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The risk of losing control before help arrives
Agoraotherwise, until we reach the other side of the bridge, we face daunting challenges from private... of lockdown restrictions until at least December 14. Until doses of vaccines go into the arms of willing... safe. Blunting the surge in infections cannot wait until the arrival of the vaccines. Until
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Eurobank: From nationalisation to re-privatisation
Agoraat 95.2 percent and remained constant until the recent capital increase of 2.86 billion. For Proton... of both banks’ acquisition by Eurobank. In particular, Hellenic Postbank’s funding gap and capital of 3.7.... Proton Bank’s initial funding gap of 862 million was covered by the Hellenic Deposit and Investment
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Greek deposits increase for seventh straight month, reaching 164 bln
EconomyMacroeconomyeuros in outflows that had been posted until then. Despite the relatively limited deposit flow in the 9-month period of 2014, Greek banks’ reliance on Eurosystem funding has been slashed by more than 30 billion euros in the year to date. Lower central nank funding primarily reflects the capital
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Greek deposits down 0.2 pct in October after seven months of rises
EconomyMacroeconomyuntil then. Although deposit inflows are rather limited since the beginning of the year, Greek banks cut their Eurosystem funding by 26 billion euros in the year to date. Lower reliance on central bank funding followed the capital raising of 8.3 billion by the four systemic banks. It also reflects
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Newsletter 11 - 16/01/2015
in its portfolio until maturity. One immediate victim of this impasse is the development of budget... debt. Hardouvelis stressed that this money is necessary to cover the country’s funding needs... without any support from a European mechanism. 4. Greek banks would lose ordinary ECB funding, which
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Greece's key pledges and requests at the Eurogroup meetings
PoliticsGreek Politicsthat have been rejected by our people. We propose the bridge program to cover the period until end-August..., in association with European investment institutions such as the European Investment Banks, funding... of additional payments to the IMF. These payments create very exceptional pressure on Greece’s funding needs
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Greek deposits nosedive by 12.8 bln in Jan as balances reach lowest point since Aug 2005
EconomyMacroeconomyelections until the end of December were wiped out with the net flow now pointing to an outflow of 3.14... were forced to switch a large part of ECB funding to the Emergency Liquidity Assistance (ELA) scheme. According to banking sources, Eurosystem funding passed the 100-billion mark in February, with 38
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Greece hopes to catch break from ECB as IMF puts its foot down
PoliticsGreek Politicsat this stage, putting off any agreement until June or of the IMF taking this opportunity to peel away... by the Greek government as the only way for it to cover its funding needs (including a payment... a deal on the remaining measures in order to unlock the 7.2 billion euros in bailout funding that has
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Deposit outflows eased to 3.86 bln in May, balance below 130 bln
EconomyMacroeconomyuncertainty until January and then by sovereign concerns and fears for the imposition of capital... as of February 11 (previously used for ECB funding purposes) resulted in a sharp increase of Greek banks’ ELA funding to 77.6 billion at the end of May from zero at the end of December. Including ECB
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June deposit outflow rises to 7.58 bln as total balance drops to lowest in 12 years
EconomyMacroeconomythree weeks until mid-July. Since then, the ELA limit has been raised twice by 900 million euros each... in Greek banks’ Eurosystem funding by 10.17 billion in the same month. More than 90 percent of this monthly increase in Central Bank funding stemmed from Emergency Liquidity Assistance (ELA) funding
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