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  1. Eurobank reports net loss of 301.1 mln in Q2
    Photo by MacroPolis

    EconomyBanking

    and stood at 10.4 billion at the end of August with zero ELA. The bank’s Common Equity Tier I (CET1) ratio

    4%
  2. Piraeus Bank reports net profit of 164.3 mln in Q2
    Photo by MacroPolis

    EconomyBanking

    Bank funding is comprised exclusively by ECB funding, as ELA reliance was eliminated since May

    4%
  3. Snap elections in Greece bring state's liquidity constraints into focus

    Economy

    Assistance (ELA) mechanism to cover the incremental liquidity. Greek banks currently cover

    4%
  4. SYRIZA hits back in funding row, says it could issue T-bills and use repos

    Economy

    Liquidity Assistance (ELA) mechanism. The cost of the latter currently stands at 1.55 percent, 150 bps above

    4%
  5. Newsletter 11 - 16/01/2015

    Newsletters

    Emergency Liquidity Mechanism (ELA) at a higher cost. This would lead to corporate and household loan

    4%
  6. The bad hand being dealt to Greece's next government

    Agora

    Liquidity Assistance (ELA) as a precautionary move. While local lenders are in much better shape than

    4%
  7. Greece and lenders with conceptual, as well as practical, gaps to bridge
    Photo by Harry van Versendaal

    PoliticsGreek Politics

    turned to the European Central Bank’s Emergency Liquidity Assistance (ELA) for back up. The ECB’s board

    4%
  8. The alternative of (tax-based) capital controls for Greece
    Photo by MacroPolis

    Agora

    controls with the discontinuation of ELA. These capital controls would provide ample time for the Greek

    4%
  9. So far and yet so near for Greece and eurozone after second abortive Eurogroup
    Photo by EU Council Eurozone https://flic.kr/p/dUgXKJ

    PoliticsGreek Politics

    Liquidity Assistance (ELA) to Greek banks will be under discussion. Concluding a deal before

    4%
  10. Greece's key pledges and requests at the Eurogroup meetings
    Photo by EU Council via Flickr https://flic.kr/p/gDJF7A

    PoliticsGreek Politics

    billion that the Greek government is due from the ECB ‘profit’-rebate agreement; a flexible ELA, a rise

    4%