Markets buoyed by election result
PDMA nears completion of annual debt strategy, taking another cautious step
Import prices fall sharply by 12.7 pct in Mar, as energy drops by 28.4 pct
Latest 2022 fiscal data a boost as profit transfers and growth lead to small surplus
S&P only ups outlook, waits for political clarity before rating move
BoG sees 2.2 pct growth in 2023 but warns new govt must stick to reforms
Referendum and the ECB to determine the future of Greek banks
The ECB Governing Council decided yesterday to maintain the Emergency Liquidity Assistance (ELA) funding of Greek banks at current levels. Moreover, despite earlier rumors, the ECB did not take any decision on an increase on the haircut applied to ELA collaterals.
This means that Greek banks will continue operating with the ELA liquidity of last Friday which is estimated close to 90 billion. At the same time, ECB said that it will reconvene whenever needed to assess banks liquidity position.
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