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A breakdown of the funding needs involved in Greece's third bailout
EconomyProgrammethe country’s funding needs over the course of the three-year programme are also likely to come... funding needs figure of 81.7 billion could be lowered by SMP and ANFA income of 7.7 billion to 74 billion, which is its official estimate for the net financing gap. Other funding sources could involve
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Piraeus Bank posts net profit of 24 mln in Q2, ELA funding fully eliminated
EconomyBankingnet loans from 161 bps in Q1. Balance Sheet Eurosystem funding fell by around 4.3 billion QoQ and came to 1.8 billion at the end of Q2. Emergency Liquidity Assistance (ELA) funding dropped to around 300... quarterly for almost two years now. ELA funding was eliminated despite the ECB waiver for Greek bonds
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Parties gear up for battle over pandemic media funding amid more warnings about press freedom
PoliticsGreek PoliticsPublic funding directed at the media during the pandemic will be at the centre of a parliamentary... outlets under the pretext of public health campaigns on Covid, and of funding pollsters in exchange... half of Greeks disapprove of the government funding commercial news organisations unable to support
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Greece and troika: Bailout tranche, funding gap and debt relief still pending
PoliticsGreek Politics, it will also clear the way for a discussion on the funding gap that lies ahead this year and in 2015... completed. With the funding gap debate settled, discussions will move to the much trickier matter
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Structural problems and dramatic drop in funding harm mental health care in Greece
SocietyGreece’s mental health and integration systems have been ranked among the worst in 30 European countries due to structural problems before the crisis and a drop in direct funding of 64 percent under... expenditure has been one of the many areas that have seen significant cuts. Dedicated funding
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After paying IMF, Greece looks to cover remaining funding needs for March and April
EconomyProgrammeΤhe government has covered a large part of its funding needs for March, which mainly comprised of 1.5 billion euros in payments to the International Monetary Fund and the rollover of 4.6 billion... relate to the payment of 1.55 billion euros in wages and pensions each month, while external funding
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Greek banks push for return to normality
EconomyBankingwas based on the expectation of an improvement in the funding and asset risk of the banks over the next... of Emergency Liquidity Assistance (ELA). As of July, BoG noted that Greek banks’ Eurosystem funding declined by 3.29 billion month-on-month. July’s reduction brought the total for central bank funding to 13.02
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Greek leaders' contrasting visions all a blur
AgoraMinistry claimed that a shortfall of 25 billion euros would be created as workers would stop funding... to the amount of state funding municipalities currently receive. Under his scheme, the local... they lacked, while fending off the advances of the few. Mitsotakis pledges The vision presented
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New Democracy faces claims of dark funding after revelation of links to internet campaign group
PoliticsGreek Politicsthe governing party and the group, which it accused of using public funding to bankroll character assassination
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Exclusion from QE confirmed, only ECB's reinvestment programme left
EconomyProgrammeprobably being the country that needed it the most. The ECB’s QE programme is already winding down... the lowest dependency on Eurosystem funding since the crisis started in 2010. The June figures stand at just 16.3 billion euros: ECB funding is 9 billion and ELA from the Bank of Greece at 7.3 billion
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