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How Greek banks were left on the brink
Agorathat 4.4 billion euro of money withdrawn from December until March was sent abroad. Of this, 80... (20 percent of household and corporate outflows until March) were placed, mainly from households... placed in the interbank market until December, for accessing liquidity from the ECB. Thus, their total
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Government acts to prevent energy price shock in move critics say comes too late
PoliticsGreek Politicsby as much as 400 percent. Until recently, the energy minister reassured consumers that prices in 2024... that the government’s hesitation to tackle energy price hikes up until this point is part of a pattern of behaviour... evidence of price manipulation, however its conclusions are not expected until the autumn. Healthcare
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Piraeus posts 7 mln net profit in Q2, NPE stock down for seventh straight quarter
EconomyBankingreduction target until Q1 by around 300 million and missed the respective NPL target by 600 million... 2017 until December 2019. This is expected to be driven by write-offs (5.9 billion), restructurings... thereafter until late August to 13.7 billion. The latter almost fully reflects a decline
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Stock taking: Where is the Greek economy now?
Agoragovernment budget during its term in office until 2019. When the conservative ND government took over...? The tragedy of Covid has interrupted the recovery of the domestic economy. Covid is not over until... by the promises of new reforms until we see productivity improving on trend. Any short-term result
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Deposits edged up in Nov but credit contraction was close to 4 pct
EconomyMacroeconomybillion euros, from 16.57 billion until April 2013, as developments in Cyprus, potential bail-in of bank... sentiment. Furthermore, a large part of total deposit outflows of 89 billion until June 2012 should..., is seen trimming deposit balances in the next months until recession bottoms out and the long-awaited
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Newsletter 28 - 29/05/2015
that the other issues cannot really be settled until there is a convergence on the fiscal targets... consultation until June 5, regarding the voluntary disclosure by taxpayers of undeclared capital... the other indicates that things can be smoothed over. Until we know the content of the agreement and how
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Greek banks' ELA ceiling lowered by 1 bln on improved liquidity conditions
EconomyMacroeconomythe provision of ELA to the banks of their country”. Until then, changes in the ELA limit were attributed... outflows of 7.58 billion, of which almost 70 percent were in the form of cash. Greek banks’ ELA funding was zero until December and sharply rose thereafter on huge deposit outflows of 44 billion until
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BoG looks at other programme exits and options available to Athens
EconomyProgrammebillion. According to the Commission, 17 billion euros is enough to cover funding needs until August 2019 and 20.3 billion to last until the end of 2019. The BoG also argues that it is imperative... the ECB to maintain the waiver for Greek government bonds until they regain investment grade
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Focus of discussion for lenders moves to debt relief, post-MoU framework
EconomyProgrammewith 48 billion euros, whereas its funding needs until the end of 2020 are between 44 and 45 billion... being followed by the government means that Greece will be fully funded until the end of 2020... days. The mission is not expected to return to Athens until early May. Its aim will be to secure
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Tsipras sticks to pre-election pledges as eurozone negotiations loom
PoliticsGreek Politicsa moratorium on all of his planned measures until the summer, by when a comprehensive agreement between... have proposed until now. He repeated Athens’s desire for a “bridging agreement” that would tide Greece over until the summer. As mentioned before, the SYRIZA-led coalition wants the go-ahead to issue
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