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GLOBAL & REGIONAL DAILY (Wednesday 18, December 2019)
GLOBAL & REGIONAL DAILY
HIGHLIGHTS
December 18, 2019
Global Markets
Fixed income markets remained supported in early trade today and the GBP extended recent losses on fears over the risk of a no-deal Brexit. Focus today is on Germany’s IFO business climate index for December.
Greece
According to press reports, the SSM requests cash collateral or the issuance of government bonds in order to assign zero risk factor to the senior notes under the Asset Protection Scheme ‘Hercules’, which aims at the reduction of NPLs. Meanwhile, according to press, the ECB lifted the ceiling on GGB holdings for Greek banks.
CESEE
Cyprus: Tourist arrivals increased by +0.9% YoY in the first eleven months of the year.
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