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How big is Greek fiscal gap? Will cuts be needed? Here's our Q&A
PoliticsGreek Politicswall in its discussions with technocrats from the European Commission, European Central Bank... on the issue, although European Central Bank executive board member Joerg Asmussen said recently
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Does new troika visit spell fresh drama for Greece? Maybe not
Economyof bonds held by the ECB and eurozone central banks (NCBs) need to be paid off. In a similar situation... Central Bank executive board member Joerg Asmussen put a figure next to what until then was a vague
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When will Greek banks operate as credit institutions again?
Agorathe past three years. According to the Central Bank of Greece unit labor costs have declined by more than... facilities. The central problem of the real economy in Greece is today not anymore the high [unit] labor
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In clearest statement yet, Tsipras says he'd keep euro
PoliticsGreek Politicsof members' votes during elections for the party's central committee this. When he speaks at home... that the profits the European Central Bank has made from buying Greek bonds on the secondary market
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Greek banks’ reliance on Eurosystem fell by 2.36 bln in October
EconomyGreek banks’ Eurosystem funding, the combined liquidity they have received from the European Central Bank (ECB) and the Bank of Greece (BoG) Emergency Liquidity Assistance (ELA) mechanism, dropped... March 2010. Note that October was the sixth straight month recording a drop in Central Bank funding
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Banks' reliance on Eurosystem funding eases for seventh straight month in Nov
EconomyMacroeconomyGreek banks’ Eurosystem funding, the combined liquidity they have received from the European Central Bank (ECB) and the Bank of Greece (BoG) Emergency Liquidity Assistance (ELA) mechanism, marginally... straight month recording a drop in central bank funding, with the aggregate amount showing
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The complexities of regaining market access: Could Greece learn from Portugal?
AgoraPortugal is trying for the second time in three months to test its capacity to return to international bond markets. Seeking to regain full access to such debt markets is a central policy objective... (the Commission in Brussels and the European Central Bank in Frankfurt) expires in mid-2014. The MoU
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Greece and troika: Bailout tranche, funding gap and debt relief still pending
PoliticsGreek Politicsredemptions to make until May 20, when 4.2 billion euros worth of bonds held by the European Central Bank and national central banks mature. There is also a 4.5-billion-euro bond that was issued in 2009
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Troika inquiry: talk to the organ grinder, not the monkey
Agoraof the Great Depression: back then, Germany and other parts of Central Europe were the “periphery” that was first deluged with, then starved of credit. The central question for the troika inquiry
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Greece’s first bailout, lenders and their pledge to maintain debt exposure
EconomyProgrammebillion dollars respectively. In May 2010 the European Central Bank introduced the Securities Markets... eurozone national central banks (NCB) stood at 56.7 billion euros just after the final PSI
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