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Tag Archives: QE

Interest rates to remain at very low level, says Bank of Greece study

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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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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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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