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Tag Archives: ecb

Belgium to pay €222mn to Greece in SMP profit return from Greek bonds

Belgium will pay a total of 221.8 million euros to Greece in the context of profit central banks made from Greek bonds, Belgian business newspaper L ‘Echo reports. The money is from the ECB and EZ central banks Security Markets Program. “In the midst of a crisis, the European Central …

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Greek banks to lose cheap borrowing after ECB revokes waiver

The European Central Bank announced on Friday it will restrict Greek banks’ access to its cheapest funding operations as from August 21, when the country exits the bailout program. The ECB will revoke a so-called ‘waiver’ which allowed Greek banks to post junk-rated government bonds as collateral in regular funding …

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ECB Vice: Austerity Program for Greece was indeed too harsh

The eurozone’s southern members have done enough to reform their economies and reduce risk in their financial systems for the bloc to speed up banking union, the vice-president of the European Central Bank has said, in an implicit criticism of German foot-dragging. In an interview with Financial Times,  Vítor Constâncio, …

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ECB: Greece has the lowest growth rate in Eurozone

Greece recorded the lowest growth rate in 2017 among the EU member-states, according to the  annual report of the European Central Bank released  on Monday. The Greek GDP amounted to 1.4%, compared with a 2.3% average in the eurozone, while Ireland’s figure stood at 5%. According to the report, the …

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Germans remind the ECB that it urgently needs to change

With this and that on the festive days we forgot European institutions that urgently need to reform. At least, the Germans did not forget the issue and for one more time the criticized the European Central Bank. Even though the former German finance Minister Wolfgang Schaeuble remains quiet awaiting the …

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IMF and ECB reach compromise on Greek banks, traders in ASE smile

The International Monetary Fund and the European Central Bank reached a compromise on the Greek banks: the ECB will accelerate stress tests, the IMF will give up its demand for full asset quality review (AQR). The International Monetary Fund said on Thursday that it sees no financial stability concerns in …

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Draghi signals Greek debt measure not enough for QE inclusion

European Central Bank President Mario Draghi effectively put an end to a debate about the inclusion of Greek bonds in the ECB’s asset-purchase program, saying commitments offered by creditors earlier this month still don’t provide sufficient clarity on the country’s future debt path. The debt measures Greece adopted are “still …

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ECB says unlikely to include Greece in QE in next months

The European Central Bank is unlikely to include Greek bonds in its asset-purchase program for the foreseeable future, a person familiar with the matter said, as European creditors aren’t prepared to offer substantially easier repayment terms on bailout loans to improve the nation’s debt outlook. Lack of clarity on debt …

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Draghi warns QE for Greece is not to be taken for granted

Mario Draghi joined the club of those delaying return of Greece to the international markets. The European Central Bank will not consider including Greek government bonds in its asset purchases program before a pending bailout review is concluded and creditors agree to ease the country’s burden, Mario Draghi said on …

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Gov’t spokesman says Greece is exiting the 7-year crisis, talks very close to agreement

“There are great social problems that need to be solved step by step, but for the first time we are facing the exit of the seven-year crisis”, government spokesman Dimitris Tzanakopoulos on Friday said in an interview to Kokkino radio station. He underlined that the issues remaining to be solved …

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