The Greek state is close to losing the 25 billion euros it paid to save the Greek banking system, as the bank warrants issued during the first recapitalization will expire at the end of 2017. Source: Ekathimerini
GEFIRA provides in-depth and comprehensive analysis of and valuable insight into current events that investors, financial planners and politicians need to know to anticipate the world of tomorrow; it is intended for professional and non-professional readers.
Yearly subscription: 10 issues for 240€
The Gefira bulletin is available in ENGLISH, GERMAN and SPANISH.
Czech Premier Bohuslav Sobotka said his Social Democrats could create a ruling coalition with the opposition Communists to prevent billionaire Finance Minister Andrej Babis from taking power after fall elections. Sobotka said his party has already held a number of functioning coalitions with the Communists in regional administrations Source: Bloomberg
Speaking in an interview in the February issue of “Gold Investor” — a magazine issued by the World Gold Council, Greenspan argued that imbalances in the economic strength of eurozone nations make the continued function of the single currency area a major concern. Source: Business Insider
A special budget only for the countries of the euro area, the EU Council as “a true legislative chamber” – MEPs propose. The report by Italian Socialist Mercedes Bresso and the German Christian Democrat Elmar Brok proposes reforms that would not require changes in the EU Treaty of Lisbon. Source: PAP/Onet