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  1. IMF examines where programme went wrong, what lessons were learnt
    Photo by Panayotis Tzmaros/Fosphotos

    EconomyProgramme

    ) with pension expenses rising significantly relative to GDP. In addition, VAT rate hikes may have... that resulted in reduced bond holdings subject to restructuring and contraction of nominal GDP

    6%
  2. IMF sees eurozone debt relief pledges failing to deliver sustainability
    Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]

    EconomyProgramme

    ). The Fund does not see any material revenues from the state’s holdings in banks. Official interest rate

    6%
  3. Lenders set out post-MoU framework with aim of securing reforms
    Photo via Flickr https://flic.kr/p/7sxCd6

    EconomyProgramme

    by eurozone central banks and the cancellation of the step-up rate of loans extended in 2012. The second...) will develop a strategy by the end of this year to sell its holdings in Greece’s systemic banks

    6%
  4. Eurosystem funding falls by 4.56 bln in June to 16.31 bln
    Photos by Dennis Skley via Flickr https://flic.kr/p/qcppmH

    EconomyMacroeconomy

    figure had declined at a much milder rate of 716 million. June’s reduction brings the total for central... of Greek banks’ EFSF holdings in the ECB’s quantitative easing (QE) programme. Interbank repos have

    6%
  5. Eurosystem funding down to 12.63 bln in August, banknotes in circulation rise slightly
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    at a much slower rate, dropping by 34 million euros MoM to 8.15 billion. In recent months, ELA... banks’ EFSF holdings in the ECB’s quantitative easing (QE) programme. Interbank repos have also

    6%
  6. European Commission approves 2019 budget, urges focus to meet end of year reform goals
    Photo by MacroPolis

    EconomyProgramme

    amounts stemming from central banks' holdings of Greek bonds under the Securities Markets Programme (SMP) and the Agreement on Net Financial Assets (ANFA), and a waiver of the step-up interest rate margin

    6%
  7. Brussels highlights lagging reforms ahead of decision on debt relief measures
    Photo by Sebastien Bertrand via Flickr https://flic.kr/p/7ZRenG

    EconomyProgramme

    interest rate margin for certain loans provided by the European Financial Stability Facility (EFSF... include the return of income from central banks' holdings of Greek government bonds under the Securities

    6%
  8. Lenders deem second post-MoU review over, Athens waits for debt relief
    Photo by MacroPolis

    EconomyProgramme

    interest rate.... the return of profits from central banks’ holdings of Greek government bonds under the SMP and ANFAs

    6%
  9. Debt relief measures move ahead as Athens prepares to use fiscal space
    Photo by MacroPolis

    EconomyProgramme

    the amount (3.7 billion euros) that is above the normal country quota and carries a higher interest rate... to the income earned on SMP/ANFA bond holdings. The total financial benefit of the measures agreed

    6%
  10. Fifth post-MoU review concludes successfully, EC highlights public investment, NPLs as areas of concern

    EconomyProgramme

    , and a 2.4 percent in 2020. The labour market improves, employment rises and the jobless rate is seen at 15.2... of releasing central bank profits from the SMP and ANFA holdings twice a year. The end of year goals

    6%