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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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No fear of the bear? Bilateral economic relations between Germany and Russia
Agorabilateral (economic) ties with Russia. Germany's economic interests in Russia are significant before... champion). More specifically, bilateral trade has fallen from 80 billion euros to 52 billion since 2012...), food and agricultural produce. By contrast, the bilateral foreign direct investment landscape shows
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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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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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Eurosystem funding drops by 399 mln in May, ELA collateral falls to zero
EconomyMacroeconomy(ECB) funding, along with a fall of 1 million euros in Emergency Liquidity Assistance (ELA). ECB funding in May came to 8.07 billion euros as mentioned, along with ELA funding totalling just 1... ELA-ceiling bulletin as the level had fallen below 2 billion euros. In March, it was also revealed
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Defence agreement, views on Turkey attract most interest during Pompeo visit
PoliticsForeign Policyas it leads to an upgrade of bilateral relations with the US but also because it seeks returns in regards... of European & Eurasian Affairs, the US side is seeking to improve its bilateral cooperation and make it clear... of the S400 which is of a particular interest for the US. Upgraded role? The debate that has begun
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ECB increases ELA limit for Greek banks in first positive signal since referendum
Economythe Emergency Liquidity Assistance (ELA) limit for Greek banks by 900 million euro for one week. This was the first rise in the ELA threshold since the announcement of the referendum on June 26.... This series of developments have now restored the conditions for a rise in ELA, Draghi stressed
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Eurosystem funding rises by 84 mln in Apr, ELA eliminated
EconomyMacroeconomy(ELA). ECB funding in April came to 8.46 billion euros as mentioned, along with ELA funding... of its regular ELA-ceiling bulletin as the level had fallen below 2 billion euros. In March, it was revealed that Greece’s four systemic banks had fully eliminated ELA funding from their balance sheets
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Newsletter 56 - 18/12/2015
to consider engaging in consensus politics with the government. The rivalry between Meimarakis... been repeatedly criticised as being lightweight by commentators. However, it is not out... and re-engaging in the political commodity of mutual trust. What has been damaged once can, in the view
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