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The alternative of (tax-based) capital controls for Greece
Agorawith the rest of the EZ cannot be reached soon. A more probable outcome is the imposition of capital controls with the discontinuation of ELA. These capital controls would provide ample time for the Greek... or outside the euro. More likely, capital controls could end up being long-lasting in the case of Greece
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BoG urges banks to improve quality of capital, re-doubles SPV efforts
EconomyBankingportfolio and the composition of the capital structure that largely constitutes of deferred tax credits... reflected positively on the country’s banking system, leading to the complete lifting of the capital.... The deposit base is also improving as deposits return. The lifting of capital controls is expected
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Bond issued for capital support of Greek banks in 2009 reaches maturity
Economyof Understanding with the troika, the Greek government passed a bank liquidity and capital support bill (Law 3723/2008). This consisted of two pillars: The first related to capital enhancement of up... billion euros. The capital support for banks was implemented as a capital increase with the issue
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Capital controls in Greece? A response to Professor Sinn
AgoraWhile capital controls might be an appropriate intermediate solution for Greece as argued... a capital controls regime for Greece, since the cost of a funded capital controls regime is lower than Grexit. In fact, capital controls are a likely intermediate outcome as they would isolate the Greek
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Fitch puts Greek banks' capital needs between 11.2 and 15.9 bln
Economyto be counted as core capital. Fitch examines two scenarios in its July 24 report to determine Greek banks’ capital needs, which are projected at 11.2 and 15.9 billion euros respectively under... to continue to qualify as core capital. 5) Target Common Equity Tier 1 (CET1) ratio at 12 percent
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Capital controls to be abolished ahead of schedule
EconomyBankingwith the full lifting of the capital controls that have been in place in Greece since the summer of 2015. Speaking in parliament at the start of the week, Mitsotakis said that the damaging capital controls... and banking system”. The lifting of capital controls had been indicated in New Democracy’s election campaign
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Piraeus and Alpha forge ahead with share capital raises and securitisations
EconomyBankingcapital increase of 1.38 billion euros, following a three-day book-building process that priced the 1.2... that will proceed with a share capital increase of 800 million euros. The Extraordinary General Meeting... pct of the share capital has declared its intention to participate in the share offering
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Greek banks' potential capital shortfalls set to be reduced by more than 2.5 bln
Economyin order for the resulting capital benefits to banks to be incorporated in the ECB-EBA stress tests. According to our initial estimate a month ago, the capital cushion would reach 2.3 billion euros... Equity Tier 1 (CET1) capital. The new legislation related to the conversion of DTA to tax credit, which
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What capital controls will mean for Greek banks, customers and the economy
Economyof capital controls via a legislative decree. During the bank holiday, which may later be extended.... The legislative decree clarifies that pension payments are excluded from capital controls, with further... interbank transfers · Ban on movements of capital offshore · Potential restrictions
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Capital controls to be loosened further, restrictions on foreign cash removed
EconomyMacroeconomyAdditional measures to ease the capital controls in place in Greece since 2015 were announced... Tsakalotos had approved a decree which sets out several steps to loosen capital controls. It aims... of a roadmap to ease and eventually lift capital controls, announced on May 17, 2017. The roadmap
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