the European Central Bank requesting approval to repurchase the contingent convertible bonds (CoCos) amounting to about 2.03 billion euros issued in December 2015 and held by the Hellenic Financial Stability Fund (HFSF). The request is in line with NBG’s Capital Plan, as approved by the SSM in November 2015, and the commitments stemming from NBG’s updated restructuring plan, as approved by the European Commission in December 2015.
Albania’s Prime Minister Edi Rama yesterday criticized foreign countries for interfering in the politics of the West Balkan states at a time of widespread concern about Russia’s influence. Rama did not mention Russia by name but diplomats from the region have complained for some time that Russia is trying to boost its influence in countries such as Montenegro, Serbia, the Former Yugoslav Republic of Macedonia and now also Albania. “In our region people from abroad who will... exploit any uncertainty to ruin our relations with the EU are active,” he said at a news conference in Berlin before meeting German Chancellor Angela Merkel.