This document provides a summary of economic and political events in Greece from 2010 to 2016 based on information from Piraeus Bank's Economic Research & Investment Strategy division. It includes over 50 entries with dates, descriptions of key events and reforms during the Greek debt crisis and links to additional sources. Some notable events included Greece requesting a bailout program from the EU and IMF in 2010 worth €110 billion, multiple reviews and disbursements of funds, credit downgrades to junk status, private sector involvement including debt restructuring in 2012, and the implementation of two economic adjustment programs.

1. Piraeus Bank
Economic Research &
Investment Strategy
researchdivision@piraeusbank.gr
Bloomberg: <PBGR>
Ilias Lekkos
Irini Staggel
Anastasia Angelopoulou
Piraeus Bank
94, Vas. Sofias Ave. & 1,
Kerassountos str.,
115 28 Athens
Τ: (+30) 216 3004488
F: (+30) 210 3288605
2010 - 2016: Greece & Events
January 2017
ECONOMIC RESEARCH & INVESTMENT STRATEGY

2. History Channel
Economic Research & Investment Strategy
2010
Date Links
1 11-Feb-10 EU statement on supporting Greek stability programme and on measures to reduce the budgetary deficit by 4% on 2010. link
2 11-Feb-10 IMF statement on providing support and expertise to Greece link
3 03-Mar-10 IMF statement on supporting urgent measures of Law No. 3833 (5/3/2010) link
4 05-Mar-10 Law No. 3833 / Protection of national economy - Urgent measures to counter the fiscal crisis. link
5 25-Mar-10 Euro Summit statement on terms of the financial support that will be given to Greece (Law No. 3833 - 5/3/10) link
6 09-Apr-10 Fitch downgrades Credit Rating of Greece to "ΒΒΒ-" from "ΒΒΒ+" link
7 11-Apr-10 Eurogroup: All Eurozone members, with the IMF, will support Greece. link
8 11-Apr-10 IMF statement on financing Greece link
9 15-Apr-10 IMF statement on Greece / IMF team is sent to Greece link
10 22-Apr-10 Moody's downgrades Credit Rating of Greece to "A3" from "A2" link
11 23-Apr-10 Announcement on requesting the activation of support mechanism by Greek PM
12 23-Apr-10 Request of Greek Minister of Finance for a Stand-By Arrangement
13 23-Apr-10 IMF: Statement on receiving request for a Stand-By Arrangement by Greece link
14 25-Apr-10 Meeting of Greek Minister of Finance and IMF / Statement by Greek Minister of Finance link
15 25-Apr-10 IMF statement on Stand-By Arrangement request by Greece link
16 27-Apr-10 S&P downgrades Credit Rating of Greece to "BB+" ("Junk" status) from "BBB+"
17 28-Apr-10 IMF Survey: IMF, EU Working With Greece on Swift Financing Accord link
18 02-May-10 MinFin: Memo on Economic Adjustment Programme for the support mechanism by Eurozone and IMF
19 02-May-10 EC statement on the 3yr support programme of total €110bn with co-financing by IMF link
20 02-May-10 IMF statement on approval of the 3yr support programme and on the result of the negotiations. link
21 02-May-10 IMF statement on its commitment to provide financial with a €30bn SBA link
22 03-May-10 ECB will accept Greek Government Bond regardless of Greece's Credit Rating * link
23 06-May-10
1st Economic Adjustment Programme (EAP)
Law No. 3845 / Measures for the application of the support mechanism for the Greek economy by euro area Member
States and the International Monetary Fund Act 3845/2010 (Gov. G. No. 65Α'/6.5.2010)/€110 bn/3 yrs [€80bn (EU
Bilateral),€30bn (IMF's SBA)]
link
24 06-May-10 PB: Increase in guarantees to Greek government by €15bn [Total €43bn] (Law No. 3723/2008) *
25 08-May-10 Euro Summit: Approval of loan to Greece under a 3-year Economic Adjustment Programme. link
26 10-May-10 IMF, Country Report No. 10/111: Greece: Request for Stand-By Arrangement link
27 10-May-10 ECB activates Securities Markets Programme (SMP) * link
28 10-May-10 ECOFIN: Creation of European Financial Stability Mechanism EFSM (Total volume of up to €500 bn) link
29 12-May-10 Disbursement of €5,5bn by IMF (SBA) link
30 18-May-10 Disbursement of €14,5bn by EU Bilateral loans link
31 26-May-10 European Commission, The Economic Adjustment Programme for Greece link
32 02-Jun-10 European Commission, Proposal on Credit Rating Agencies (CRAs) link
33 14-Jun-10 Moody's downgrades Credit Rating of Greece to "Ba1" ("Junk" status) from "A3" link
34 13-Jul-10 Creation of Hellenic Financial Stability Fund (Law No. 3864, G.G. issue 119 Α'/21.07.2010) * link link2
35 17-Jul-10 Statement by the EC, ECB, and IMF on the Interim Review Mission to Greece link
36 23-Jul-10 Results of EU-wide stress tests * link
37 05-Aug-10
1st Review - 1st EAP
(Statement by the EC, ECB, and IMF on the First Review Mission to Greece)
link
38 06-Aug-10 Greece to IMF: Letter of Intent link
39 20-Aug-10
1st Review - 1st EAP
European Commission, The Economic Adjustment Programme for Greece. First review
link
40 03-Sep-10 PB: Increase in guarantees to Greek government by €25bn [Total €68bn] (Law No. 3723/2008) *
41 13-Sep-10 Disbursement of €6,5bn by EU Bilateral loans link
42 14-Sep-10 Disbursement of €2,6bn by IMF (SBA) link
43 14-Sep-10
1st Review - 1st EAP
IMF, Country Report No. 10/286: Greece: First Review Under the Stand-By Arrangement
link
44 23-Nov-10
2nd Review - 1st EAP
(Statement by the EC, ECB, and IMF on the Second Review Mission to Greece)
link
45 08-Dec-10 Greece to IMF: Letter of Intent link
46 14-Dec-10 Law No. 3899 / Urgent measures for the implementation of the support programme of the Greek EcoNo.my link
47 15-Dec-10
2nd Review - 1st EAP
European Commission, The Economic Adjustment Programme for Greece - Second review
link
48 17-Dec-10
2nd Review - 1st EAP
IMF, Country Report No. 10/372: Greece: Second Review Under the Stand-By Arrangement
link
49 21-Dec-10 Disbursement of €2,5bn by IMF (SBA) link
[* ] Direct effect on PB.

3. History Channel
Economic Research & Investment Strategy
2011
Date Links
1 01-Jan-11 ECB: New haircut framework for asset with credit rating <A- *
2 01-Jan-11 Establishment of EBA, ESMA and EIOPA for the screening of banks, markets, insurance companies and pension funds * link
3 14-Jan-11 Fitch downgrades Credit Rating of Greece to "BB+" ("Junk" status) from "BBB-" link
4 19-Jan-11 Disbursement of €6,5bn by EU Bilateral loans link
5 31-Jan-11 Piraeus Bank share capital increase by €800mn *
6 11-Feb-11
3rd Review - 1st EAP
(Statement by the EC, ECB, and IMF on the Third Review Mission to Greece)
link
7 24-Feb-11
3rd Review - 1st EAP
European Commission, The Economic Adjustment Programme for Greece - Second review
link
8 28-Feb-11 Greece to IMF: Letter of Intent link
9 07-Mar-11 Moody's downgrades Credit Rating of Greece to "Β1" from "Ba1" link
10 16-Mar-11
3rd Review - 1st EAP
IMF, Country Report No. 11/68: Greece: Third Review Under the Stand-By Arrangement
link
11 16-Mar-11 Disbursement of €4,1 by IMF (SBA) and €10,9bn by EU Bilateral loans link1 link2
12 29-Mar-11 S&P downgrades Credit Rating of Greece to "ΒΒ-" from "ΒΒ+" link
13 07-Apr-11 PB: Securitizations (AXIA I) are not accepted as collateral by ECB *
14 09-May-11 S&P downgrades Credit Rating of Greece to "Β" from "ΒΒ-"
15 18-May-11 PB: Increase in guarantees to Greek government by €30bn [Total €98bn] (Law No. 3723/2008)
16 20-May-11 Fitch downgrades Credit Rating of Greece to "Β+" from "ΒΒ+" link
17 01-Jun-11 Moody's downgrades Credit Rating of Greece to "Caa1" from "B1" link
18 03-Jun-11
4th Review - 1st EAP
(Statement by the EC, the ECB and IMF on the Fourth Review Mission to Greece)
link
19 13-Jun-11 S&P downgrades Credit Rating of Greece to "CCC" from "Β" link
20 15-Jun-11 BoG: Activation of ELA mechanism to support greek banks *
21 20-Jun-11
Eurogroup statement on voluntary private sector involvement (PSI) "voluntary private sector involvement in the form of
informal and voluntary roll-overs of existing Greek debt at maturity for a substantial reduction of
the required year-by-year funding within the programme..."
link
22 22-Jun-11 Vote of Confidence to Greek Government
23 29-Jun-11 Law No. 3985 / Medium - Term Fiscal Strategy 2012-2015 link
24 30-Jun-11 Law No. 3986 / Urgent measures for the implementation of the Medium - Term Fiscal Strategy 2012-2015 link
25 01-Jul-11 ECB: Ceiling to Greek T-Bills outstanding amount / €3.3bn *
26 02-Jul-11 Eurogroup statement on the progress of the programme and on disburment of the next installment link
27 04-Jul-11 Greece to IMF: Letter of Intent link
28 10-Jul-11
4th Review - 1st EAP
European Commission, The Economic Adjustment Programme for Greece – Fourth Review
* link
29 12-Jul-11 European Commission, Council's decision to reinforce and deepen fiscal surveillance link
30 13-Jul-11
4th Review - 1st EAP
IMF, Country Report No. 11/175: Greece: Fourth Review Under the Stand-By Arrangement and Request for Modification
and Waiver of Applicability of Performance Criteria
* link
31 13-Jul-11 Fitch downgrades Credit Rating of Greece to "CCC" from "Β+" link
32 13-Jul-11 Disbursement of €3,2bn by IMF (SBA) link
33 15-Jul-11 Disbursement of €8,7bn by EU Bilateral loans link
34 15-Jul-11 Results of EBA 2011 stress tests * link
35 21-Jul-11
EC statement on supporting a 2nd program (total financing: €109bn) for Greece together with the IMF, with the use of EFSF
mechanism. Extension of repayment period of EU Bilateral loans. Creation of Task Force.
link
36 21-Jul-11 Press release of IIF on the financing offer of private sector involvement (PSI) (impairment of 21% on GGBs) * link
37 25-Jul-11 Moody's downgrades Credit Rating of Greece to "Ca" from "Caa1" link
38 27-Jul-11 S&P downgrades Credit Rating of Greece to "CC" from "CCC" link
39 29-Jul-11 PB uses ANFA funding *
40 18-Aug-11 PB uses ELA funding *
41 02-Sep-11
5th Review - 1st EAP
(Statement by the EC, the ECB and IMF on the Fifth Review Mission to Greece)
link
42 27-Sep-11
Law No. 4021 / Enhanced measures for the supervision and restructuring of Credit Institutions – Regulation of issues of
financial nature – Ratification of the European Financial Stability Facility (EFSF) Framework-Agreement and its amendments
and other provisions.
link
43 11-Oct-11
5th Review - 1st EAP
(Statement by the EC, the ECB and IMF on the Fifth Review Mission to Greece)
link
44 26-Oct-11
Euro Summit: Decision for a new agreement, for additional financing, until the end of 2011 and Eurozone contribution to PSI
package up to €30bn/Voluntary bond exchange with nominal discount of 50% and new GDP/Debt ratio objective to 120%.
link
45 02-Nov-11 Europe to "freeze" the support towards Greece after the announcement of the greek referendum.
46 02-Nov-11 IMF statement on the announcement of the greek referendum link
47 10-Nov-11 New Greek Government is formed, Papadimos is the new Greek PM
48 30-Nov-11 Greece to IMF: Letter of Intent link
49 05-Dec-11
5th Review - 1st EAP
(IMF Executive Board Completes Fifth Review Under Stand-By Arrangement for Greece and Approves €2.2 Billion
Disbursement)
link

4. History Channel
Economic Research & Investment Strategy
2011
Date Links
50 07-Dec-11 Disbursement of €2,2bn by IMF (SBA) link
51 08-Dec-11 ECB: 1st auction of 3yr bonds / Minimum Reserves Requirements decreased to 1% *
52 10-Dec-11
5th Review - 1st EAP
European Commission, The Economic Adjustment Programme for Greece - Fifth review
link
53 13-Dec-11
5th Review - 1st EAP
IMF, Country Report No. 11/351: Greece: Fifth Review Under the Stand-By Arrangement, Rephasing and Request for
Waivers of Nonobservance of Performance Criteria
link
54 14-Dec-11 Disbursement of €5,8bn by EU Bilateral loans link
55 16-Dec-11 IMF Survey: Greece Needs Deeper Reforms to Overcome Crisis link
[* ] Direct effect on PB.

5. History Channel
Economic Research & Investment Strategy
2012
Date Links
1 31-Jan-12
Law No. 4038 / Urgent regulations concerning the implementation of the Medium-term Fiscal Strategy Framework 2012-
2015
link
2 12-Feb-12
Law No. 4046 /Approval of the Draft Financial Assistance Facility Agreements between the European Financial Stability
Facility (E.F.S.F.), the Hellenic Republic and the Bank of Greece, approval of the Draft Memorandum of Understanding
between the European Commission, the Hellenic Republic and the Bank of Greece and other urgent provisions for the
reduction of the public debt and the rescue of the national economy
link
3 14-Feb-12
Law No. 4047 / Ratification of the Act of Legislative Content "Very urgent measures for the implementation of the Medium-
term Fiscal Strategy 2012-2015 and of the State Budget for 2011" and of the Act of Legislative Content "Regulation of very
urgent issues for the implementation of law 2024/2011 "Pension provisions, uniform pay scale - grading system, labour
reserve and other provisions for the implementation of the Medium-term Fiscal Strategy Framework 2012-1015" and of
issues falling within the competence of the Ministries of Administrative Reform and E-Governance,
Interior,Finance,Environment, Energy and Climate Change, and of Education, Lifelong Learning and Religious Affairs and
related to the implementation of the Medium-term Fiscal Strategy Framework 2012-2015 "
link
4 17-Feb-12 Exchange of GGBs holded by ECB and NCB as they are excluded from PSI arrangement * link
5 21-Feb-12
2nd Economic Adjustment Programme (EAP)
Eurogroup's statement on the 2nd EAP of up to €130bn, PSI (haircut 53.5%), creation of segregated account for loan
payments, retroactive lowering of the interest rate on Bilateral loans, allocation of ANFA & SMP profits
link
6 21-Feb-12
Decision to exchange GGB | Outstanding GGB held by central banks of other Eurozone countries will be exchanged with
new bonds of equal value
* link
7 22-Feb-12 Fitch downgrades Credit Rating of Greece to "C" from "CCC" link
8 24-Feb-12
MinFin/PDMA statement on PSI procedure (new GGB at 31.5% of the face amount of their exchanged bonds, EFSF notes at
15% of the face amount of their exchanged bonds, detachable GDP-linked securities beginning by 2015 and issued by the
Hellenic Republic)
link
9 27-Feb-12 S&P downgrades Credit Rating of Greece to "SD" from "CC" link
10 27-Feb-12
ECB receives €35bn by EFSF | "As a temporary operation, EFSF provided the Eurosystem with bonds amounting to €35
billion as collateral during Greece's selective default period due to the PSI operation. These bonds were returned to the
EFSF on 25 July 2012 and were cancelled."
link
11 28-Feb-12
Law No. 4051 / Provisions regarding pensions and other urgent provisions for the application of the Memorandum of
Understanding of law 4046/2012.
link
12 28-Feb-12 ECB: GGBs are temporarily not accepted as collateral * link
13 02-Mar-12 PB: Public tender offer to buy back Tier 1 and Lower Tier 2 debt * link
14 02-Mar-12 Moody's downgrades Credit Rating of Greece to "C" from "Ca" link
15 08-Mar-12 ECB: GGBs are again accepted as collateral * link
16 09-Mar-12 IMF's statement on the new deal of €28bn for the next 4 years (last installment by Feb 2016) link
17 09-Mar-12 Greece to IMF: Letter of Intent link
18 09-Mar-12 Fitch downgrades Credit Rating of Greece to "RD" from "C" link
19 09-Mar-12 Eurogroup: Decision to activate CACs in order to restructure the greek debt. *
20 09-Mar-12 International Swaps and Derivatives Association (ISDA) determines that activation of CACs consists a credit event * link
21 12-Mar-12
MinFin/PDMA press release on completion of the 1st phase of PSI (GGB of total value of €177.25bn issue under greek
legislation)
*
22 12-Mar-12 Disbursement of €31.2bn by EFSF (1st, 2nd & 3rd installment of PSI) link
23 13-Mar-12 Fitch upgrades Credit Rating of Greece to "Β-" from "RD" link
24 14-Mar-12 Eurogroup approves the 2nd Economic Adjustment Programme link
25 15-Mar-12
European Commission: The Second Economic Adjustment Programme for Greece - March 2012
Estimation of Financing for the period 2012-2014: €144.7bn by EFSF & €19.8bn by IMF as part of a loan of total €28bn.
link
26 15-Mar-12 IMF Executive Board Approves €28 Billion Arrangement Under Extended Fund Facility for Greece link
27 15-Mar-12 Disbursement of €1.6bn by IMF (EFF) link
28 16-Mar-12
IMF Country Report No. 12/57: Greece: Request for Extended Arrangement Under the Extended Fund Facility - Staff Report;
Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Greece.
link
29 16-Mar-12 IMF: Greece : Request for Extended Arrangement Under the Extended Fund Facility link
30 19-Mar-12 Disbursement of €5.9bn by EFSF (other tranches) link
31 20-Mar-12
Law No. 4060 / Ratification of the Act of Legislative Content “Approval of the Draft Master Financial Assistance Facility
Agreement between European Financial Stability Facility (E.F.S.F.), the Hellenic Republic, the Hellenic Financial Stability
Fund (H.F.S.F.) and the Bank of Greece and provision of authorizations for the signature of the Master Agreement”
link
32 27-Mar-12 EU statement: The Second Programme of Economic Adjustment for Greece: Greek commitment, European solidarity link
33 10-Apr-12 Disbursement of €3.2bn by EFSF (PSI) & €3.3bn by EFSF (other tranches) link
34 11-Apr-12 ECB: Greek systemically imprortant bank are not considered eligible counterparties. *
35 19-Apr-12 Disbursement of €25bn by EFSF (Bank Recapitalisation) link
36 25-Apr-12
MinFin/PDMA press release on completion of PSI arrangement (€199bn of debt restructured, €205.5bn of aggregate
principal amount)
* link
37 25-Apr-12 Disbursement of €0.9bn by EFSF (PSI & DBB) link
38 26-Apr-12 Settlement of foreign-law regulated assets (XS) & public utilities *
39 02-May-12 S&P: upgrades Credit Rating of Greece to "CCC" from "SD"
40 06-May-12 Greek Legislative Elections | Failed to form a government link
41 10-May-12 Disbursement of €4.2bn by EFSF (other tranches) link
42 17-May-12 Fitch downgrades Credit Rating of Greece to "CCC" from "B-" link
43 06-Jun-12 ECB: Greek systemically important banks are again eligible counterparties *
44 17-Jun-12 Greece holds new Legislative Elections| Coalition government is formed link
45 28-Jun-12 Disbursement of €1bn by EFSF (other tranches) link
46 03-Jul-12 ECB: Additional temporary measures relating to Eurosystem refinancing operations and eligibility of collateral * link
47 06-Jul-12 PB: Recapitalisation by submitting EFSF bonds of €4.7bn *
48 25-Jul-12 ECB: GGBs are not accepted as collateral *

6. History Channel
Economic Research & Investment Strategy
2012
Date Links
49 27-Jul-12 Piraeus Bank buys ATEbank's healthy assets *
50 05-Aug-12
"Troika's" statement on the progress of the implementation of the programme and on discusions with the new greek
authorities.
link
51 20-Sep-12 Law No. 4081 / Reduction of Public Expenditure, Regulation of Issues of Financial Control and other provisions link
52 15-Oct-12 European Commission: One year of Task Force for Greece link
53 17-Oct-12 "Troika's" statement on discussion for the 1st EAP review link
54 24-Oct-12 ECB: 3 greek systemically important banks are not considered eligible counterparties *
55 31-Oct-12
Law No. 4092 /Ratification of the Act of Legislative Content of September 6th, 2012 "Amendment of the last section of
paragraph 1 of article 3 of law 3986/2011 'Urgent measures for the implementation of the Medium - Term Fiscal Strategy
2012-2015' (A'152), as in force", of the Act of Legislative Content 'Repeal of the minimum percentage of the Greek State in
ELPE (Hellenic Petroleum), DEI (Public Power Corporation), OPAP (Organization of Football Prognostics), ODIE (Hellenic
Horse-race Betting Organisation), EYDAP (Athens Water Supply and Sewerage Company), EYATH (Thessaloniki Water Supply
and Sewerage), ELTA (Hellenic Post), Port Authority of Pireus, Thessaloniki, Alexandroupoli, Volos, Eleusinas, Igoumenitsa,
Iraklio, Kavala, Corfu, Lavrio, Patras and Rafina, as well as repeal of article 11 of law 3631/2088 (A'6)"and other provisions
link
56 07-Nov-12
Law No. 4093 / Approval of the Medium-term Fiscal Strategy Framework 2013-2016 - Urgent Measures for the
Impementation of the Medium-term Fiscal Strategy Framework 2013-2016
link
57 26-Nov-12
1st Review - 2nd EAP
IMF: Statement further supporting Greece’s economic reform program
link
58 27-Nov-12
Eurogroup: Decision on new supporting measures | Repurchase of debt (DBB), primary surplus target of 4.5% from 2014 to
2016, extension of maturities of the bilateral and EFSF loans by 15 years and a deferral of interest payments of Greece on
EFSF loans by 10 years, lowering by 100 bps of the interest rates charged on bilateral loans
link
59 03-Dec-12 MinFin: Start of DBB repurchase process
60 04-Dec-12 Euro Summit: Greece granted 2 more years ot correct is excessive deficit link
61 05-Dec-12 S&P downgrades Credit Rating of Greece to "SD" from "CCC"
62 07-Dec-12
1st Review - 2nd EAP
European Commission, The Second Economic Adjustment Programme for Greece – First Review
link
63 12-Dec-12
MinFin: Completion of DBB repurchase process, total demand of €31.9bn, weighted average price approximately at 33,8%
of nominal value, for the repurchase of EFSF's 6 month bills of nominal value of €11.29bn (including accrued interest)
64 13-Dec-12 IMF's statement on Debt Buy Back link
65 14-Dec-12 PB acquires Geniki Bank from Societe Generale *
66 17-Dec-12 Disbursment of €7bn by EFSF (other tranches) & €11.3bn by EFSF (DBB) link
67 18-Dec-12 S&P upgrades Credit Rating of Greece to "B-" from "SD"
68 19-Dec-12 ECB is accepting again greek bonds for recapitalisation purposes *
69 19-Dec-12 ECB: GGBs are again accepted as collateral / New haircut framework *
70 19-Dec-12 Disbursment of €16bn by EFSF (Bank Recapitalisation) link
71 21-Dec-12 Greece to IMF: Letter of Intent link
72 24-Dec-12 PB: Recapitalisation by submitting EFSF bonds of €1.5bn *
[* ] Direct effect on PB.

7. History Channel
Economic Research & Investment Strategy
2013
Date Links
1 14-Jan-13
Law No. 4111 /Pension provisions, amendments of law 4093/2012, ratification of the Act of Legislative Content «Approval
of the Draft Agreements Amending the Master Financial Assistance Facility Agreement between the European Financial
Stability Facility (E.F.S.F.), the Hellenic Republic, the Hellenic Financial Stability Fund (H.F.S.F.) and the Bank of Greece,
under the title "Master Financial Assistance Facility Agreement", of the Financial Assistance Facility Agreement between the
European Financial Stability Facility (E.F.S.F.), the Hellenic Republic and the Bank of Greece, under the title "PSI LM Facility
Agreement" and of the Financial Assistance Facility Agreement between the European Financial Stability Facility (E.F.S.F.),
the Hellenic Republic and the Bank of Greece, under the title "Bond Interest Facility", provision of authorizations for the
signature of Agreements» and other provisions of urgent nature
link
2 14-Jan-13 EU/ECB/IMF Compliance with the Milestones
3 16-Jan-13 ECB: 3 greek systemically important banks are again eligible counterparties *
4 18-Jan-13
1st & 2nd Review - 2nd EAP
IMF,Country Report No. 13/20: Greece: First and Second Reviews Under the Extended Arrangement Under the Extended
Fund Facility, Request for Waiver of Applicability, Modification of Performance Criteria, and Rephasing of Access
link
5 18-Jan-13 Disbursement of €3.2bn by IMF (EFF) link
6 31-Jan-13 Disbursement of €2bn by EFSF (other tranches) link
7 18-Feb-13 Law No. 4127 /Approval of update of Mid term Fiscal Strategy 2013-2016 link
8 19-Feb-13 EU/ECB/IMF Compliance with the Milestones
9 28-Feb-13 Disbursement of €2.8bn by EFSF (other tranches) link
10 14-Mar-13 "Troika" statement on the progress of the implementation of the programme link
11 24-Mar-13 IMF Statement on Cyprus link
12 25-Mar-13 Eurogroup statement on Cyprus macroeconomic adjustment programme link
13 26-Mar-13 PB acquires the Greek banking operations of Bank of Cyprus, Cyprus Popular Bank and Hellenic Bank * link
14 03-Apr-13 IMF Reaches Staff-Level Agreement with Cyprus on a €1 Billion Extended Fund Facility Arrangement link
15 15-Apr-13 "Troika" statement on the progress of the implementation of the programme link
16 18-Apr-13 PB announces the sale of ATEbank Romania *
17 22-Apr-13 PB Acquires Millenium Bank Greece *
18 26-Apr-13 EU/ECB/IMF Compliance with the Milestones
19 28-Apr-13 Law No. 4152 / Urgent measures for the implementation Laws No. 4046/2012, 4093/2012 & 4127/2013 link
20 02-May-13 Reduction of ECB key interest rates link
21 03-May-13 Disbursement of €2.8bn by EFSF (other tranches) link
22 13-May-13
2nd Review - 2nd EAP
European Commission, The Second Economic Adjustment Programme for Greece – Second Review
link
23 14-May-13 Fitch upgrades Credit Rating of Greece to "B-" from "CCC" link
24 17-May-13 Disbursement of €4.2bn by EFSF (other tranches) link
25 31-May-13
3rd Review 2nd EAP
IMF Completes Third Review Under Extended Fund Facility Arrangement for Greece
link
26 31-May-13 Disbursement of €7.2bn by EFSF (Bank Recapitalisation) link
27 04-Jun-13 Disbursement of €1.7bn by IMF (EFF) link
28 05-Jun-13 Greece : Ex Post Evaluation of Exceptional Access Under the 2010 Stand-By Arrangement link
29 05-Jun-13 IMF Survey : Greece Makes Progress, But More Effort Needed to Restore Growth link
30 05-Jun-13
3rd Review - 2nd EAP
IMF, Country Report No. 13/153: Greece : Third Review Under the Extended Arrangement Under the Extended Fund Facility
link
31 12-Jun-13 EU/ECB/IMF Compliance with the Milestones
32 25-Jun-13 Disbursement of €3.3bn by EFSF (other tranches) link
33 28-Jun-13 PB: Share Capital Increase by €8.4bn (€1.4bn from private investors) * link
34 08-Jul-13 "Troika" statement on the progress of the implementation of the programme link
35 17-Jul-13 Greece to IMF: Letter of Intent link
36 19-Jul-13
Law No. 4172 / Income taxation, urgent measures for the implementation of law 4046/2012, of law 4093/2012 and of law
4127/2013 and other provisions
link
37 26-Jul-13
3rd Review - 2nd EAP
European Commission, The Second Economic Adjustment Programme for Greece – Third Review
link
38 31-Jul-13
4th Review - 2nd EAP
IMF, Country Report No. 13/241: Greece : Fourth Review Under the Extended Arrangement Under the Extended Fund
Facility, and Request for Waivers of Applicability and Modification of Performance Criterion
link
39 31-Jul-13 Disbursement of €1.7bn by EFSF IMF (EFF) & €2,5bn by EFSF (other tranches) link1 link2
40 29-Sep-13 "Troika" statement on the progress of the implementation of the programme link
41 15-Oct-13 European Council approves the creation of the Single Supervisory Mechanism for the eurozone link
42 23-Oct-13 ECB announced that a soundness assessment will be conducted for the 130 greatest european banks * link
43 07-Nov-13 Reduction of ECB key interest rates * link
44 21-Nov-13 "Troika" statement on the progress of the implementation of the programme link
45 29-Nov-13 Moody's upgrades Credit Rating of Greece to "Caa3" from "C" link
46 16-Dec-13 EU/ECB/IMF Compliance with the Milestones
47 17-Dec-13 Eurogroup statement on the progress of the reforms and the implementations of the programme. link
48 18-Dec-13 Disbursement of €0.5bn by EFSF (other tranches) link
49 21-Dec-13 Law No. 4223 / Uniform Real Property Tax and other provisions link
[* ] Direct effect on PB.

8. History Channel
Economic Research & Investment Strategy
2014
Date Links
1 06-Mar-14 Results of Greek Banks Stress Test by Bank of Greece * link
2 19-Mar-14 "Troika" statement on the progress of the implementation of the programme link
3 30-Mar-14
Law No. 4254 / Measures on the support and development of the Hellenic economy in the framework of the
implementation of Law 4046/2012 and other provisions.
link
4 10-Apr-14 PB: Share capital increase of €1.75bn * link
5 16-Apr-14
Directive 2014/49/EU which lays down rules and procedures relating to the establishment and the functioning of deposit
guarantee schemes (DGSs)
* link
6 25-Apr-14
4th Review - 2nd EAP
European Commission, The Second Economic Adjustment Programme for Greece – Fourth Review
link
7 28-Apr-14 Disbursement of €6.3bn by EFSF (other tranches) link
8 09-May-14 Law No. 4263 / Mid-term Fiscal Strategy Framework 2015-2018 link
9 14-May-14 Greece to IMF: Letter of Intent link
10 15-May-14
Directive 2014/59/EU establishing a framework for the recovery and resolution of credit institutions and investment firms
(Bank Recovery Resolution Directive-BRRD) | Active by: 1/1/2015
* link
11 23-May-14 Fitch upgrades Credit Rating of Greece to "B" from "B-" link
12 03-Jun-14 Disbursement of €3.4bn by IMF (EFF) link
13 05-Jun-14 Reduction of ECB key interest rates, announcement of LTROs & suspension of sterilisation of government bond market. * link
14 10-Jun-14 IMF Survey : Greece: Grounds for Cautious Optimism link
15 10-Jun-14
5th Review - 2nd EAP
IMF, Country Report No. 14/151: Greece: Fifth Review Under the Extended Arrangement Under the Extended Fund Facility,
and Request for Waiver of Nonobservance of Performance Criterion and Rephasing of Access
link
16 03-Jul-14 EU/ECB/IMF Compliance with the Milestones
17 09-Jul-14 Disbursement of €1bn by EFSF (other tranches) link
18 16-Jul-14 "Troika" statement on the progress of the implementation of the programme link
19 30-Jul-14 Regulation No. 806/2014 establishing the Single Resolution Mechanism (SRM) | Active by: 1/1/2015 link
20 01-Aug-14 Moody's upgrades Credit Rating of Greece to "Caa1" from "Caa3" link
21 06-Aug-14
Measures for the assistance and development of the Hellenic economy, organizational issues of the MinFin and other
provisions
link
22 11-Aug-14 EU/ECB/IMF Compliance with the Milestones
23 14-Aug-14 Disbursement of €1bn by EFSF (other tranches) link
24 04-Sep-14 Reduction of ECB key interest rates to 0.05%, announcement of purchase of ABS and Covered bonds (by October) * link
25 12-Sep-14 S&P upgrades Credit Rating of Greece to "B" from "B-"
26 16-Sep-14
T-Bills exchange: The aggregate principal amount of: (1) 2017 New Notes to be issued on the Settlement Date will be
€589mn [3.375%] (2) 2019 New Notes to be issued on the Settlement Date will be EUR €1.03bn [4.75%]
* link
27 12-Oct-14 IMF statement on Greece's progress on reforms and program commitments link
28 16-Oct-14 European Commission statement on programme's progress link
29 26-Oct-14 ECB announced that a soundness assessment will be conducted for the 130 greatest european banks * link
30 04-Nov-14 ECB assumes responsibility for euro area banking supervision * link
31 19-Nov-14 Revision of haircut schedule applying to marketable debt issued or fully guaranteed by the Hellenic Republic * link
32 19-Dec-14 Extension of the EFSF programme and EFSF bonds by two months for Greece link
[* ] Direct effect on PB.

9. History Channel
Economic Research & Investment Strategy
2015
Date Links
1 22-Jan-15
Announcement of extension of ECB's quantitative easing programme which will include purchase of marketable
government bonds. Greece cannot participate because of the 33% issuer limit. However it will be for Greece to participate
after July - August redemptions.
link
2 25-Jan-15 Greek Legislative Elections| Coalition government is formed
3 04-Feb-15
ECB's decision to lift current waiver of minimum credit rating requirements for marketable instruments issued or
guaranteed by the Hellenic Republic
* link
4 06-Feb-15 S&P downgrades Credit Rating of Greece to "B-" from "B"
5 20-Feb-15 Eurogroup statement on Greece, awaiting for reforms link
6 23-Feb-15 IMF letter to Eurogroup reviewing the measures prepared by the Greek authorities link
7 24-Feb-15
Eurogroup statement providing extension by up to four months of the current Master Financial Assistance Facility
Agreement
link
8 27-Feb-15
EFSF Board of Directors: €1.8 billion that is still available under the MFFA can be disbursed to Greece until 30 June 2015, the
disbursement of this last loan tranche is conditional on the successful conclusion of the final review under the current
arrangement. EFSF bonds which are currently held by HFSF will be returned to EFSF and will only become available to
Greece on request by the ECB or SSM only to cover bank recapitalisation and resolution costs. These bonds will also be
available until 30 of June.
link
9 27-Feb-15
On 27/02/2015, the Hellenic Financial Stability Fund (HFSF) redelivered €10.9 bn in bonds issued by the EFSF for the
recapitalisation of Greek banks. This comprised: a full repayment of the €7.2 bn disbursed on 30/05/2013; and a partial
repayment of €3.7 bn of the loan tranche disbursed on 19/12/2012)
link
10 09-Mar-15 ECB starts purchasing euro-denominated public sector securities in the secondary market link
11 18-Mar-15
Law No. 4320 / Regulations for the adoption of humanitarian crisis immediate response measures, for the organization of
the Government and the governmental organs and other provisions
link
12 20-Mar-15 Law No. 4321 / Regulations for the restart of the economy link
13 27-Mar-15 Fitch downgrades Credit Rating of Greece to "CCC" from "B" link
14 06-Apr-15 Cyprus lifts all restrictive measures on bank transactions link
15 15-Apr-15 S&P downgrades Credit Rating of Greece to "CCC+" from "B-"
16 17-Apr-15 PB: acquires healthy assets and liabilities of Panellinia Bank * link
17 29-Apr-15 Moody's downgrades Credit Rating of Greece to "Caa2" from "Caa1" link
18 21-May-15 PB: Piraeus Bank Egypt is acquired by ABK *
19 10-Jun-15 S&P downgrades Credit Rating of Greece to "CCC" from "CCC+"
20 18-Jun-15
Eurogroup: Announcement by Eurogroup President Greece's progress is insufficient and that new agreement is needed |
Euro Summit on 22.06.15
link
21 22-Jun-15 "Completing Europe's Economic and Monetary Union: Τhe 5 Presidents' report" link
22 22-Jun-15 Greek government sends a new proposition, Eurogroup statement link
23 26-Jun-15 Announcement of Greek referendum
24 27-Jun-15 Eurogroup statement on the decision of the Greek government to put forward a proposal to call for a referendum link
25 28-Jun-15 European Commission: Information on the latest draft proposals in the context of negotiations with Greece link
26 28-Jun-15 Legislative Act 65/28.06.15 "Bank Holiday of a short duration 28/6/15-06/07/15" * link
27 29-Jun-15 S&P downgrades Credit Rating of Greece to "CCC-" from "CCC" link
28 30-Jun-15 European Commission proposal is published (forming the question of the referendum) link link2
29 30-Jun-15 Greek Government Letter on new ESM programme link
30 30-Jun-15 ESM announcement on expiry of EFSF programme to Greece link
31 30-Jun-15 Fitch downgrades Credit Rating of Greece to 'CC' from 'CCC' link
32 30-Jun-15 IMF statement on Greece due payment (€1.5bn) link
33 01-Jul-15 Joint letter from Eurogroup and ESM to Greece on extension of the EFSF programme as well as ESM programme. link
34 01-Jul-15 IMF, Nine Key Questions on Greece link
35 01-Jul-15 Moody's downgrades Credit Rating of Greece to "Caa3" from "Caa2" link
36 02-Jul-15 IMF, Country Report No. 15/165 Greece: Preliminary Draft Debt Sustainability Analysis link
37 03-Jul-15 EFSF Board of Directors reserves its rights to act upon Greece’s default link
38 05-Jul-15 Greek referendum result: 61.3% of greek voters voted "No"
39 06-Jul-15 GSEP 1391/6.7.15 "Extension of bank holiday" until 08/07/15 * link
40 08-Jul-15
The Hellenic Republic (‘Greece’) made an official request for stability support – in the form of a loan facility – to the ESM to
be used for meeting debt obligations and to ensure stability of its financial system.
link
41 08-Jul-15 Letter from ESM to EC and to ECB for the activation of stability supporting programme link
42 10-Jul-15
Greece - Assessment of the Commission, in liaison with the ECB, of the request for stability support in the form of an ESM
loan
link
43 11-Jul-15 Law No. 4333 / For the negotiation and conclusion of the loan agreement with the European Stability Mechanism (ESM) link
44 13-Jul-15 GSEP 1460/13.7.15 "Extension of bank holiday" until 15/07/15 * link
45 13-Jul-15 Euro Summit Statement 12.07.15 link
46 13-Jul-15 IMF statement on Greece due payment (€456mn) link link2
47 14-Jul-15 IMF, Country Report No. 15/186 Greece: An Update of IMF Staff’s Preliminary Public Debt Sustainability Analysis link
48 14-Jul-15
European Commission: COM(2015) 357 Proposal for a council implementing decision on granting short term Union financial
assistance to Greece
link
49 16-Jul-15 Eurogroup grants a 3-year ESM stabilit support to Greece link
50 17-Jul-15 ESM Governing Council approves in principle granting of stability support to Greece link
51 17-Jul-15 EFSM: Council approves €7bn bridge loan to Greece link
52 18-Jul-15
Legislative Act 84/18.07.15 "Urgent measures for the adoption of restrictions on cash withdrawals and capital transfers" -
End of bank holiday
link
53 20-Jul-15 Debt repayment to ECB and BoG
54 21-Jul-15 S&P upgrades Credit Rating of Greece to "CCC" from "CCC-"
55 22-Jul-15 Law No. 4335 / Urgent measures for the implementation of law 4334/2015 (Government Gazette A΄ 80) link
56 24-Jul-15 GSEP 1027 - G.G. issue 1561/24.7.15 "Legislation on restrictions on cash withdrawals and capital transfers" * link

10. History Channel
Economic Research & Investment Strategy
2015
Date Links
57 31-Jul-15
GSEP 1062 - G.G. issue 1617/31.7.15 "Removal of the restrictions under Legislative Act dated 18.7.2015 (A' 84) on
conducting transactions in financial instruments on Greek regulated markets"
* link
58 31-Jul-15
G.G. issue 1620/31.7.15 “Prolongation of Ministerial Decision 49214/21.7.2015 “Suspension of enforcement measures,
payment of court trial fees, guarantee operations and payment of sentences converted into financial penalties” (G.G. issue
B 1525)”
link
59 31-Jul-15
Leg.Act 90/31.7.15 "Amendments to by 28 June 2015, 14 July 2015, 18 July 2015, Legislation Acts and urgent measures to
support the negotiations of the Greek Government with the ESM, the European Commision, the ECB and the IMF."
link
60 14-Aug-15
Law No. 4336 / Provisions regarding pensions – Ratification of the Draft Financial Assistance Facility Agreement by the
European Stability Mechanism (ESM) and regulations for the implementation of the Funding Agreement.
Type
link
61 14-Aug-15 Eurogroup statement on the ESM programme for Greece link
62 14-Aug-15
Report on Greece's compliance with the draft MoU commitments and the commitments
in the Euro Summit statement of 12 July 2015
link
63 14-Aug-15
ESM proposal for the terms of the first tranche of €26 billion under the Financial Assistance Facility Agreement for Greece
(First tranche and disbursement to Greece)
link
64 17-Aug-15
GSEP 1133 - G.G. issue 1721/17.8.15 "Μeasures for the of the adoption of restrictions on cash withdrawals and capital
transfers"
* link
65 18-Aug-15 Fitch upgrades Credit Rating of Greece to "CCC" from "CC" link
66 19-Aug-15 ESM Board of Governors approves ESM programme for Greece link
67 19-Aug-15
Memorandum of Understanding (MoU) detailing the economic reform measures and commitments associated with the
financial assistance package
link
68 19-Aug-15 Financial Assistance Facility Agreement (FFA)
69 19-Aug-15 Assessment of the Social Impact of the new Stability Support Programme for Greece link
70 20-Aug-15 ESM Board of Directors approves first loan tranche of €26 bn for Greece link
71 20-Aug-15
The ESM programme for Greece (Disbursements of ESM financial assistance to Greece - Maturities) -The two following
documents provided the Board of Governors and euro area ministers with updates following initial assessments to
determine Greece's eligibility for an ESM programme (as done on 10 July 2015): Debt sustainability analysis (link3) and
Assessment of Greece's financing needs (link4)
link1 link2 link3
72 31-Aug-15
G.G. issue 1867/31.8.15 “Prolongation of Ministerial Decision 49214/21.7.2015 “Suspension of enforcement measures,
payment of court trial fees, guarantee operations and payment of sentences converted into financial penalties” (G.G. issue
B 1525)”
73 16-Sep-15 EU proposal to maximise its use of EU funds and improve liquidity for boosting growth and creating jobs link
74 20-Sep-15 Greek Legislative Elections| Coalition government is formed by SYRIZA & ANEL link
75 25-Sep-15 Moody's confirms Credit Rating of Greece at "Caa3" - Outlook stable link
76 25-Sep-15 G.G. issue 2100/25.9.15 "Measures for the of the adoption of restrictions on cash withdrawals and capital transfers" * link
77 29-Sep-15
G.G. issue 2110/29.9.15 “Prolongation of Ministerial Decision 49214/21.7.2015 “Suspension of enforcement measures,
payment of court trial fees, guarantee operations and payment of sentences converted into financial penalties” (G.G. issue
B 1525)”
link
78 02-Oct-15
G.G. issue 2131/2.10.15 "Amendments to the GSEP 0001258ΕΞ2015/ Χ.Π.2672/ 25.9.2015 Decision of the Minister of
Finance"
link
79 16-Oct-15 Law No. 4337 / Measures for the implementation of the fiscal goals and structural reforms agreement link
80 31-Oct-15
Law No. 4340 / For the recapitalization framework of credit institutions and other provisions of the competence of the
MinFin
* link
81 31-Oct-15 Stress Test Results (capital shortfall of €14.4bn for 4 systemically significant Greek banks) * link
82 31-Oct-15 BoG: Results of the 2015 Comprehensive Assessment for Attica Bank * link
83 02-Nov-15 Ministerial Decision 36 on Contingent Convertible bonds (CoCos) * link
84 19-Nov-15
Law No. 4346 / Urgent measures for the implementation of the fiscal goals and structural reforms agreement and other
provisions.
link
85 20-Nov-15 Government Budget for year 2016 is submitted link
86 21-Nov-15 Eurogroup statement on the disbursement of €2bn to Greece on 23 Nov 2015 link
87 23-Nov-15 ESM approves €2bn disbursement to Greece link
88 23-Nov-15 Eurogroup statement welcoming the completion of the first set of milestones and of the recapitalisation process link
89 24-Nov-15 Disbursement of €2bn link
90 01-Dec-15
ESM approves €2.72bn disbursement to recapitalise Piraeus Bank. This amount was adjusted to €2.71bn.
"The ESM initially disbursed €2.72bn; however, a valuation carried out on the request of the HFSF showed that the value of
notes on delivery date was €13.9mn higher than on the date of issuance. Consequently, €13.9mn in notes was redelivered
to the ESM, and the final amount of ESM notes used for the recapitalisation of Piraeus Bank stands at €2.706bn"
* link1 link2
91 02-Dec-15
PB: Announcement regarding the admission to trading of the New Shares following the completion of the share capital
increase
* link
92 03-Dec-15 ECB: Monetary policy decisions * link
93 03-Dec-15 Reduction of the ELA-ceiling by €7.8bn to €77.9bn * link
94 03-Dec-15
PB: Announcement regarding the admission to trading of the New Shares following the completion of the share capital
increase 08.12.2015
link
95 06-Dec-15 Law No. 4352 / Ratification of the State Budget of the Fiscal Year 2015 link
96 08-Dec-15 ESM approves €2.71bn disbursement to recapitalise National Bank of Greece * link
97 08-Dec-15 IFC acquires shares of total €150mn (Alpha Bank: €60mn, Eurobank: €50mn, Πειραιώς: €20mn, Εθνική: €20mn) * link
98 14-Dec-15
Concession Agreement for the Upgrade, Maintenance, Management and Operation of the 14 Greek Regional Airports
between Hellenic Republic (HRADF) and Fraport AG
link
99 15-Dec-15
Law No. 4354 / Non-performing loans management, wage provisions and other urgent provisions concerning the
implementation of the fiscal goals and structural reforms agreement.
link
100 17-Dec-15 Reduction of the ELA-ceiling by €2.1bn to €75.8bn * link
101 18-Dec-15 Transfer of Cooperative Bank of Peloponnese Coop Ltd deposits to the National Bank of Greece S.A. * link
102 22-Dec-15 Sale of Finansbank A.S. (NGB) to Qatar National Bank S.A.Q. for €2.75bn (liquidity increase of €3.5bn) * link

11. History Channel
Economic Research & Investment Strategy
2015
Date Links
103 22-Dec-15
Eurobank Ergasias S.A. agrees to dispose 80% of the share capital of Eurolife ERB Insurance Group Holdings S.A. to Fairfax
Financial Holdings Limited
* link
104 22-Dec-15 ESM approves €1 billion disbursement to Greece link
105 23-Dec-15 Disbursement of €1bn link
106 31-Dec-15
New agreement has been signed for the development of of the "Astir Palace Vouliagmeni SA" by Jermyn Street Real Estate
Fund IV LP
link
[* ] Direct effect on PB.

12. History Channel
Economic Research & Investment Strategy
2016
Date Links
1 07-Jan-16 G.G. issue Β 6/7.1.16 "Legislation on restrictions on cash withdrawals and capital transfers" * link
2 14-Jan-16 Reduction of the ELA-ceiling by €3.8bn to €72bn * link
3 14-Jan-16 Remarks by J.Dijsselbloem following the Eurogroup meeting of 14 January 2016 link
4 14-Jan-16 G.Rice statement on IMF and Greece link
5 21-Jan-16 Reduction of the ELA-ceiling by €0.2bn to €71.8bn * link
6 21-Jan-16 ECB: Monetary policy decisions * link
7 25-Jan-16 S&P upgrades Credit Rating of Greece to "B-" from "CCC+"
8 03-Feb-16 Reduction of the ELA-ceiling by €0.3bn to €71.5bn * link
9 05-Feb-16 ECB explains the Agreement on Net Financial Assets - ANFA * link
10 11-Feb-16 Remarks by J. Dijsselbloem following the Eurogroup meeting of 11 February 2016 link
11 18-Feb-16 Reduction of the ELA-ceiling by €0.1bn to €71.4bn * link
12 18-Feb-16 Financial statements of the ECB for 2015 * link
13 07-Mar-16 Remarks by J. Dijsselbloem following the Eurogroup meeting of 7 March 2016 link
14 07-Mar-16 Eurogroup statement on Cypriot governmen's decision to exit its macroeconomic adjustment programme link
15 10-Mar-16 ECB: Monetary policy decisions * link
16 10-Mar-16 Unchanged ELA-ceiling at €71.4bn * link
17 11-Mar-16
Framework for the licencing and operation of specialist firms regarding the servicing or acquisition of delinquent loans (Law
No. 4354/2015)
* link
18 15-Mar-16 G.G. issue Β 684/15.3.16 "Legislation on restrictions on cash withdrawals and capital transfers" * link
19 17-Mar-16 Reduction of the ELA-ceiling by €0.1bn to €71.3bn * link
20 31-Mar-16 Cyprus successfully exits ESM programme link
21 03-Apr-16 IMF Managing Director Christine Lagarde Letter to Greece PM Alexis Tsipras link
22 04-Apr-16 Appointment of a Special Liquidator for all the credit and financial institutions under special liquidation * link
23 07-Apr-16 Reduction of the ELA-ceiling by €1.4bn to €69.9bn * link
24 08-Apr-16 Greece signs to sell a 67% stake of Piraeus port to China's Cosco Shipping Corporation Lmtd link
25 12-Apr-16 IMF: World Economic Outlook (Apr. '16) link
26 21-Apr-16 ECB: Monetary policy decisions * link
27 21-Apr-16 Reduction of the ELA-ceiling by €0.5bn to €69.4bn * link
28 05-May-16 Reduction of the ELA-ceiling by €0.3bn to €69.1bn * link
29 08-May-16
Law No. 4387 / Unified Social Security system - Reforms in insurance, pensions - Regulations on income taxes and gambling -
Other provisions
link
30 09-May-16 Remarks by K. Regling following the Eurogroup meeting of 9 May 2016 link
31 09-May-16 Remarks by J. Dijsselbloem following the Eurogroup meeting of 9 May 2016 link
32 09-May-16 Eurogroup statement on Greece (9.5.16) link
33 19-May-16 G.Rice statement on IMF and Greece link
34 19-May-16 Unchanged ELA-ceiling at €69.1bn * link
35 22-May-16 Law No. 4389 /Urgent measures for the implementation of fiscal targets agreement and structural reforms link
36 23-May-16 IMF: Greece : Preliminary Debt Sustainability Analysis-Updated Estimates and Further Considerations link
37 24-May-16 IMF: Excerpt from a Eurogroup Press Conference by P. Thomsen on Greece (24.5.16) link
38 25-May-16 IMF statement on Greece link
39 25-May-16 Remarks by K. Regling following the Eurogroup meeting of 24 May 2016 link
40 25-May-16 Remarks by J. Dijsselbloem following the Eurogroup meeting of 24 May 2016 link
41 25-May-16 Eurogroup statement on Greece (24 May 2016) link
42 26-May-16 Press conference by E. Tsakalotos & G. Chouliaras following the Eurogroup meeting of 24 May 2016 link
43 02-Jun-16 Reduction of the ELA-ceiling by €1bn to €68.1bn * link
44 02-Jun-16 ECB: Monetary policy decisions * link
45 08-Jun-16
Memorandum of Understanding (MoU) between HRADF and Lamda Development to update the sale contract for 100% of
shares of "Hellinikon SA"
link
46 09-Jun-16 1st Review of 3rd EAP - Compliance Report link
47 16-Jun-16
Technical Memorandum of Understanding accompanying the MoU of the ESM programme
(3rd EAP, published on 07.07.2016)
link
48 16-Jun-16 Supplemental Memorandum of Understanding (3rd EAP) link
49 17-Jun-16 ESM approves €7.5 billion disbursement to Greece link
50 21-Jun-16 Disbursement of €7,5bn (ESM) link
51 22-Jun-16 ECB reinstates waiver affecting the eligibility of Greek bonds * link
52 23-Jun-16 UK referendum to decide if UK should remain in the EU | UK citizens decided to leave the EU link
53 23-Jun-16 Reduction of the ΕLA-ceiling by €7bn to €61.1bn (at €65bn on 22.6.16 and at €61.1bn on 30.6.16) * link
54 24-Jun-16 Statement by the EU leaders and the Netherlands Presidency on the outcome of the UK referendum link
55 24-Jun-16 Press statement by D. Tusk on the outcome of the referendum in the UK link
56 30-Jun-16
Law No. 4404 / Ratification of the amendment of 24 June 2016 and codification in a unified text of the Concession
Agreement of 13 February 2002 between the Greek State and the Piraeus Port Authority S.A. and other provisions.
link
57 07-Jul-16 Reduction of the ELA-ceiling by €2.5bn to €58.6bn * link
58 21-Jul-16 Reduction of the ELA-ceiling by €1.4bn to €57.2bn * link
59 21-Jul-16 ECB: Monetary policy decisions * link
60 22-Jul-16 S&P confirms Credit Rating of Greece at "B-" (outlook stable)
61 22-Jul-16 G.G. issue Β 2282/22.7.16 "Legislation on restrictions on cash withdrawals and capital transfers" * link
62 30-Jul-16 EBA: Stress Test Results of European banks * link
63 12-Aug-16 Cosco is now a 51% shareholder of Piraeus Port (1st stage of acquisition is completed) link
64 02-Sep-16 Fitch: confirms Credit Rating of Greece at "CCC" link
65 08-Sep-16 Reduction of the ELA-ceiling by €4.4bn to €52.8bn * link
66 08-Sep-16 ECB: Monetary policy decisions * link
67 09-Sep-16 Remarks by J. Dijsselbloem following the Eurogroup meeting of 9 September 2016 link

13. History Channel
Economic Research & Investment Strategy
2016
Date Links
68 22-Sep-16 Reduction of the ELA-ceiling by €0.9bn to €51.9bn * link
69 23-Sep-16 IMF: Staff Concluding Statement of the 2016 Article IV Mission link
70 27-Sep-16 Law No. 4425 / Urgent measures for the implementation of fiscal targets agreement and structural reforms link
71 05-Oct-16 Reduction of the ELA-ceiling by €0.1bn to €51.8bn * link
72 08-Oct-16 Compliance note on mid-September milestones (2nd disbursement of 1st Review) link
73 10-Oct-16 Eurogroup statement on Greece link
74 20-Oct-16 ELA-ceiling remains unchanged to €51.8bn * link
75 20-Oct-16 ECB: Monetary policy decisions * link
76 21-Oct-16 EU: Note on arrears clearance monitoring (2nd disbursement of 1st Review) link
77 25-Oct-16 ESM approves €2.8 bn disbursement to Greece link
78 29-Oct-16 Klaus Regling's interview link
79 03-Nov-16 Reduction of the ELA-ceiling by €0.7bn to €51.1bn * link
80 17-Nov-16 Reduction of the ELA-ceiling by €0.2bn to €50.9bn * link
81 30-Nov-16 BoG: Report on Operational Targets for Non-Performing Exposures * link
82 05-Dec-16 Eurogroup statement on Greece link
83 07-Dec-16 Explainer on ESM short-term debt relief measures for Greece link
84 08-Dec-16 Reduction of the ELA-ceiling by €0.2bn to €50.7bn * link
85 08-Dec-16 ECB: Monetary policy decisions * link
86 09-Dec-16 Klaus Regling's interview link
87 12-Dec-16 ESM short-term debt relief measures for Greece link
88 14-Dec-16 Law No. 4444 / Ratification of the State Budget of the Fiscal Year 2017 link
89 15-Dec-16 EIOPA: Insurance Stress Test Report (8 greek insurance undertakings participated) * link
90 16-Dec-16 BoG: Interim Report on Monetary Policy 2016 * link
[* ] Direct effect on PB.

14. Disclaimer: This document is produced by the Economic Research & Investment Strategy Department of Piraeus Bank (hereinafter “the Bank”),
which is supervised by the Bank of Greece and is sent or provided to third parties, without any obligation of its author. This document or any part of
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aforementioned, the recipient of the information contained in this document should proceed with his/her own research, analysis, and confirmation
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proceeding with any investment decision making.
The information depicted in this document is relied on sources that the Bank considers to be reliable and is provided on an “as is” basis, however,
the Bank cannot warrant as to their accuracy and completeness. The opinions and estimates herein are related to the trend of the local and
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Might provide market making or underwriting services to issuers that might be mentioned in this document.
Might have published papers the content of which is different or incompatible to the information presented herein.
The Bank as well as the other Piraeus Group's companies have enacted, implement and maintain an effective policy, which prevents circumstances
that may give rise to conflicts of interests and the dissemination of any information among the departments (“chinese walls”) and they also
constantly comply with the provisions and regulations relevant to inside information and market abuse. Also, the Bank confirms that it doesn’t have
any kind of interest or conflict of interest with a) any other legal entity or person that could have participated in the preparation of the present
document and b) with any other legal entity or person that couldn’t have participated in the preparation of the present document, but had access to
it before its publication.
It is duly stated that: the investments described in the present document include investment risks, among which the risk of losing the entire capital
invested. In particular, it is stated that;
The figures presented herein refer to the past and that the past performance is not a reliable indicator of future performance.
In case the figures refer to simulated past performance, that past performance is not a reliable indicator of future performance.
The return on investments might be positively or negatively affected as a result of currency fluctuations, in case the figures are denominated in a
foreign currency (other than Euro).
Any forecasts in relation to future performance, may not be a reliable indicator of future performance.
The tax treatment of the information as well as transactions pertained in this document, depends on each investor's individual circumstances and
may be subject to change in the future. As a result, the recipient should seek for independent advice in relation to the applicable tax legislation.
The distribution of the present document outside Greece and/or to persons governed by foreign law may be subject to restrictions or prohibitions
according to the applicable legislation. Therefore, the recipient of the present should seek for independent advice in relation to the applicable
legislation, in order to look into such restrictions and/or prohibitions.