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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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Coalition ready to pass first legislation as agenda for lenders' talks grows
PoliticsGreek Politics1.6 billion euros in T-Bills. The latter should not prove a problem as the T-Bills are held by Greek... over the next few days allow an increase in the 15-billion-euro limit on T-Bills that the Greek
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Greek current account deficit widens by 27.4 pct in Feb
EconomyMacroeconomyin residents’ holdings of foreign bonds and T-Bills (primarily reflecting the return of 10.9 billion... of foreign bonds and T-Bills. Furthermore, resident’s net external liabilities dropped by 2.2 billion primarily due to a decrease in non-residents’ investment in Greek government bonds and T-Bills as well
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Newsletter 24 - 24/04/2015
payments of 400 million during May. In addition, the state has to roll over 1.4 billion of 6-month T-Bills... and their subsidiaries are bound by the ECB to increase their T-Bill holdings. Expressing its deep opposition... underlined its investment commitment towards Greece by taking the rather unusual step of buying T-Bills
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