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Eurogroup sets conditions for disbursements totalling 10.3 bln to take place
EconomyProgrammeMinistry claims that arrears of around 700 million could be cleared in each of the next five months until the end of October. Greece’s debt obligations stand at 5.74 billion euros from June until the end... would cover Greece’s debt obligations until the end of November. The next short-term issue relates
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Special ELSTAT report reveals dramatic changes in labour market since 1980s
EconomyMacroeconomyfeatures from 1981 until 2015. The labour force in Greece had steadily increased until 2009, when... 2002 until 2009 but nosedived by 945,300 after that, falling to 3.61 million in 2015. This is similar... 1995 until 2007. It declined to a 25-year low of 40.4 percent in 2009, when the share of new unemployed
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Stournaras presents debt relief plan with maximum benefits for Greece, minimum cost for lenders
EconomyMacroeconomyis low until 2021, it increases substantially thereafter largely due to the payments of deferred... until 2061, which also incorporate the outcome of the implementation of the short-term debt relief... surplus of 3.5 percent of GDP until 2027 and gradual decline to 2 percent of GDP until 2037. The second
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The risk of losing control before help arrives
Agoraotherwise, until we reach the other side of the bridge, we face daunting challenges from private... of lockdown restrictions until at least December 14. Until doses of vaccines go into the arms of willing... safe. Blunting the surge in infections cannot wait until the arrival of the vaccines. Until
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Eurobank: From nationalisation to re-privatisation
Agoraat 95.2 percent and remained constant until the recent capital increase of 2.86 billion. For Proton... of both banks’ acquisition by Eurobank. In particular, Hellenic Postbank’s funding gap and capital of 3.7.... Proton Bank’s initial funding gap of 862 million was covered by the Hellenic Deposit and Investment
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Greek deposits increase for seventh straight month, reaching 164 bln
EconomyMacroeconomyeuros in outflows that had been posted until then. Despite the relatively limited deposit flow in the 9-month period of 2014, Greek banks’ reliance on Eurosystem funding has been slashed by more than 30 billion euros in the year to date. Lower central nank funding primarily reflects the capital
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Greek deposits down 0.2 pct in October after seven months of rises
EconomyMacroeconomyuntil then. Although deposit inflows are rather limited since the beginning of the year, Greek banks cut their Eurosystem funding by 26 billion euros in the year to date. Lower reliance on central bank funding followed the capital raising of 8.3 billion by the four systemic banks. It also reflects
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Newsletter 11 - 16/01/2015
in its portfolio until maturity. One immediate victim of this impasse is the development of budget... debt. Hardouvelis stressed that this money is necessary to cover the country’s funding needs... without any support from a European mechanism. 4. Greek banks would lose ordinary ECB funding, which
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Greece's key pledges and requests at the Eurogroup meetings
PoliticsGreek Politicsthat have been rejected by our people. We propose the bridge program to cover the period until end-August..., in association with European investment institutions such as the European Investment Banks, funding... of additional payments to the IMF. These payments create very exceptional pressure on Greece’s funding needs
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Greek deposits nosedive by 12.8 bln in Jan as balances reach lowest point since Aug 2005
EconomyMacroeconomyelections until the end of December were wiped out with the net flow now pointing to an outflow of 3.14... were forced to switch a large part of ECB funding to the Emergency Liquidity Assistance (ELA) scheme. According to banking sources, Eurosystem funding passed the 100-billion mark in February, with 38
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