greece (260)
How Greek banks can balance on the collateral tightrope
The ongoing and troubled negotiations between Greece and its lenders, as well as the weekly meetings of the European Central Bank’s governing council mean that there is growing concern about the extent to which Greek banks will continue to be able to draw emergency liquidity to cover the outflow of deposits.
Contributor: Manos Giakoumis
Categories: Europe (119), Economy (169), Greece (260)