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November deposit inflows stay negative by 79.4 mln for second consecutive month
EconomyMacroeconomydeposit movements, Greece's banks have been phasing out their reliability on Eurosystem funding. The BoG’s most recent monthly financial statement showed that Eurosystem funding fell by 978 million euros month-on-month in November. As of the latest month, the total for central bank funding comes
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What brought down Golden Dawn?
Societythat was indirect and slow-acting. As a consequence of the charges, Golden Dawn had its state funding frozen, starving it of over a million euros a year (1,272,465 euros in 2018 alone). State funding... to a former party MEP, when this source of funding was lost Golden Dawn’s elected representatives
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Alpha Bank posts net profits of 4.7 mln in Q3
EconomyBankingthe bank’s bond portfolio were partly counterbalanced by the lower wholesale funding costs. The Net... funding is made up fully of European Central Bank funding. As of Q3, ECB funding fell by 900 million euros
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Piraeus Bank posts net loss of 232 mln in Q1 due to Covid-19 impact
EconomyBankingsince early March, totalling 2.2 billion since the start of the year. Funding costs (i.e. interest...-related impact. Balance Sheet Eurosystem funding rose to 2.4 billion in March from 400 million at the end of Q4 2019. This stemmed from the bank’s decision to take advantage of lower Eurosystem funding
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PDMA sets out modest debt strategy for 2023
EconomyMacroeconomymajor objectives for the next year, summarised in enhancing market access, containing funding costs... and maintaining regular market operations. Limiting funding and debt-associated risks will be secured... and refinancing needs. Greece’s total funding needs for next year stand at 15.4 billion euros, according
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Newsletter 424 - 24/05/2024
becomes more complex as the process of the funding reaching the economy is moving at a significantly... ownership of specific approved projects. The pace at which funding is reaching Greek companies is even..., the total applications for funding stand at 23.8 billion euros, while the signed contracts stand
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Slow pace at which RRF funds reaching firms a growing issue
Economythe picture becomes more complex as the process of the funding reaching the economy is moving... that have ownership of specific approved projects. The pace at which funding is reaching Greek... to the BoG, the total applications for funding stand at 23.8 billion euros, while the signed
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Mitsotakis goaded from right on foreign policy and migration
PoliticsGreek Politicsto focus on winning back more moderate voters. Spartiates funding Social democrats PASOK, meanwhile... leadership, was still receiving state funding. According to official figures referenced by Doudonis, Spartiates received 788,067 euros of regular state funding in September, in addition to payments
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Newsletter 446 - 10/01/2025
funding needs for the year are a modest 15.28 billion euros, with debt amortisation at just 5.54 billion... is surpassed. In 2024, Greece’s total annual funding needs dropped below the critical level of 10 pct of GDP... in the forecast horizon. The 6.7 pct of GDP of Greece’s gross funding needs for 2025, compares
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Debt position a bulwark against global turbulence
EconomyMacroeconomythe yield curve and their small size poses limited risks. Greece’s total funding needs for the year... total annual funding needs dropped below the critical level of 10 pct of GDP and they are seen.... The 6.7 pct of GDP of Greece’s gross funding needs for 2025, compares to 25.5 pct for Italy and 16.3
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