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  1. Talks to begin on plan to rescue PPC from dire financial straits

    Economy

    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... of the two lignite units if no binding offers are received by the renewed deadline. The discussions

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  2. Shortcomings in healthcare seen at forefront of austerity impact in Greece
    Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    Society

    of Hygiene and Tropical Medicine. Published in The Lancet, the study’s findings paint a grim picture..., a third of the street work programmes were cut because of scarcity of funding, despite a documented... of child psychiatric services have been abandoned; and state funding for mental health decreased by 20

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  3. Newsletter 97 - 25/11/2016

    Newsletters

    and funding. The rating agency estimates that banks’ non-performing exposure (NPE) ratio will decline to 40... funding costs, while impairment losses dropped by 12 percent QoQ to 182 million. The second round.... The findings mean that just 16 percent of Greeks view the EU in a positive light, well below the Union

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  4. Greek banks’ reliance on Eurosystem fell by 2.36 bln in October

    Economy

    Greek banks’ Eurosystem funding, the combined liquidity they have received from the European... statement. Monthly movement reflects a drop in ELA funding by 1.0 billion euros at 7.95 billion and in ECB funding by 1.35 billion at 62.47 billion. The outstanding balance stood at 70.43 billion euros

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  5. Greek banks set for early ELA return in apparent precautionary move
    Bank of Greece

    Economy

    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... bank bonds would not qualify for ECB funding eligibility as of March 1, 2015. This date coincides

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  6. World Bank sets out savings Greece can make from streamlining welfare benefits
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyProgramme

    welfare review (SWR) in line with the World Bank findings. Other funding sources include permanent...The funding of the guaranteed minimum income (GMI) emerged as one of the most contentious issues... of 350-400 million euros for the GMI funding. Government sources argue it is lower and could be also

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  7. ECB set to provide extra liquidity to Greek banks but capital needs remain an issue
    Photo by MacroPolis

    Economy

    covering the capital shortfall of 5.8 billion (under the binding baseline scenario) identified... that this will happen. Greek bank’s ECB funding collateral is made up of state-guaranteed bank bonds (up to 40..., is that according to a March 2013 ECB statement they would no longer be eligible for funding purposes

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  8. How does ECB's decision on Greek banks' T-Bill exposure affect state liquidity?
    Photo by Kiefer via Flickr https://flic.kr/p/q2j8Dt

    Economy

    legally binding, according to reports. The initial decision was already in effect for the three T...) funding. It is clear that this figure is irrelevant to the limit applied by the ECB on February 18... that the week before the Orthodox Easter is the most crucial for Greece covering April funding needs.

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  9. Grand projects and even loftier ambitions drive Greece's energy project bonanza
    Photo via Flickr https://flic.kr/p/faksxt

    EconomyFeatures

    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... through the introduction of binding targets. A first phase budgeted at 322.7 million euros is due

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  10. Moments to remember from the euro crisis
    Photo by MacroPolis

    Agora

    the ECB might no longer be able to accept Greek bonds as collateral for funding to local banks. Trichet..., Trichet warned Dublin that the ECB would not be able to maintain funding (ELA) for Irish banks... intervention was a way of binding the Italian government to a certain policy path, assuaging concerns

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