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In effort to reach new deal, Greek government cannot ignore liquidity constraints
EconomyProgrammeof Emergency Liquidity Assistance (ELA) funding to Greek banks. The initial approval was granted on January 21... systemic Greek banks for precautionary purposes, including National Bank (NBG) which has... decision back in March 2013. The cash value of ECB funding that has been utilized by Greek banks
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After Schaeuble talks, Greek gov't still focussed on ditching existing bailout
PoliticsGreek PoliticsA meeting between Greek Finance Minister Yanis Varoufakis and his German counterpart Wolfgang... that Greece was due to receive. Schaeuble encouraged the Greek finance minister to continue working... of bonds come due in summer). This, the Greek finance minister said, would give Greece and its
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Greek banks' Eurosystem funding at 13-month high of 104.2 bln in Feb as ELA rises
EconomyMacroeconomyAs expected, Greek banks’ Eurosystem funding climbed by another 16.77 billion euros month on month... to lift the waiver on Greek government securities effective as of February 11. The affected collaterals relate to pillar II and pillar III bonds, T-Bills and Greek government bonds. b) Continued deposit
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Greek negotiations: A marathon that has yet to run its course
Agoraits end game, one way or the other. To the spectator in the theatre of Greek and European politics... of how not to carry out negotiations. In the meantime, many of the key players, notably on the Greek side... for because of their lack of progress or competence, depending on which member of the Greek government
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Greek stocks down by 4.77 pct as bond yields head further north
EconomyThe Greek stock market plunged for the third straight day on Tuesday, when it fell by 4.77 percent in the absence of any interest in Greek shares as investors believe that an agreement with lenders... any concrete conclusion on the Greek issue. Press reports indicate that an extraordinary European
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Eurosystem funding for Greek banks up by 3.56 bln in May to reach 116.4 bln
EconomyMacroeconomyGreek banks’ Eurosystem funding increased for the eighth straight month in May but at a slower pace... entirely made up of EFSF bonds that Greek banks had received before two years during their first... billion euros. Since the beginning of April, the ECB is assessing the ELA limit for Greek banks
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Study indicates bias in German media coverage of Greek crisis
SocietyGerman media reports on the Greek debt crisis have been characterised by bias and superficiality... union federation DBG, the report found that members of the Greek government were invariably represented in a negative light. Researchers at the University of Würzburg based the study on the Greek
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Access to finance remains far bigger problem for Greek SMEs compared to euro area peers
EconomyMacroeconomyin March 2016 showed that Greek SMEs continue facing the most notable obstacles in financing among... the lowest and well below the euro area average of 17 percent. On a scale of 1 – 10, Greek SMEs..., in contrast to other countries that showed a widespread improvement, Greek SMEs recorded a deterioration
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Added layer of complexity to Greek-Turkish relations in wake of failed coup
PoliticsForeign Policyin Turkey on July 15 in the hope that the EU will adopt a common line vis a vis Ankara. Greek government... in Athens, the EU and NATO share the same concerns as the Greek government. Both institutions believe... been a slight increase in the flow of refugees from Turkey since mid-July, which the Greek government
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Greek health care spending in the spotlight
EconomyFeaturesThe world of Greek politics is being consumed by a price-fixing scandal centred on the Swiss pharmaceutical company Novartis, and its alleged links to senior Greek politicians between 2006-2015. Ten... accepted a total of 50 million euros in kickbacks from the Greek subsidiary of the pharma giant
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