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Talks to begin on plan to rescue PPC from dire financial straits
Economybiting into the company’s results in the form of higher expenditure for CO2 emission rights. Until... be “crazy enough” to buy it. The DG Comp team arrives as the deadline looms for binding offers... in February collapsed. During the initial process, PPC received one binding offer for the Melitis unit
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Greek banks set for early ELA return in apparent precautionary move
Economy. In addition, the pillar II bonds, which were recently prolonged by the EC until the end of June... requests for ELA funding at some point in February, particularly because collateral of 21 billion euros would no longer be eligible for ECB funding from March 1. However, it appears that liquidity
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Grand projects and even loftier ambitions drive Greece's energy project bonanza
EconomyFeaturesto Energean until 2018 and is slated for privatisation under the terms of Greece’s bailout programme... pot of funding over the current five-year period. A key goal of this framework is to promote... euros, and so far the project has received an EU funding package of 45 million euros through the EEEPR
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The state of play with Greek banks' liquidity
Economyof Greek banks’ access to Emergency Liquidity Assistance (ELA) funding. The request submitted by the Bank of Greece (BoG) was initially approved on January 21 for a 2-week period, i.e. until the next ECB... for the approval like other ECB funding operations such as TLTROs. However, ELA can be restricted if the ECB
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Greeks graduating after 2011 encountered limited opportunities, low pay
Societyon Greece’s university system which until recently placed no limit on how long a student takes to finish... funding to universities and teaching staff had been slashed during the years of the crisis, falling 24 percent and 19.2 percent, respectively. Though the figure for funding cuts is lower than
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What are the implications of the ECB's decision for Greek banks?
Economyamount is less than 10 billion, around 4-5 billion for pillar III and close to 5 billion for GGBs. Until... lenders. This move means that such collaterals would not be eligible for ECB funding as of February... banks’ ECB funding stood at 56 billion euros at the end of December. This figure reportedly rose close
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IMF far more pessimistic than eurozone on Greek debt, urges significant relief
EconomyProgrammeGFN to GDP is expected under 10 percent until 2023 and 20 percent until 2040 increasing to 24... assumptions of the European institutions which foresee a primary surplus of 3.5 percent of GDP until 2028... grace extensions until 2040, which means an extension of the current grace periods from 6 years
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The ins and outs of the Greek bank recapitalisation process
Economyof Q2 results was extended by one month, until the end of September. *This article appeared in last..., since they are not as severe as previously feared, yet it is not clear whether the binding scenario... that “the law relating to government guarantees on DTA will be amended to minimise programme funding
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Review set to resume in Athens as debt talks drag on
PoliticsGreek Politics) with the IMF. Both agreements are due to run until the summer of 2018. Some reports suggest that the draft... coming up in September. As far as Greece is concerned, a clear and binding commitment to making... to participate (with funding of around 4 billion euros). However, reports in the international media suggest
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Tsipras clears hurdle but isn't over finishing line
AgoraMonetary Fund and Berlin and the fact that any restricting measures will not be implemented until... funding. It is then that Tsipras will be able to stand before voters and say that it was under his, albeit... will have to live up to their side of the bargain and produce a binding promise regarding debt
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