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European Commission review of Greek programme: The key points
EconomyProgrammeestimates privatisation revenues in excess of the 3-billion mark per annum as of 2016. The updated plan.... On top of the cancellation of preference shares, funding needs to August could also be reduced... that potential sources for covering this funding gap involve: a) inter-general government borrowing
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EastMed pipeline close to high-level agreement, but still a long way from becoming reality
EconomyFeaturesper year of natural gas into the European grid. A number of international agreements have been signed... change mitigation remains strong, with the EU parliament recently voting for a legally binding target... as funding assistance. However, the lion’s share of funding for construction will ultimately have to come
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Shortcomings in healthcare seen at forefront of austerity impact in Greece
Societyof 14.5. Per capita healthcare spending was reduced by 11.1 percent between 2009 and 2011 – the largest... of Hygiene and Tropical Medicine. Published in The Lancet, the study’s findings paint a grim picture..., a third of the street work programmes were cut because of scarcity of funding, despite a documented
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Moments to remember from the euro crisis
Agora. Finally, he underlines that in terms of growth per capita, the euro area has been on a par... the ECB might no longer be able to accept Greek bonds as collateral for funding to local banks. Trichet..., Trichet warned Dublin that the ECB would not be able to maintain funding (ELA) for Irish banks
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Greek banks on cusp of improved liquidity conditions
Agora, banks would benefit by an additional NII amount of 14 million euros per year on top... requirements for ECB funding purposes) was initially introduced on December 19, 2012 following a positive... (GGBs), T-Bills, pillar II and III bonds, used as collateral for ECB funding via the Emergency
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Signs of optimism in Greek banks' Q2 results but NPL challenge lies ahead
Agorabook value per share. It should be noted that deferred tax assets (DTA) of the four banks stands... from last year. The improvement mostly reflects lower wholesale funding cost, stemming from the reduced reliance on the Emergency Liquidity Assistance (ELA) funding coupled with lower holdings
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Finance Ministry outlines plans for making savings, increasing revenues
EconomyProgrammeincrease public revenues by 2 billion per year. The third intervention is more qualitative... outlined the three priorities to help cover funding but also supporting the fiscal consolidation... for procurements of up to 60,000 euros. This procedure will be binding not only for state firms but also
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Newsletter 19 - 13/03/2015
billion on an annual basis, or 140 million per month for Greece’s four systemic banks. However, even... representing Greece's creditors. Eurosystem funding hits €100bn mark ELA now makes up 63 percent of the total Eurosystem funding passed the 100-billion-euro mark to reach 104.25 billion in February
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Privatisation revenues edge upward as end-of-year deadline looms
EconomyFeaturesa clause which fines DEPA an estimated 10,000 euros per day. The issue is causing friction between... charges were not financially viable. Binding bids for the concession are due to be submitted by the end... to receive binding offers for HELPE before the end of the year. In July, the deal to transfer 49 percent
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Newsletter 193 -08/02/2018
the state would require 700 million euros of extra spending per year. The plenary is expected to reach... received one binding offer for the Melitis unit in Florina from Mytilineos which was reporte five times... in a binding offer for either unit after deciding that the structure of the deal and the share purchase
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