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Newsletter 24 - 24/04/2015
will have to cover this liquidity shortfall through additional emergency liquidity assistance (ELA... on Wednesday raised the ELA limit for Greek banks by 1.5 billion to 75.5 billion. This means that banks have an ELA cash liquidity buffer of 2.9 billion, down from 4 billion the previous week, implying
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Alpha Bank launches major securitisation as banks ready portfolios for Hercules scheme
EconomyBankingis expected to be around 2 billion euros. The process allows potential investors to submit non-binding bids by the end of March. Deutsche Bank and PWC's consultants Alantra and AXIA are acting as partners
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Newsletter 371 - 24/02/2023
back-to-back record years. In 2015, FDI was just above 1 billion euros. PwC presented its annual... to show that the conservatives have a chance of winning a clear majority in a second ballot, when
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Greece’s M&A market stagnates during recession
EconomyFeaturesactivity, in Greece, a sharp decline has been recorded. A January 2016 survey by PWC showed that M&A... Europe differed to that of the PWC report, in that it cited 28 M&A’s in Greece for 2015 versus the 29 deals cited by PWC, and that the estimated transaction value improving by 33 percent in dollar
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The conundrum of Greek olive oil exports
EconomyFeaturesgourmet products which are winning awards. The recognition they get might spur a change in economic... of olive oil for export, beautifully packaged to attract the international market. But even finding
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Questions persist about timing of general elections
PoliticsGreek Politicsas a spur for the party’s supporters, many of whom have moved to the “undecided” category since... the conservatives’ winning ticket. This could lead to a crushing defeat for Tsipras and his party later in the year
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EP president visit and winding up of rail crash inquiry cast spotlight on rule of law concerns
PoliticsGreek PoliticsAn official visit to Athens by the President of the European Parliament Roberta Metsola gave Prime Minister Kyriakos Mitsotakis an occasion to hit back at the recent resolution passed by European lawmakers expressing concerns about the rule of law in Gr...
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PMI at 54.2 in Feb as new clients and overseas orders spur growth
EconomyMacroeconomyGreece’s manufacturing PMI increased to 54.2 points in February from 53.7 points in January, staying over the 50-mark threshold for close to two years. PMI noted that the latest reading was the best since May 2018. It also stood above the long-run serie...
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Athens hopes Biden will spur change in policy, curbing Ergodan
PoliticsForeign PolicyThe election of Joe Biden as the 46th US President has fired up expectations in Athens for a further improvement in Greek-US relations and that Washington will be supportive of Athens’s positions in its ongoing crisis with Turkey. A lot will depend on h...
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Greece prepares set of proposals for bridging deal with eurozone
PoliticsGreek Politicsfrom its European institutional lenders (52.9 billion from bilateral loans and 141.8 billion from... to the Emergency Liquidity Assistance (ELA). After a decision last week, Greek banks cannot resort to ECB for funding using government guaranteed securities. However, they can resort to the ELA mechanism
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