The close look to Greece case, you can tell ” there is no way to solve that problem “, because the money going out of the bank without returning.
But maybe the new deal with the Russian government will help and provid some support.
Also, The ECB will review Greece’s emergency funding for its lenders again on Monday, a European Union official said, after the limit on the cash was raised on Friday for the second time in three days.
The Governing Council increased the cap on Emergency Liquidity Assistance in a telephone conference, other people familiar with the matter said, without specifying the amount of the rise. All the people asked not to be named because the discussion was private. An ECB spokesman declined to comment.
The ECB’s decision to revisit the ELA discussions on Monday is a signal to Greece that its situation is serious, the official said. European leaders will hold an emergency summit the same day, though concern is rising that talks on Greece’s bailout program will fail to avert a government default that tips the nation’s lenders into insolvency.
“The ECB’s decision to increase the ELA allowance today suggests that the Greek banking system will receive whatever support is needed to allow the political process to work through to the end of the EU leaders’ summit,” said David Mackie, an analyst at JPMorgan Chase Bank in London. “Unless Greece reaches a deal by the end of Monday, capital controls look likely to be needed next week, as Greek banks reach the limit in terms of collateral availability.”
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Years ago we’ve been concerning about the what they called it the Cold War between Russia and the United States of America and the constant nonviolent state of hostility between them.
But recently, The digital war getting hotter in new dimension between them as the Russian companies are increasingly buying homegrown software to avoid international sanctions, posing a challenge to the likes of Microsoft Corp. and Oracle Corp. in the country’s $3 billion local market.
OAO Sberbank’s life insurer in February started an online service running local operating system Rosa-Linux using an open-source PostgreSQL database, skipping alternatives from Microsoft, Oracle and International Business Machines Corp. Late last year, OAO Gazprom’s oil division completed testing of GeoMate, its own software used to analyze geological data and designed to replace applications from companies including Emerson Electric Co.
About three-quarters of an estimated 157 billion rubles ($2.9 billion) in Russian software spending last year went to imports. That share will probably fall by several percentage points in 2015, according to researcher IDC. President Vladimir Putin’s government has laid out a plan to cut foreign program reliance to less than 50 percent by 2025.
While it’s difficult to fully wean off imports, “companies are switching to local software in those business processes where they can,” said Elena Semenovskaya, a Moscow-based analyst at IDC.
That presents a hurdle for SAP SE, Microsoft and Oracle. The three had combined sales of 59 billion rubles in Russia last year, according to State Duma estimates. Even without Putin’s domestic preference, the country’s software market will probably shrink by 10 percent this year as the economy slips into recession, while a weaker ruble also makes foreign programs relatively more expensive, IDC said.