Eurosystem funding drops by 2.2 bln in May, mostly on further decrease in ELA reliance

Budget overperformance in Aug fuelled by VAT and income tax, spending significantly contained 4 hours ago
Travel balance to July soars by 19 pct, reaching almost 9 bln 22/09/2023 - 09:16
Agriculture output prices jump 28.7 pct YoY in Jul, despite input costs falling 21/09/2023 - 11:07
Industrial turnover drops by 10.2 pct in Jul, driven by foreign markets and manufacturing 20/09/2023 - 12:26
Current account deficit shrinks to 7 bln in 7 months as energy and imports ease 20/09/2023 - 12:08
Loans managed by servicers broadly stable in Q2 at 71.16 bln 19/09/2023 - 11:50

Eurosystem funding drops by 2.2 bln in May, mostly on further decrease in ELA reliance

EconomyMacroeconomy 12/06/2017 - 18:24 Tags: Banking, BoG, ECB, Liquidity

Greek banks’ Eurosystem funding fell for the 23rd successive month in May, when it dropped by another 2.22 billion euros, the Bank of Greece's (BoG) monthly financial statement revealed on Thursday.

In the previous month, it dropped at a slower pace of 535 million 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.

€500.00

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

Outsider Kasselakis on track to lead SYRIZA after securing key backers 19/09/2023 - 14:02
Insurgent campaign from Kasselakis puts shock SYRIZA leadership win in touching distance 18/09/2023 - 09:55
Controversial labour law set to usher in radical changes to employment practices 21/09/2023 - 14:08
Tension builds in SYRIZA leadership race as govt moves ahead with wage maturities 20/09/2023 - 11:30
Kasselakis completes stunning victory, taking SYRIZA into uncharted territory 25/09/2023 - 10:37

Outsider Kasselakis on track to lead SYRIZA after securing key backers 19/09/2023 - 14:02
Storm fallout sweeps PM to crucial juncture early in second term 11/09/2023 - 11:47
Storm impact and ferry death engulf political agenda 06/09/2023 - 12:09
Insurgent campaign from Kasselakis puts shock SYRIZA leadership win in touching distance 18/09/2023 - 09:55

Mitsotakis eyes majority in second vote as SYRIZA reels from crushing defeat 22/05/2023 - 10:54
PM forced to adjust line over deadly train crash amid public anger 06/03/2023 - 09:45
Politicians have commissioned, and largely ignored, multiple reports on wildfires 09/08/2021 - 13:13
Mitsotakis sets May 21 election date, eyes opposition MPs as potential allies 28/03/2023 - 12:02
Tsipras pitches SYRIZA election manifesto as basis for progressive coalition 04/05/2023 - 13:28

Loans managed by servicers broadly stable in Q2 at 71.16 bln 19/09/2023 - 11:50
Impact of energy moderates, current account deficit narrows to 7.86 bln in 6M 21/08/2023 - 12:04
Agriculture output prices jump 28.7 pct YoY in Jul, despite input costs falling 21/09/2023 - 11:07
Industrial turnover drops by 10.2 pct in Jul, driven by foreign markets and manufacturing 20/09/2023 - 12:26
Tax revenues continue to outperform in Aug, as ministry explains frugal approach 19/09/2023 - 10:28

Economic sentiment improves marginally in Aug, consumer confidence takes 7-point tumble 30/08/2023 - 13:12
GDP grows by 1.3 pct QoQ in Q2, in line with growth estimates of 2+ pct for year 06/09/2023 - 13:06
Loans managed by servicers broadly stable in Q2 at 71.16 bln 19/09/2023 - 11:50
Aug PMI marks seventh month of improved manufacturing conditions, cost pressures resume 01/09/2023 - 11:58
Building activity grows by 15.8 pct in May, up 11.5 pct in first five months 28/08/2023 - 12:30

Despite downward revision, IMF sees Greece growing by 1.8 pct in 2023 12/10/2022 - 11:12
BoG sees 2.3 pct growth this year, urges reforms to restore per capita GDP to pre-crisis levels 03/07/2023 - 09:35
IMF sees solid primary surplus from 2023, debt falling to below 150 pct of GDP by 2027 13/10/2022 - 14:03
Budget sees Greece outdoing peers with 1.8 pct growth, 0.7 pct primary surplus in 2023 22/11/2022 - 09:43
OECD sees recovery slowing, urges fiscal discipline 11/01/2023 - 12:46