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To Potami tries to quash speculation about stance on Prespes Agreement
PoliticsGreek Politicsin SYRIZA governing partner, Independent Greeks (ANEL). It was announced on Thursday by the nationalist party that Deputy Foreign Minister Terence Quick has been ousted from ANEL. The reason for this move was that Quick, who is responsible for diaspora issues, disagreed with ANEL leader and Defence
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Bomb blast fuels political clash as ND limits Tsipras's options on name deal
PoliticsGreek PoliticsGroup Yiannis Alafouzos accused SYRIZA and its junior coalition partner Independent Greeks (ANEL... ANEL, had recently expressed surprise that some media groups had not been “blown up.” His comment... settlement. Tsipras is hoping that four MPs from To Potami, a couple from ANEL and perhaps some
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Tsipras looking to build momentum for elections after vote on name deal
PoliticsGreek Politicsfrom Thanassis Papachristopoulos and Elena Kountoura of Independent Greeks (ANEL), even though... out of the government when the Prespes Agreement is tabled. In fact, the withdrawal of ANEL... on the Prespes Agreement will be held earlier than March. Reshuffle ANEL’s departure means that the SYRIZA
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Tsipras halts bid to help smaller parties amid opposition criticism
PoliticsGreek Politicslike To Potami and Independent Greeks (ANEL). The former has been left with just four MPs after recent defections, while ANEL has six. The proposal prompted an immediate outcry from New Democracy... to keep the political hopes of his former coalition partner, ANEL leader Panos Kammenos. There were
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SYRIZA cites support of six extra MPs as sign of stability, opposition protests
PoliticsGreek Politics(ANEL) and its leader, Panos Kammenos, from the coalition was written on Monday night, when it emerged... of the MPs are independents, while two are members of ANEL’s parliamentary group. It is a highly... to the administration in such a way. In fact, there is a further oddity concerning the two ANEL MPs
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ECB refuses Greek government bonds as collateral: What does it mean?
EconomyAssistance (ELA) mechanism. According to the latest official BoG data, Greek banks' ECB funding... still be used for ECB funding. In addition, Greek banks can resort to the ELA mechanism for funding... previously non-ECB eligible. However, their funding cost through the ELA will be higher at 1.55 percent
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Another euro stitch unpicked
AgoraClub” days, the ECB now admits that ELA is available and will step in to take the place... and fully protected through its access to ELA,” said the Finance Ministry. As long as Greek banks are able to maintain access to liquidity through ELA then there is no reason for panic at home
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The ECB's strict rules apply if you dare not comply
Agoraprogramme, two times on the Emergency Liquidity Assistance (ELA) that Greek banks resorted to after the ECB... for the end of April." The ECB is drip feeding Greek banks with liquidity via the ELA provided by Bank of Greece, and with the cap on T-bills issuance as well as the threshold of those that it accepts as ELA
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Eurobank posts loss of 94.4 mln in Q1 as NPLs, Eurosystem funding rise
EconomyMacroeconomyat 463.2 million. However, net interest income (NII) fell 5.4 percent QoQ to 372.8 million on higher ELA.... As expected the bulk (20.8 billion) relates to Emergency Liquidity Assistance (ELA) funding..., the international buffer cannot be transferred to Greece. The breakdown of ELA eligible collateral pool
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Deposit outflow rises to 4.7 bln in April as balances drop to lowest since Sept 2004
EconomyMacroeconomy-November figure of 44.85 billion. Two-thirds of Central Bank funding relate to ELA funding (74.4... bonds. On Wednesday, ECB decided to keep the ELA limit for Greek banks unchanged at 80.2 billion. On the end-April ELA used amount of 74.37 billion, the new ELA limit corresponds to a rise by 5.83
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