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Debt relief or debt restructuring for Greece?
Agoraafford to wait that long. Nor can a eurozone member state be excluded from international capital... result was the implosion of the banking sector and the first-time introduction of capital controls...-offs that banks incurred. Post PSI they had negative capital on their balance sheets. In stark contrast
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On Portugal, PSI and a national salvation pact
AgoraFounded in October 2011, Tortus Capital pursues an opportunistic investment strategy across the capital structure, focusing on sovereign credit, corporate credit, equities, and special situations... returned to capital markets with a bond syndicated tap to create a specific website http
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Alpha Bank posts loss of 94.1 mln in Q1
EconomyBankingand large business sector. The bank noted that the shift of Greek large companies to the debt capital... securitisation of shipping loans, issue of covered bonds and tapping capital markets. The bank’s pro-forma (for the capital increase of 1.2 billion completed in April) Basel III Core Tier 1 (CET1) ratio
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HFSF 2013 annual report unveils accumulated losses of 15.1 bln and potential recovery value of 34.4 bln
EconomyBankingpaid-up capital of 49.7 billion. The difference of the two figures primarily stems from...: a) an increase in capital by 7.2 billion, from the last tranche of EFSF notes HFSF received at the end... by the four systemic banks in December 2012 for their capital advance. On the cost front, personnel
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UnLuCky for some: Another painful lesson from the euro crisis
Agoralevel and that capital flows would lead to a convergence of income levels within the euro area. Current... this sales pitch: When the crisis stuck and there was a classic case of a sudden stop of capital flows... for exporters, who in the absence of a functioning banking system to finance working capital were starved
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Finance Ministry challenges SYRIZA's plans for economy, ups cost
Economy’ capital. Taking into account that the state’s average stake in the four recapitalized banks stands...), reallocation of the Hellenic Financial Stability Fund (HFSF) capital buffer (3 billion... result in a rapid capital and deposit flight abroad with a consequent negative impact on confidence
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Does Greece need a third programme?
Agorabond markets in April after a three-year forced hiatus. Being able to regain access to such capital... such as the European Stability Mechanism think about Athens’ determination to spend considerable political capital... political economy it is necessary to broaden the focus of current deliberations in various capital
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Managing an orderly Greek exit from the memorandum
Agorathink about Athens’ determination to spend considerable political capital on such an exit strategy... to refinance itself through international capital markets in 2015 is a high-risk strategy. More importantly, in the course of 2014 Greece returned to international capital markets twice, first in April
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Conditions for Greek ECCL reportedly outlined in German document
EconomyProgrammebonds currently held as capital buffer by the Hellenic Financial Stability Fund (HFSF). Based on the HFSF’s 9-month financial statements, its capital buffer amounted to 11.6 billion euros... in the current account balance. 5) Access to capital markets. Despite the issues of 3- and 5-year bonds until
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How SYRIZA says it will fund its economic policies
Economyby the following four funding sources: 1) Utilization of the Hellenic Financial Stability Fund (HFSF) capital... of this backstop facility would be used for the cost of capital for a new intermediary body to manage... capital for anything other than bank recapitalisation requires approval by the Eurogroup as well as from
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