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ECB reinstates Greek waiver in boost for nation’s lenders

  Bloomberg The European Central Bank reinstated a waiver on Greek debt, allowing the nation’s banks more access to cheaper refinancing lines but stopping short of including such bonds in quantitative easing for now. The ECB “decided to reinstate the waiver affecting the eligibility of marketable debt instruments issued or fully guaranteed by the Hellenic Republic,” the institution said in ...

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UK exit saga looms over Europe as growth, inflation remain elusive

  Bloomberg Growth in the euro area’s private sector slowed more than economists predicted in June, with firms expressing concerns about uncertainty ahead of the U.K.’s vote on its European Union membership. A Purchasing Managers’ Index for manufacturing and services fell to 52.8 from 53.1 in May, London-based Markit Economics said on Thursday. The decline to the lowest level since ...

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German economy unfazed by Britain’s EU referendum

  Bloomberg Germany’s economy is showing little sign that Britain’s referendum on European Union membership is damping investment, according to Markit Economics. A Purchasing Managers’ Index for manufacturing and services was at 54.1 in June after a reading of 54.5 in May, the London-based company said on Thursday. While that’s the lowest in two months, it’s well above the 50 ...

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