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Referendum call finds Greek banks teetering on the edge
EconomyAssistance (ELA) funding from zero in December to 77.58 billion at the end of May. Taking into account... making up a large part of ELA funding) are no longer ELA eligible. It was clear from the beginning.... Since then, the ECB governing council approved an increase in the ELA limit for Greek banks by 7.6
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Eurogroup inconclusive on new Greek proposals but opens path for agreement
PoliticsGreek Politicsthe Emergency Liquidity Assistance (ELA) to Greek banks. However, as happened on Monday, this may... for the third time over the past five days the ELA limit for Greek banks. The amount was not disclosed..., finding policies they disagree with. This could prove a particularly corrosive process within SYRIZA
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Greek deposits fell by 7.7 bln in Feb and total of 24.6 bln since Dec
EconomyMacroeconomyof this amount (65.6 billion) relates to ELA funding and the remaining 38.6 billion to ECB funding almost entirely comprised by EFSF bonds. The ECB raised on Wednesday the ELA limit for Greek banks by 1.3...-financial companies. Another important finding disclosed by Greek banks is that three quarters
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Eurogroup leaves Greece in limbo, with liquidity drying up
PoliticsGreek Politicsby Greek banks for emergency liquidity (ELA). However, Eurogroup chief Jeroen Dijsselbloem stressed... consequences. The governing council decided on Tuesday to increase Greece's ELA limit by 1.1 billion... to make alternative proposals in these policy areas. Beyond Greece and its lenders finding common ground
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North Macedonia's road to Brussels: Breaking the vicious cycle
Agoraway, the EU is a necessity for the region. Finding complementary, facilitating, alternative.... In addition to bilateral stabilization and association agreements, there are also regional agreements... to "import" bilateral disputes. To break the vicious circle, the Balkans' offer of EU membership must
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Athens aiming to boost EU-Balkan momentum
PoliticsForeign PolicyGreece and North Macedonia and bilateral relations are improving, as evident during the visit... government is aiming to enhance both bilateral relations with the Balkan countries and to make up..., archaeological and educational issues is proceeding slowly, while the committee tasked with finding a solution
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Athens stands by Israel, hopes for de-escalation
PoliticsForeign Policyin Oman, it is also clear that Athens is in favor of finding ways that will prevent a widespread.... The issue - which is mainly of a bilateral nature- has taken a European dimension as Athens has warned... treating the issue as a bilateral spat that “needs to be resolved between the two respective countries
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Newsletter 69 - 08/04/2016
on Thursday that the ECB lowered the emergency liquidity assistance (ELA) limit for Greek banks by 1.4 billion to 69.9 billion euros. Since mid-August, the ELA cap has been slashed by 21.1 billion... is the biggest gain for the Greek government, which is finding it increasingly difficult to deal
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Athens prepares new primary residences proposal after finding common ground with banks
EconomyProgrammeThe Greek government and local banks are reportedly making progress in their discussions about how to replace the Katseli law, which expires at the end of the month, with a new framework for protecting primary residences from foreclosure. The two sides ...
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PMI at 54.2 in Feb as new clients and overseas orders spur growth
EconomyMacroeconomyGreece’s manufacturing PMI increased to 54.2 points in February from 53.7 points in January, staying over the 50-mark threshold for close to two years. PMI noted that the latest reading was the best since May 2018. It also stood above the long-run serie...
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