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The lenders proposals on debt and funding needs that Greeks will vote on in referendum
EconomyProgrammeaccount to cover debt servicing (payment to the IMF of 1.6 billion due on June 30). 2) The second... to a segregate account to cover August debt obligations (redemption of GGBs held by the ECB of 3.2 billion due
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What the ECB's latest decision on ELA and collateral haircuts means for Greek banks
Economyof total ELA-eligible collaterals, at 45 and 30 percent of total respectively. Taking into account... by Eurobank at 8 billion and Alpha at 6.2 billion. Taking into account the deposit outflows since
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This is what the Eurogroup is proposing as a basis for a third Greek bailout
EconomyProgrammeto mandate the institutions to negotiate a MoU will be taken. · Taking into account the deterioration... account at the ESM. · A rapid decision on a new programme is a condition to allow banks to reopen
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A breakdown of what Tsipras and European lenders agreed to
EconomyProgrammeto negotiate a Memorandum of Understanding (MoU) may be taken. · Taking into account the strongly... account at the ESM. · A rapid decision on a new programme is a condition to allow banks to reopen
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Greek banks in intensive care: What lies ahead?
Agora). The urgent need for this legislation was somewhat surprising taking into account that in a press release... sector. Of this amount, 10 billion would be made available immediately in a segregated account
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Early rounds of talks with lenders focus on possible prior actions
EconomyProgrammein the public sector, particularly per diems and travel allowances. 11) Reduction of the current bank account... statement of July 12. This amount would be disbursed in a segregated account at the ESM 5) Payment of state
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Bank recap and NPL management create conundrum in bailout talks
Economyin a segregated account at the European Stability Mechanism (ESM). The comprehensive assessment... in real estate property prices will be taken into account, reducing accordingly the banks
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Newsletter 39 - 21/08/2015
demanded by creditors – due by the end of October. Current account surplus down Greece’s current account balance was in surplus for the second successive month in June but it narrowed by 20 percent year
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A breakdown of Greece’s revised financing needs as part of its new ESM programme
EconomyProgrammebillion to 85.5 billion after taking into account two mitigating factors. The first relates... compared to 6 billion in the eligibility report. The new figure takes into account the revised fiscal
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Tsipras keeps bailout issues in safe hands but fails to inspire with new cabinet
PoliticsGreek Politicsand was accused of anti-Semitism and homophobia. He deleted his account after being appointed. Diplomat.... The lack of new faces and expertise to account for SYRIZA’s inexperience has been criticised
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