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  1. General government cash surplus widens to 3.68 bln in November, arrears down by 502 mln

    EconomyMacroeconomy

    at the end of November. This funding source was initiated this year and relates to intra-government funding via the cash reserves of the gg bodies for which the Public Debt Management Agency offers repos... that this funding source, that is used to cover short term funding gaps, is almost exhausted. The YtD evolution

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  2. Greece's extension proposals to the Eurogroup and what they mean
    Photo by Harry van Versendaal

    PoliticsGreek Politics

    to be eligible collateral for ECB funding purposes. As a result, Greek banks resorted to the Emergency Liquidity Assistance (ELA) mechanism of the Bank of Greece (BoG) for funding. However, the provision of ELA funding is approved by the ECB twice a month for a 2-week period, while ELA could

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  3. Piraeus Bank net losses at 332 mln in Q4 2014, NPLs drop under 39 pct
    Photo by MacroPolis

    EconomyBanking

    synergies and 100 percent of funding synergies related to the acquisition of 5 banks (ATEbank, 3... contraction. Eurosystem Eurosystem funding increased by 3 billion euros QoQ to 14.1 billion at the end.... Since the end of November, Eurosystem funding has jumped by 18.1 billion mainly reflecting deposit

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  4. What higher ECB haircuts on collateral could mean for Greek banks' liquidity
    Photo by MacroPolis

    Economy

    of an extraordinary meeting before the end of the month and any kind of funding disbursal without Greece... the haircut applied to the collateral used by Greek banks for Emergency Liquidity Assistance (ELA) funding... of Greece (BoG), Greek banks’ cash ELA funding reached 68.51 billion euros at the end of March

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  5. National Bank posts losses of 159 mln in Q1 2015
    Photo by MacroPolis

    EconomyBanking

    is attributed to higher Emergency Liquidity Assistance (ELA) funding cost. The Greek deposit spread... at 95 percent, both remaining the best among its domestic peers. Eurosystem Eurosystem funding.... The latter is made up by ECB funding of 9.8 billion (primarily EFSF bonds) and ELA funding of 15.6 billion

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  6. Greece makes new proposals in search for deal acceptable to lenders and MPs

    PoliticsGreek Politics

    and the International Monetary Fund creating a major funding hump of around 24 billion euros over the next... reduce the funding needs in the mid-term and help Greece regain market access through eligibility... funding (similar to the buyback exercise involving privately held debt at the end of 2012) to buy back

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  7. Referendum call finds Greek banks teetering on the edge
    Photo by MacroPolis

    Economy

    with ECB decision to lift the waiver on Greek government securities (previously used for ECB funding... Assistance (ELA) funding from zero in December to 77.58 billion at the end of May. Taking into account ECB funding of 38.8 billion, in the form of EFSF bonds that Greek banks received during

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  8. Total health spending down to 8.65 pct of GDP as public healthcare sees big drop

    Society

    funding as a percentage of GDP was higher in 2010 than previously recorded (9.84 percent as compared..., a decrease of almost 32 percent. In that same period, the decrease in the share of public funding for health expenditure (-37.75 percent) was significantly higher than the fall in private funding

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  9. Greek QE eligibility? We're not there yet
    Photo by ECB via Flickr https://flic.kr/p/qqjzQG

    Agora

    funding. Draghi confirmed that the ECB insisted during the last Eurogroup on August 14 that any bail... to reinstating the waiver for ECB funding. Such a development would require Greece to be in a financial... currently use for Emergency Liquidity Assistance (ELA) funding. The collateral types that would

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  10. Deposit inflows of 2.65 bln in Dec, highest positive flow since Feb 2013

    EconomyMacroeconomy

    this period. Meanwhile, Greek banks’ Eurosystem funding declined for the sixth straight month by 5.89... Liquidity Assistance (ELA) funding by 8.57 billion partly offset by a rise in ECB funding by 2.68 billion in December. The aggregate figures since July show that Eurosystem funding has been trimmed

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