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Greek banks see Eurosystem funding drop to lowest level since 2009 in September
EconomyMacroeconomyGreek banks’ Eurosystem funding dropped by another 2 billion euros in September, reaching 42.57... ratio of Greek banks’ Eurosystem funding to total assets stood close to 13 percent in June.... Those guarantees were initially issued in 2008 (and renewed later) by the Greek state under a bank
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ECB stress tests and what they will mean for Greek banks
Economyafter December 31, 2013, which is the case for Greek banks. These involve the plans approved... and the dynamic model) will be the binding figure for Greek banks. Local media and market sources have recently indicated that Greek banks capital needs may top 1.5 billion euros, a figure that most likely
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New Greek cabinet a mixed bag, prompting hope and concern
PoliticsGreek PoliticsThe new 41-member Greek cabinet – a mixed bag in terms of politics and reputations – was sworn... minister. Varoufakis is known for his outspoken criticism of the Greek bailout programme since 2010 even... the Greek crisis in a different manner and has recently suggested linking Greece's debt repayments
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S&P acts in wake of ECB decision and downgrades Greek rating to B-
Economy, by the European Central Bank decision to lift the waiver on the eligibility of Greek government bonds... programme beyond its expiration on February 28. In S&P’s view, the liquidity constraints of the Greek... the Economic and Monetary Union, according to the rating agency. S&P notes that Greek banks will be able
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Tsipras Berlin visit brings some relief on Greek bond, stock markets
EconomyGreek stocks rose for the third straight session on Tuesday, when they increased by 3.66 percent... Eurogroup decisions and the improvement of relations between the Greek government and its lenders... gains of almost 10 percent over the past three sessions. However, Greek shares have fallen 5.5 percent
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Greek stocks, bond yields show effects of worsening mood regarding country's prospects
EconomyThe Greek stock market slumped 3.85 percent on Tuesday as the recent optimism that Greece would... to a surplus of 1.2 – 1.5 percent recently targeted by the Greek government. The negative outlook was also... of 0.5 percent in 2015 compared to the 1.4 percent forecast by Greek authorities. The General Index
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Fitch puts Greek banks' capital needs between 11.2 and 15.9 bln
Economyof July 12 for Greek bank recapitalisation should be sufficient unless deferred tax assets (DTA) cease... Greek banks’ capital needs, which are projected at 11.2 and 15.9 billion euros respectively under... valuation adjustment to Greek sovereign debt holdings (19.7 billion) broadly in line with the haircut
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The ins and outs of the Greek bank recapitalisation process
Economyon the recapitalisation process for Greek banks. The Eurogroup statement of August 14 sprung...-in is effective as of 1 January 2016. Since the Greek bank recapitalisation process should be completed by the end... and then senior debt bondholders and uninsured deposits (of over 100,000 euros). For Greek banks
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Greek bank recapitalisation: The story so far and what lies ahead
EconomyThe Greek bank recapitalistion process will be one of the most pressing issues that the new... by the European Central Bank (ECB) for the first time – that will determine the capital needs of Greek banks... announcement is reportedly scheduled for the second half of October. Over the last two years, Greek
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Where we stand in the Greek bank recapitalisation process
EconomyThe recapitalisation of Greek banks remains at the forefront of domestic banking and economic... exercises will determine the potential capital shortfall of Greek banks. The resulting capital needs... assumptions, stricter criteria would also translate into a better shield for Greek banks against potential
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