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Greece's extension proposals to the Eurogroup and what they mean
PoliticsGreek Politicsof debt relief to one of lesser importance. The demand for some form of debt reduction has been SYRIZA.... Varoufakis has indicated over the last few days that the government would seek to lower fiscal... for the Eurosystem’s Greek government bond holdings (20 billion) and EFSF loans (142 billion
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Greek debt falls to 312.7 bln in Q1 after return of EFSF bonds
Economy. The total debt stock has a weighted average residual maturity of 15.67 years, slightly lower than... of outstanding debt has a residual maturity of more than 5 years, fully attributed to FSN loans, while 13... and roll-over of foreign investors’ T-Bill holdings. The outstanding amount of state guarantees, excluding
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Greek QE eligibility? We're not there yet
Agoraimplementation. Greece has been in a new programme since mid-August so the key question going... analysis (DSA). This adds a new hurdle Greece has to overcome to become QE eligible. Issuer limit... to ECB holdings and 7.31 billion to NCBs. However, a maturity restriction is also in place. This means
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Eurosystem funding falls below 100-bln mark for first time since Jan 2015
EconomyMacroeconomy. Since last June, Eurosystem funding has been cut by 27 billion. Around 20 billion euros of this relate... in circulation was recorded last June at 50.48 billion euros, while has dropped by 2.66 billion since... of those bonds only for participation of those bond holdings in the quantitative easing (QE) programme
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HFSF General Council appoints interim CEO and Deputy CEO
EconomyBankingand Deputy CEO has to be ratified by the Eurogroup Working Group. Stratos is non-executive member..., HFSF has to facilitate and assist the NPL resolution and coordination of stakeholders, to enhance... of HFSF bank holdings sharply fell from 11.62 billion at the end of 2014 to 2.38 billion at the end
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Eurosystem funding drops by another 4.3 bln in July, largely on reduced ELA reliance
EconomyMacroeconomyfunding has been reduced by 43.73 billion euros from the recent peak of 126.57 billion posted... noted, the ongoing reduction in ELA funding balance has a positive impact on Greek banks’ net..., participation of banks’ EFSF holdings to ECB quantitative easing (QE) programme and ongoing loan
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HRADF declares international consortium highest bidder for 67 pct stake in Thessaloniki Port
Economyof 70 percent on OLP’s closing price at that time. It is pointed out that OLTH’s share price has gained 16.9 percent in the year to date outperforming the Athens Stock Exchange general index, which has... Holdings International, the largest public port operator in China, which holds the remaining 49
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Eurosystem funding drops by 2.7 bln in June on reduced ELA liquidity
EconomyMacroeconomyof the first programme review, central bank funding has fallen by 41.46 billion, with just over two thirds of this decrease attributed to lower ELA funding. Furthermore, Greek banks’ Eurosystem funding has... applied on ELA collateral, participation of Greek banks’ EFSF holdings to ECB quantitative easing (QE
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Eurosystem funding drops by 4.58 bln in January, banknotes in circulation fall
EconomyMacroeconomyhas been steadily falling with the latest reduction coming on March 8, when the ECB announced... collateral, along with improved market access. Eurosystem funding to Greek banks has declined..., participation of Greek banks’ EFSF holdings in the ECB’s quantitative easing (QE) programme, increased
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Eurobank to merge with Grivalia Properties and create SPV to cut bad loans
EconomyBankingOne of Greece’s four systemic banks, Eurobank, has announced shortly after releasing its third... of a share-swap transaction. The value of the deal has not yet been publicly disclosed. Grivalia is 51.4 percent owned by the Canadian investment company Fairfax Financial Holdings, which also owns 18.2
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