bank of greece2

A Market For NPL Resolution

Jens Bastian via Macropolis |  When the largest Greek banks (in terms of assets) published their second quarter results a fortnight ago, much investor attention was focused on the formation and breakdown of non-performing exposure (NPE) on their respective balance sheets. This focus is the result of regulatory authorities and investors wanting to know if the four systemic banks have started to reverse the multi-year trend of continuously rising “red loans” in their portfolios.


cameron tsipras

Fool Britannia

Nick Malkoutzis via Macropolis | A pointless referendum, a prime minister resigning, the opposition collapsing in a heap, the finance minister disappearing and nobody having any plan about what to do: This has all happened over the last few years in Greece. Never, though, all at the same time as has just occurred in the UK.

brexit grexit

Brexit Leaves Greece Dangling Precariously

Nick Malkoutzis via Macropolis | British voters’ decision to head for the European Union’s exit door will test the EU like never before. Brexit has the potential to unleash not just a wave of consequences that will be damaging economically but also centrifugal political forces that will change the state of the Union forever.

greek politics

Mangling The Truth

Nick Malkoutzis via Macropolis | In a quote some attribute to ancient Greek dramatist Aeschylus, the truth is said to be the first casualty of war. Perhaps the same can be said in times of economic crisis, which some have likened to a state of war. Certainly, one could safely say that accuracy has taken a severe battering during the Greek crisis. And, if accuracy is compromised then it is quite likely the truth will also be mangled.

italy greece

NPL Resolution In Italy And Greece

Jens Bastian via Macropolis | The rising volume of non-performing loans (NPLs) across various eurozone countries, in particular in southern and southeastern Europe, has been a constant challenge for policymakers in recent years. Moreover, their high NPL levels on bank balance sheets have impaired the asset quality of domestic lenders and necessitated an increasing amount of provisioning, thus binding up valuable capital that could otherwise be lent to the real economy.

17524080096 b141775e36 o 1

A Eurogroup Deal That Might Be Hard To Stomach

Yiannis Mouzakis via Macropolis | Following an 11-hour Eurogroup that brought back memories of other classic encounters between Greece and its lenders, an agreement was reached to disburse 10.3 billion euros from the programme’s financing in two tranches – next month and in September – as the much-contested debt issue was put on the table.