Moody’s maintains stable outlook on the Greek banking system amid improved profitability prospects, balanced by still very high problem loans

Moody's-Greek banks

Moody’s Investors Service is maintaining its stable outlook on the Greek banking system, reflecting the rating agency’s expectation of some improvement in banks’ profitability and loan quality in 2017-18, balanced by very high level of problem loans. The outlook expresses Moody’s expectation of how bank creditworthiness will evolve in Greece over the next 12-18 months. Continue reading “Moody’s maintains stable outlook on the Greek banking system amid improved profitability prospects, balanced by still very high problem loans”

Greece – Looking at Tsipras’ agenda

The Greek premier, Alexis Tsipras, is preparing his MPs to vote in favor of the measures for the second review, and creating the political agenda for the following day. In the meantime, the IMF and the Eurozone are struggling to reach a compromise on a formula for Greek debt relief that will allow the IMF to participate in Greece’s bailout program. A general formula is expected to be announced by the Eurogroup on 22 May or later in June. Continue reading “Greece – Looking at Tsipras’ agenda”