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Greek deposit and loan rates slide in September
EconomyMacroeconomy. During the 9-month period, the yields of the competitive 3-month and 6-month T-Bill issues displayed... rates and T-Bill yields within 2014 mainly reflects last year’s movements, when time deposit rates fell by 190 bps, while T-Bill yields remained broadly stable. Since the beginning of the Greek crisis
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Greek loan rates remained well above euro area average in October
EconomyMacroeconomymonths. Over the same period, the yields of the competitive 3- and 6-month T-Bill issues recorded... and T-Bill yields is mainly attributed to 2013 movements, when time deposit rates fell by 190 bps, while T-Bill yields remained broadly stable. During the recent crisis years, time deposit rate peaked
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General government cash surplus widens to 3.68 bln in November, arrears down by 502 mln
EconomyMacroeconomyreflects a net decrease in long-terms bonds by 9.7 billion and in T-Bills by 2.1 billion counterbalanced...) Exchange of 1.67 billion T-Bills via 3- and 5-year bond re-opening in September. The amount..., while long term bonds amounted to 66.56 billion (21 percent) and T-Bills at 12.84 billion (4 percent
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Greek current account deficit widens by 32.4 pct in November despite services surplus
EconomyMacroeconomygovernment bonds (GGBs) and T-Bills and an outflow of 1.4 billion related to residents’ investments in foreign bonds and T-Bills. For the 11-month period, the net result implies an outflow of 6 billion... stocks and a large decrease of 5.9 billion in GGB and T-Bill holdings. Reserve assets slightly rose
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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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