May 2020 - Page 8 of 10 - NPL Confidential

Stournaras warns that a new debt crisis will emerge without common action

9 May 2020 Editors

Giannis Stournaras Bank of Greece Governor warned that a new debt crisis may blow in the eurozone if member states do not agree on common action,.

Eurogroup agrees on €540 billion coronavirus package

9 May 2020 Editors

EU finance ministers agreed a €540 billion package to support member states, The ESM will serve as a safety net in the euro area, A Pandemic Support Crisis credit line would be available for member states with standardized items.

Expectations about the availability of bank loans are falling significantly in the eurozone

8 May 2020 Editors

Euro area small and medium-sized enterprises (SMEs) reported a decline in turnover (in net terms – 2%, from 20% in…

Eurogroup to finalize ESM pandemic credit-lines

8 May 2020 Editors

Today’s Eurogroup meeting (held through teleconferencing) is expected to put finishing touches (finalize the term sheet) to the ESM credit…

Μοhegan: finance obstacles lie ahead

8 May 2020 Editors

Questions arise whether financing the Helenikon project is secured after Moody’s downgraded the company, to Caa2 from B3, warning on increased credit risk and a negative outlook.

Ahead of pandemic, Greek consumers in most dire position in Europe-survey

8 May 2020 Editors

Greek consumers are struggling the most in Europe with nearly two-thirds saying that they can’t keep up with rising living costs, according to an annual consumer survey put together by Intrum. Only 56% of Greek consumers are confident in their ability to pay their bills.