People walk near an ATM machine in central Athens, Greece July 8, 2015. NEWS.GNOM.ES/Cathal McNaughton
LONDON (NEWS.GNOM.ES) – Greek banking stocks could rise 90 percent from current levels and yield premiums over German benchmark bonds narrow if Greece and its creditors can reach a deal on releasing new bailout funds and debt relief, Morgan Stanley said on Wednesday.
The broker upgraded Greek bank stocks to “overweight”, saying current valuations did not reflect the compression in bond yield spreads that would follow a deal with Athens’ lenders and took an overly pessimistic view on the banks’ return on equity targets.
Passing the review would pave the way for Greek bonds to be eligible for the European Central Bank’s bond purchase program, the lifting of capital controls and an eventual economic recovery, Morgan Stanley said in a note.
“It won’t be easy, and it’s likely to be far from smooth,” the banks’ analysts said. However, they see passing the review as the most likely outcome.
Sources told NEWS.GNOM.ES earlier this week that no deal was likely at a special meeting of euro zone finance ministers on May 9.
International lenders have asked Greece to prepare a package of additional savings measures which would be passed into law now but implemented only if needed, to make sure the country reaches agreed fiscal targets.
(Reporting by Vikram Subhedar Editing by Jeremy Gaunt)
ORANGEBURG, N.Y. , May 4, 2016 /NEWS.GNOM.ES/ — PDII announced the appointment of Matthew Gattuso as Executive Vice President, PDII & President, PDI Infection Prevention. In this role, Matt will oversee PDII’s Healthcare and Sani-Professional® organizations. This senior leadership role will continue to accelerate the Company’s evolution as an infection prevention solutions provider. Continue reading
However, when we spoke to moms this year, they had a different story to say. All confessed to have made some odd mistake which hampered their relationship with their child and how they went about mending the same. Continue reading
WASHINGTON , May 4, 2016 /NEWS.GNOM.ES/ — AARP today announced the launch of Dare to Disrupt month, as the organization accelerates its efforts to #DisruptAging, which focuses on replacing negative and inaccurate stereotypes that exist about aging with a realistic and positive representation of what aging has come to mean. “When most people who are in their 50s, 60s or 70s today compare themselves to their parents when they were their age, they see lots of contrasts,” said AARP CEO Jo Ann Jenkins , whose debut book, Disrupt Aging , was released in April. “Of course there are similarities, too, but the point is, the concept of aging – what aging ‘means’ and looks like – has changed a lot, even from what it was a generation ago.” “However, our collective attitudes about aging haven’t changed very much — and they’re often disconnected from reality in ways that don’t serve anyone,” Jenkins said. “Disrupt Aging seeks to help change that and our Dare to Disrupt month is a rallying cry to change the conversation around aging.” Disrupt Aging, the Book In her newly released national bestseller, Disrupt Aging: A Bold New Path to Living Your Best Life at Every Age Jenkins chronicles her journey, as well as those of other age disruptors, and focuses on three core areas – health, wealth, and self – highlighting the need to rethink aging policies and practices in America, shatter negative social stereotypes about age, as well as re-imagine our own lives to better navigate life transitions Continue reading
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