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Newsletter 14 - 06/02/2015
the temporary arrangement is in place. The broader agreement, to be clinched before Greece has to pay 6.7 billion euros held by the European Central Bank in the summer, will likely consist of a package... the European Commission, European Central Bank and International Monetary Fund in Greece
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After Eurogroup, hard work, more pressure and sliver of hope for Greece
PoliticsGreek Politicsis of the essence for the coalition as it only has cash to pay its obligations for the next few... from the European Central Bank, the International Monetary Fund and European Commission will have... decision rests with the European Central Bank. The ECB does not necessarily have the final say
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Greece: The moment of truth is inexorably approaching
Agora-based solutions. Therefore, the risk of an internal default due to the inability to pay salaries... to be organized before the payment is due for the first of the two bonds held by the European Central Bank and eurozone national central banks (20 July). A less likely option is calling new elections. This would
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ECB's negative opinion on foreclosure bill creates another obstacle in bailout talks
EconomyProgrammeincome up to 35,000 euros are obliged to pay a monthly instalment equal to 10 percent of monthly income...There has been no official response from the Greek coalition to the European Central Bank (ECB... debtors in real need.” As a result, the central bank believes they create moral hazard and undermine
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Greece eyes temporary solution to liquidity problem from Brussels Group talks
PoliticsGreek Politicsto pay pensions emphasised the dangers of the state’s weak liquidity position and seems to have acted... the European Commission, European Central Bank, European Stability Mechanism and the International Monetary... Journal reported on Thursday that ECB executive board member Benoit Coeure has indicated the central
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Eurogroup leaves Greece in limbo, with liquidity drying up
PoliticsGreek Politicswith the cash to pay its creditors as well as salaries and pensions. Athens revealed on Tuesday... lenders that Athens hopes will be enough to avert any decision from the European Central Bank... liquidity or to start easing the limits that are in place. All the indications are that the central bank
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Greece sees deal by June 5 but size of gaps tells different story
PoliticsGreek Politicsto the IMF, which total around 1.5 billion euros. If Athens were able to do this, and pay the Fund... for an increase in Emergency Liquidity Assistance from the European Central Bank. However, it is clear that the 3 billion-euro liquidity buffer the central bank possesses to help cover a deposit
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The main political scenarios ahead for Greece should it reach a deal with lenders
PoliticsGreek Politicsit and complete the review in order to receive the funds it needs to pay the two bonds totalling 6.7 billion euros held by the European Central Bank, which mature in July and August. It is unlikely... with lenders. This would be similar to the PASOK-New Democracy-LAOS interim government led by ex-central
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Newsletter 33 - 03/07/2015
of the month to pay their monthly tax obligations. July is a critical month for budget revenues since... is unlikely to en masse favour being part of a national emergency government. The other possibility..., outflows of 12.8 billion were recorded. Data from the central Bank of Greece showed that the value
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Agreement creates array of political challenges for Tsipras, who must move fast
PoliticsGreek Politicsthen so it is unclear how Tsipras will be able to pay the European Central Bank-held bond maturing...-central bank headed an interim government. However, 17 SYRIZA MPs failed to vote in favour
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