What the ECB's latest decision on ELA and collateral haircuts means for Greek banks

Greece draws strong interest, attractive yield by re-opening 10-year bond 03/09/2020 - 11:07
Fitch keeps rating at 'BB', sees GDP contraction of 7.9 pct in 2020 27/07/2020 - 11:58
OECD releases new outlook calling for sustained reforms post Covid-19 22/07/2020 - 14:09
BoG highlights how Covid-19 compounds legacy issues and structural challenges 30/06/2020 - 12:03
Greece issues new 10 yr bond as investor appetite returns 10/06/2020 - 11:23
ECB boost for Greek debt as authorities ponder new market foray 05/06/2020 - 11:05

What the ECB's latest decision on ELA and collateral haircuts means for Greek banks

Economy 07/07/2015 - 10:17 Tags: Banking, ECB

The European Central Bank decided on Monday to maintain the Emergency Liquidity Assistance (ELA) limit for Greek banks at June 26 levels, when it was raised for the last time. This means that the ELA limit remains at around 89 billion euros.

You need a subscription to access our analysis. Please choose one of the packages available.

If you are already registered, please sign in.

Full Access

A tailor-made service for professionals

Apart from having access to all our analysis and data, subscribers will be able to consult one-on-one with our analysts.

Free Access

Read some of our analysis for no charge

By signing up to MacroPolis, readers will be able to read two of our articles without charge each month. They will not have access to our data or weekly e-newsletter.

Standard Access

Our analysis and data at your fingertips

Subscribers will be able to read the full range of our articles, access our statistics and charts, and receive our weekly e-newsletter for €450 per year.

€480.00

Free Mobile Apps

Update to the latest version of the MacroPolis Apps. Access all of our daily analysis, as well as our weekly e-newsletters, at your fingertips.

Tweets by @MacroPolis_gr

You have to in order to view this content.

Most Popular

ND clarifies plans for emergency health system capacity as public mood over Covid-19 sours 17/09/2020 - 12:33
Defence spending, economic support plans dominate PM's policy speech 13/09/2020 - 20:34
Mitsotakis seeks to reassure on foreign policy, spending plans 15/09/2020 - 10:13
Covid-19 puts pressure on health system, forces govt into more restrictions 16/09/2020 - 14:19
Athens hopes for letup in Turkey friction, but talks still in balance 14/09/2020 - 13:21

Greece grapples with second Covid-19 wave as cases soar 24/08/2020 - 15:00
High number of Covid-19 cases puts strain on government 24/08/2020 - 10:55
Clock ticking on Greek and EU reaction to Turkish activity in East Med 19/08/2020 - 10:46
Greece expects evidence of Turkish willingness to talk as Maas visits Athens, Ankara 25/08/2020 - 10:06
Ionian expansion raises questions about Aegean as Athens talks with Tirana 27/08/2020 - 14:14

OECD sees Greek economy most at risk from Covid-19, with impact reaching up to 35 pct of GDP 31/03/2020 - 14:21
The first cut is the deepest? Greek pension reforms in context 07/06/2018 - 12:12
Is Greece facing a new migration crisis? 13/09/2019 - 12:38
The "great replacement" comes to Greece - how a far-right meme appeared in mainstream politics 21/02/2020 - 14:27
Could Greece's immigration reforms have an impact on upcoming elections? 15/05/2019 - 11:47

HRADF development plan reviews privatisation actions for the rest of the year 15/09/2020 - 14:36
VAT gap of 30.1 pct in 2018 keeps Greece among worst performers in EU 14/09/2020 - 12:30
Budget primary shows deficit of 6.61 bln in August 16/09/2020 - 14:07
Employment balance positive by 4,342 in August, aggregate shows 169,239 fewer jobs created 14/09/2020 - 10:47
PBO highlights pandemic impact on economy, sees 2020 recession of 8.5 to 9.4 pct 16/09/2020 - 11:39

Greece grapples with second Covid-19 wave as cases soar 24/08/2020 - 15:00
GDP falls by 14 pct QoQ in Q2 and by 15.2 pct YoY to reach historic low 03/09/2020 - 13:28
Greece draws strong interest, attractive yield by re-opening 10-year bond 03/09/2020 - 11:07
Data shows export market shake-up amid pandemic 01/09/2020 - 14:03
Current account shows deficit of 1.42 bln in June, driven by slashed tourism revenues 20/08/2020 - 12:12

OECD sees Greek economy most at risk from Covid-19, with impact reaching up to 35 pct of GDP 31/03/2020 - 14:21
The first cut is the deepest? Greek pension reforms in context 07/06/2018 - 12:12
Promises and challenges of Greece's "green new deal" 19/12/2019 - 12:06
Greece grapples with second Covid-19 wave as cases soar 24/08/2020 - 15:00