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The state of play with Greek banks' liquidity
Economydecision on the extension relates to the same (10 billion) or a higher amount. The cost of ELA currently stands at 1.55 percent, 150 basis points above the respective ECB funding cost of 0.05 percent
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ECB refuses Greek government bonds as collateral: What does it mean?
Economypreviously non-ECB eligible. However, their funding cost through the ELA will be higher at 1.55 percent, 150 basis points above the ECB funding cost of 0.05 percent. Although Greek banks may cover
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What are the implications of the ECB's decision for Greek banks?
Economyfor funding. Bear in mind that the funding cost through the ELA is higher (1.55 percent), 150 basis points above the ECB funding cost of 0.05 percent. However, it is still lower than the average time
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The alternative of (tax-based) capital controls for Greece
Agoraisolate the Greek system and impose a minimal cost to the creditors as compared to the potential negative... greater cost for Greece than capital controls, it would be unlikely for Greece to go through
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Greece's extension proposals to the Eurogroup and what they mean
PoliticsGreek Politicsimpact of the crisis at a cost of 1.86 billion euros. But this is not explicitly stated 2... billion would be used to fund its 3-pillar programme with a total estimated cost of 11.36 billion
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Greece sets out broad reform plan for lenders' approval
EconomyProgrammeand reallocation of poorly deployed resources. In addition, Greece committed to identify cost saving measures... not have any negative fiscal effect. Bear in mind that the estimated cost of the SYRIZA’s first
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Eurobank posts loss of 94.4 mln in Q1 as NPLs, Eurosystem funding rise
EconomyMacroeconomyfunding and government guarantees’ (pillar II) cost. The bank said the bulk of the NII... fell 59 percent QoQ and 37 percent YoY to 302 million with the cost of risk easing to 2.3 percent
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National Bank posts losses of 159 mln in Q1 2015
EconomyBankingis attributed to higher Emergency Liquidity Assistance (ELA) funding cost. The Greek deposit spread... owed to cost cutting in Greece and the SEE. Compared to Q1 2014, the headcount was reduced by 900
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Court orders 2012 pension cuts to be reversed, costing up to 1.5 bln
Economyreforms related to cost savings required by the institutions of 1.8 billion (1 percent of GDP.... The retroactive amount was due to be paid in 36 monthly installments, with the cost of 415 million
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Greek talks go down to the wire as IMF raises major objections
PoliticsGreek Politics. The IMF requests pension cost savings up to 0.5 percent of GDP for 2015 compared to 0.37 percent... to cover the anticipated annual cost of up to 1.5 billion that resulted from the recent Council
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