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Manufacturing PMI up to 59.3 pts amid ongoing concerns over supplier delays, input prices
EconomyMacroeconomyhistorically elevated amid seemingly relentless supplier shortages and delays to material deliveries.... Nevertheless, supplier delays pushed costs up again and input prices also increased significantly
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Greek banks set for early ELA return in apparent precautionary move
EconomyMechanism (ELA), while the other two are expected to follow suit in the coming days. Banking sources... requests for ELA funding at some point in February, particularly because collateral of 21 billion euros... extension approved in mid-December. According to ECB rules, ELA means the provision by a Eurosystem
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ECB increases ELA ceiling for Greek banks by 400 mln for first time since summer 2015
EconomyMacroeconomythe conclusion of the second programme review. The last time the ECB made a material reduction in the ELA... Liquidity Assistance (ELA) ceiling for Greek banks by 400 million euros to 46.6 billion following a request made by BoG. The rise in the ELA limit “reflects developments in the liquidity situation
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Greek banks' Eurosystem funding at 13-month high of 104.2 bln in Feb as ELA rises
EconomyMacroeconomyevolution also showed an expected material change in the funding mix. In particular, the Emergency Liquidity Assistance (ELA) funding jumped by 60.41 billion MoM to 65.64 billion in February. The monthly change is the second highest historical reading and stems from: a) Replacement of ECB with ELA
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Podcast - Long live the revolution: The legacy of Greece's 1821 war of independence
AgoraGreece is celebrating the 200th anniversary of its war of independence, which began in 1821 and allowed Greeks to free themselves of Ottoman rule and oppression, and form their own nation-state. To mark this occasion, we spoke to Sakis Gekas, the Hellenic Heritage Foundation (HHF) Chair of Modern
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Helped by trading gains, Eurobank posts 305 mln in Q1 profits
EconomyBankingEurobank posted an adjusted net income of 305 million euros in the first quarter of 2022 (Q1), compared to a profit of 72 million euros last year. Core pre-provision income (PPI) rose by 10.4 percent year-on-year (YoY) in Q1 to 240.4 million euros, with 62.1 million euros of loan loss provisions
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Are Chinese investments starting to hit a wall in Germany?
Agorato allow privately-owned Huawei equipment to be used in its forthcoming mobile telephony 5G wireless... of Vodafone and Telefónica O2 operating in Germany have built the 4G network with Huawei infrastructure equipment. All three companies have long-term strategic partnerships with Huawei. The transfer
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Material deprivation rises, while poverty risk drops slightly
SocietySevere material deprivation continues to rise in Greece across populations classified as poor... lack of at least four out of nine material deprivation items. The corresponding percentage for 2015 was 22.2 percent and 21.5 percent in 2014. The figure stood at 11.0 percent in 2009. Material
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What the ECB's latest decision on ELA and collateral haircuts means for Greek banks
EconomyThe European Central Bank decided on Monday to maintain the Emergency Liquidity Assistance (ELA) limit for Greek banks at June 26 levels, when it was raised for the last time. This means that the ELA... to adjust the haircut applied to collateral used for ELA. The decision was prompted by the “worsening
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One in four Greeks in severe material deprivation; a eurozone outlier
SocietyGreece has the sixth highest rate of severe material deprivation among 30 European countries... in 2012” report shows that material deprivation, which is measured in nine categories (e.g. inability... Greece. ELSTAT’s figures show that material deprivation increased in all age groups, with only
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