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After Q3 results, what next for Greek banks?
Agorastate in May 2014 in exchange for banks’ preference shares. With regards to preference shares, an issue.... It is reminded that in the context of a state capital enhancement program in May 2009, the Greek state issued... holding an 84 percent stake in Alpha, it would be particularly interesting to see how many
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Local elections in Greece a precursor of European vote
PoliticsGreek Politicsis the most likely outcome in Athens, where the big question will be who will join Kaminis on May 25... a significant part in the outcome of the EU elections on May 25. The government passed legislation a few... enough support to win from the first round. The northern city will also be holding an unofficial
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Greek debt: A case of learned helplessness?
Agoratheir situation, people may also begin to behave in a helpless manner. This inaction can lead them... May 2010 and the end of 2011 - the period that Greece was expected to be fully locked out of markets... was offered a loan arrangement that would act as a temporary holding operation until an unprepared
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Stalled troika talks stretching Greek coalition cohesion to limits
PoliticsGreek PoliticsParliament elections in May. The Socialists, in particular, have been reluctant to back major... Minister Antonis Samaras and Deputy Prime Minister Evangelos Venizelos may call SYRIZA leader Alexis... when New Democracy’s parliamentary spokesman Adonis Georgiadis publicly blamed PASOK for holding up
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Leaders draw battle lines as Greece heads to snap polls on Jan 25
PoliticsGreek Politicsand the uncertainty that this may cause. In the PASOK camp, the earlier date may be slightly more..., rather than February 1 which seemed more likely, also raised a few eyebrows. Holding the elections
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Newsletter 11 - 16/01/2015
SYRIZA closes in on victory Overall majority may be out of reach A dramatic reduction in SYRIZA’s... that it may push his party towards an outright majority. Another potential source of support for SYRIZA... widening financing gaps. Moreover, the European Central Bank in Frankfurt is holding back last year’s
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What are the implications of the ECB's decision for Greek banks?
Economy. The maximum amount of ELA funding tapped by Greek banks stood at 124 billion euros in May 2012... purposes though the ELA mechanism. Although Greek banks may cover their funding needs via EFSF bonds.... In any case, Greek banks can still place their total EFSF bond holding (38 billion) with the ECB
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Tsipras faces dissent from SYRIZA MPs but serious rift unlikely at this stage
PoliticsGreek Politicsforce New Democracy, To Potami and PASOK to commit publicly to supporting the government. This may... closed doors on Wednesday is likely to help relieve the tension within the party and may mean that the leftists present a united front in Parliament. In this respect, holding this long session of SYRIZA
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Greece's opposition parties back in spotlight
PoliticsGreek PoliticsVenizelos has already chosen this route. He has committed to holding a congress in May, when he... to Samaras. It is possible that the prime minister may try to banish any doubts about his leadership
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Greek banks' Eurosystem funding jumps to 87.4 bln in Jan, ELA at 5.2 bln
EconomyMacroeconomyhighest level since August 2011. In addition, ELA funding rose from zero since May 2014 to 5.23... of ELA funding to Greek banks, while the current limit of 65.3 billion may be affirmed since... purposes. Greek banks are holding almost 38 billion EFSF bonds. According to their 9-month financial
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