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Greek current account balance turns negative in October after four month of surpluses
EconomyMacroeconomygovernment bonds and T-Bills and a net increase of 1.03 billion in resident’s investment in bonds and T... and T-Bills. Reserve assets slightly eased to 4.88 billion at the end of October from 5.02 billion
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General government cash surplus widens to 3.68 bln in November, arrears down by 502 mln
EconomyMacroeconomyreflects a net decrease in long-terms bonds by 9.7 billion and in T-Bills by 2.1 billion counterbalanced...) Exchange of 1.67 billion T-Bills via 3- and 5-year bond re-opening in September. The amount..., while long term bonds amounted to 66.56 billion (21 percent) and T-Bills at 12.84 billion (4 percent
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Greek current account deficit widens by 32.4 pct in November despite services surplus
EconomyMacroeconomygovernment bonds (GGBs) and T-Bills and an outflow of 1.4 billion related to residents’ investments in foreign bonds and T-Bills. For the 11-month period, the net result implies an outflow of 6 billion... stocks and a large decrease of 5.9 billion in GGB and T-Bill holdings. Reserve assets slightly rose
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Top SYRIZA officials hint at path to compromise with eurozone
PoliticsGreek Politics(including payments to the International Monetary Fund and interest payments) may be covered via T-Bill issues and some repos. The T-Bill issues, though, would need the approval of the troika as Greece has... or sole purchasers of the T-Bills and might need further liquidity from the ECB to do so. If SYRIZA
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In effort to reach new deal, Greek government cannot ignore liquidity constraints
EconomyProgrammewith the BoG ELA, albeit at a higher cost of 1.55 percent compared to 0.05 percent for the ECB. T...- and 6-month T-Bills worth 2.4 billion, which are due on February 4 and 11 respectively. Foreign investors... of domestic political uncertainty. Thus, Greek banks will have to cover almost the entire amount of T-Bill
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Greek time deposit rate falls to 1.82 pct in Dec, lowest during euro membership
EconomyMacroeconomyT-Bills issued by Greece in December posted a rise of 10-20 bps. A further increase by 15-25 bps in T-Bill yields was also evident in January issues, while the yield in today’s 6-month T-Bill auction
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This is the deal Greece will go in search of at Wednesday's sceptical Eurogroup
PoliticsGreek Politicspresident Jeroen Dijsselbloem being questioned about a “bridging loan” for Greece. “We don’t do those.... This would allow the government to cover its short-term needs via T-Bills, giving it time to reach... adopted in the last years). - An agreement to raise the T-Bill limit from the current ceiling of 15
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Greece prepares set of proposals for bridging deal with eurozone
PoliticsGreek Politicswould request the extension of the current limit of T-Bill issues of 15 billion by an additional 8 billion to 23 billion. The T-Bills on their own would not be enough to cover Greece’s funding needs beyond June If Greece is able to raise an extra 8 billion euros from T-Bills and receives the 7.2
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Greek central gov't debt rises to recent high of 181.1 pct at end of Q4 2014
EconomyMacroeconomya net increase in repos (by 3.09 billion) and T-Bills (1.21 billion) partly partially offset by a net decrease in Financial Support Mechanism (FSM) loans (by 2.2 million). The rise in T-Bills stems... by the ECB according to its 2014 financial statement. Furthermore, T-Bills stand at 14.53 billion (4.5
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The ECB's strict rules apply if you dare not comply
Agorato questions about Greece. Two times when he was asked about the ceiling on the amount for T-Bills... of Greece, and with the cap on T-bills issuance as well as the threshold of those that it accepts as ELA... defaulting on the ECB was not an option the maturing debt was covered via the issuance of T-Bills
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