Interest rates will remain low level for a long time and central banks could continue using quantative easing (QE) tools in the future, a study “Monetary policy in a low interest rate world” by the Bank of Greece mentioned on Thursday. The report was presented by Dimitris Malliaropoulos, director of …
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ECB Draghi: Greece can become part of QE, if it has a waiver
Head of the European Central Bank, Mario Draghi, said on Monday that Greece can be part of Quantitative Easing program (QE) if it has a wavier. He reiterated that the ECB will make its own sustainability analysis of the Greek debt after it exits the bailout program. Responding to questions …
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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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Bankers see no Greece participation in ECB QE participation before German elections
Senior bank officials hail the provisional agreement between the government and its creditors as a major step toward the normalization of the economy and the credit system but estimate it will take more time for the country to join the European Central Bank’s quantitative easing (QE) program. They note that …
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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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JP Morgan scenarios for second review, Greece’s participation in ECB’s QE
The decision reached by Eurozone finance ministers in Malta concerning Greece increases the chances of a solution for completing the second review of the Greek programme before May 22, according to a report by J. P. Morgan released on Monday. The U.S. banking and financial services giant said the decisions …
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Draghi: Greece must complete 2nd review and have sustainable debt to join QE
A sustainable Greek debt and completion of the second review of the Greek programme are necessary prerequisites for Greece’s inclusion in the quantitative easing, European Central Bank (ECB) President Mario Draghi said on Monday. Addressing the European Parliament’s Economic and Monetary Affairs Committee in Brussels, Draghi explained that the sustainability …
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FinMin Tsakalotos admits: Creditors push for more austerity measures for 2019-2020
Without conclusion of the second program review there will be no discussion on debt neither we will enter ECB’s Quantitative Easing and consequently return to the markets. This dramatic warning came from Greece’s Finance Minister Euclid Tsakalotos on Monday. Speaking at the conference “Time for the Greek Economy” in Athens, …
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ECB Draghi: First analysis of Greek debt sustainability, then QE
Head of the European Central Bank, Mario Draghi expressed concern about the sustainability of the Greek debt and said that assessment on the debt was necessary before Greece could participate in the Quantitative Easing Program. “Discussions on the sustainability of the Greek debt continued. We expressed concern, and steps should …
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1000+1 reasons why investors do not invest in Greece
It isn’t about competitiveness and even lower minimum wages. It isn’t about the constantly changing taxation system and the over taxation. It isn’t about lack of growth-friendly policies, like lower tax rates and fast implementation of structural -see: labor – reforms. It is about Mario Draghi, the European Central Bank …
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Greek FinMin: Once QE for Greek bonds, Grexit will be off the table
Greek bonds will soon become eligible for the European Central Bank’s asset-purchase program, paving the way for an easing of capital controls, and the gradual recovery of investor confidence, Finance Minister Euclid Tsakalotos said. In an interview to Bloomberg, the Greek Finance Minister said also that once Greece is part …
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Kissed by Mario Draghi, Greece’s sleeping banks rally & bond yields drop
Kissed by Prince Mario Draghi, Greece’s sleeping economy beauty finally woke up: the Athens Stock Exchange rallies at +4%, Banks cheer with +8.14%-24.31% and Greek bond yield went down 20 bps. Reason for this Friday party was the decision of European Central Bank to include Greece’s EFSEF bonds in ECB’s …
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ECB & Draghi cut deposit rate by 10 basis points
The European Central Bank and Mario Draghi announced today a new cut in the deposit interest rates. The rate cut will be 10 basis points and down by -0.30%. The deposit rate has been cut from -0.2% to -0.3%. “At today’s meeting the Governing Council of the ECB decided that …
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Draghi: ECB will need analysis of Greece’s debt sustainability (lol)
Greece has to pass a review of its bailout programme and show a commitment to reforms before the European Central Bank can start buying its bonds as part of the bank’s asset purchase programme, ECB President Mario Draghi said on Thursday. Greece has so far been excluded from the quantitative …
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German state TV: Eurozone didn’t allow Greece to bankrupt in 2010, due to German & French banks
German state broadcaster ARD aired a documentary that shocked many conservatives, neoliberals and hardliners accord the German country. The documentary with the title “The trail of the Troika – Power without Control” , a documentary produced by RBB from network ARTE showed to Germans a different approach to the Greek …
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ECB’s QE: Greek bonds are in under conditions
The European Central Bank announced its Quantitative Easing (QE) program and set limits on buying Greek government bonds for at least six months. ECB President Mario Draghi said that Greece will be ineligible for the ECB’s 1.1 trillion-euro ($1.3 trillion) program until at least July because of limits on how …
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“L’ euro c’est moi”-Merkel: ECB is independent to take decision on QE, but…
German Chancellor Angela Merkel reiterated on Wednesday that the ECB is independent in its decision-making but said it is important nevertheless for the central bank to avoid sending any signals that could undermine the need for structural reforms. “The ECB hasn’t made any decisions yet,” Merkel said at a news …
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Fear-mongering at its peak: Grexit on Thursday, Grentry on Monday?
Only if you live in Greece and read every crap posted on mainstream websites or listen to mainstream media to realized the fear-mongering propaganda Greek voters are exposed to, just days before the parliamentary elections next Sunday. One of the striking examples we witnessed Monday morning. The news was referring …
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