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Tag Archives: Greek bonds

ECB’s decision on Greek bonds a “message of confidence”, says Greece

December 17, 2021 Economy Comments Off on ECB’s decision on Greek bonds a “message of confidence”, says Greece

A decision taken by the European Central Bank on Greece is a strong message of confidence and a signal of acknowledging the progress made by our country, Finance Minister Christos Staikouras said on Friday, commenting on an ECB’s decision on Greek bonds. The European Central Bank will offer threefold support …

ECB net interest income on SMP holdings of Greek bonds at €94million

February 21, 2020 Economy 1

The European Central Bank’s (ECB’s) audited financial statements for 2019 show that the profit for the year increased by €790 million, to €2,366 million, mainly as a result of higher income earned on the US dollar portfolio and on the asset purchase programme (APP) portfolio. Net interest income totalled €2,686 …

Bond yields decline as investors return to Greek state bond market

March 8, 2018 Economy Comments Off on Bond yields decline as investors return to Greek state bond market

Greek state bond yields declined further on Thursday, with the yield of the 10-year benchmark bond dropping as low as 4.06 pct, in trends seen reflecting a good economic course and a prevailing positive climate in the country. According to athensnewsagency, an economic restructuring and the prospect of a clean …

Greek bond yields fall to levels of 2006

December 15, 2017 Economy Comments Off on Greek bond yields fall to levels of 2006

Greek state bond yields fell to 2006 levels in the domestic electronic secondary bond market on Friday, with the 10-year benchmark bond yielding 4.065 pct, very close to the 4.015 pct level recorded in March 2016 – as low as in 2008. This development pushed the yield spread against the …

Draghi signals Greek debt measure not enough for QE inclusion

June 27, 2017 Economy 4

European Central Bank President Mario Draghi effectively put an end to a debate about the inclusion of Greek bonds in the ECB’s asset-purchase program, saying commitments offered by creditors earlier this month still don’t provide sufficient clarity on the country’s future debt path. The debt measures Greece adopted are “still …

Schaeuble confident Greek deal at Eurogroup, lures UK to reverse Brexit

June 13, 2017 Economy 6

A rare day of positive karma for German Finance Minister Wolfgang Schaeuble. He said on Tuesday he was confident that Greece and its international lenders will reach a compromise deal this week, a step that would unleash more loans for Athens. “We’ll manage it on Thursday. You’ll see,” Schaeuble said …

“Growth is here,” says minister as Greeks face new income cuts

May 10, 2017 Economy Comments Off on “Growth is here,” says minister as Greeks face new income cuts

“Growth in 2017 is a fact, not wishful thinking,” Economy and Development minister Dimitris Papadimitriou said on Wednesday. The year 2017 will be time for real growth in Greece the minister said and assured that there are no new measures to burden the people “from now until 2018”, while in …

ECB reinstates waiver affecting eligibility of Greek bonds as collateral

June 23, 2016 Economy Comments Off on ECB reinstates waiver affecting eligibility of Greek bonds as collateral

Greece can borrow cheap again from the European Central Bank. The ECB reinstates waiver of minimum credit rating requirements affecting the eligibility of Greek bonds used as collateral in Eurosystem monetary policy operations. – Good! ECB Press release 22 June 2016 ECB’s Governing Council reinstates waiver of minimum credit rating …

ECB – Greek Bonds collateral: “Blackmail” is the answer

January 14, 2016 Economy Comments Off on ECB – Greek Bonds collateral: “Blackmail” is the answer

Blackmail is the only “strategy” they know. And they apply it again towards Greece. The European Central Bank allegedly is preparing to accept again “Greek bonds as collateral for liquidity” provided that the “Pension Reform passes through the parliament.” “ECB prepares to again accept Greek bonds as collateral for cash …

Greek FinMin statement on ECB decision (in English)

February 5, 2015 Economy Comments Off on Greek FinMin statement on ECB decision (in English)

In a statement issue early hours of Thursday, the Greek Finance Ministry stressed that the Greek banking system is “adequately capitalized and fully protected through access to the Emergency Liquidity Assistance” and that the ECB puts pressure on the Eurogroup to proceed rapidly to a new agreement between Greece and …

ECB to stop accepting Greek bonds as collateral for granting liquidity

February 4, 2015 Economy 16

This is pure and blatant blackmail and came without a warning! The European Central Bank decided to stop accepting Greek bonds as collateral for granting liquidity as of February 11th 2016. Greek banks can still receive emergency funding from Greek Central Bank via Emergency Liquidity Assistance, a statement said. ECB …

ECB’s QE: Greek bonds are in under conditions

January 23, 2015 Economy Comments Off on ECB’s QE: Greek bonds are in under conditions

The European Central Bank announced its Quantitative Easing (QE) program and set limits on buying Greek government bonds for at least six months. ECB President Mario Draghi said that Greece will be ineligible for the ECB’s 1.1 trillion-euro ($1.3 trillion) program until at least July because of limits on how …

Greek FinMin announces launching of five-year bond

April 9, 2014 Economy 2

After four years in economic isolation, Greek Finance Ministry announced the launching of the five-year bond short after 3 p.m. on Wednesday. Greek media report of a statement issued by the finance ministry and reading: ” The Greek Republic announces today that it mandated international banks for the imminent 5-year …

Greek PM: “I will not allow a criminal organization to govern the political life”

April 4, 2014 Politics Comments Off on Greek PM: “I will not allow a criminal organization to govern the political life”

Greek Prime Minister Antonis Samaras is determined not to allow extreme-right Golden Dawn be a regulator of the country’s political life and threaten the political stability. Speaking to a delegation of AHEPA, the prime minister used the chance to address the issue that his close aide Panagiotis Baltakos had regular …

Rhode Island Firm to open bid for ..outstanding Greek debt

June 3, 2013 Economy 1

A private investor has announced a tender in order to buy less than 9.9% of all Greek bonds. “Japonica Partners & Co. announces an invitation by its indirect wholly-owned subsidiary Yerusalem Hesed, Ltd. for eligible holders of certain series of bonds issued by Greece in 2012 to sell the bonds …

ECB Stopped Accepting Greek Bonds & Other Collateral

July 21, 2012 Economy 3

The European Central Bank turned up the heat on Greece on Friday ahead of a review of its bailout programme, saying it would stop accepting Greek bonds and other collateral used by Greek banks to tap ECB funding, at least until after the review. The ECB move, which analysts …

Greek Banks & Most of Pension Funds Agree to PSI, While Small Investors Cry

March 7, 2012 Economy 1

The count down for the Greek bond swap (PSI) started. Some rush to participate and some rush to declare, that they will not. A friend of mine (let’s call her “Anna”) rushed to a bank today to declare that she does not want to participate. In January 2010, Anna thought …