Th. Pelagidis: ECB May Be In Liquidity Trap

The rapid delivery of EU Covid emergency funds was more important than ever, Pelagidis said, warning that financial conditions could worsen further due to cliff effects following the expiration of pandemic loan moratoria and state support measures.


Banks, loan servicers to meet with Finance Ministry on new bankruptcy law

Banks and debt managers still consider the schedule almost inapplicable as most of the 50 joint ministerial decisions required are still in an early draft phase, with around 15-20 having been sent to regulators for initial approval. In irder to take care of the required banking issues, 15 joint ministerial decisions are required.


Alpha Bank said to completing Galaxy

Alpha Bank and Davidson Kempner (already selected as preferred bidder) are close to completing exclusive talks to seal an agreement in relation to the twin transaction of the EUR10.8bn NPEs securitization and servicer Cepal.