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

    PoliticsGreek Politics

    that 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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  2. Greek deposits nosedive by 12.8 bln in Jan as balances reach lowest point since Aug 2005
    Photo by MacroPolis

    EconomyMacroeconomy

    elections 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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  3. Greece hopes to catch break from ECB as IMF puts its foot down
    Photo by ECB via Flickr https://flic.kr/p/qhZVDy

    PoliticsGreek Politics

    at 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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  4. Deposit outflows eased to 3.86 bln in May, balance below 130 bln

    EconomyMacroeconomy

    uncertainty 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

    4%

  5. June deposit outflow rises to 7.58 bln as total balance drops to lowest in 12 years

    EconomyMacroeconomy

    three 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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  6. Refugee influx pushes Tsipras towards crisis nexus

    Agora

    of a delayed reaction to a problem that until recently only affected its outer borders. It increased the emergency funding for the migration crisis by 73 million euros and the European Commission will propose... will be as pressing as that of humanitarian aid. And, yes, this does require significant funding, as Tsipras

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  7. NBG Q2 trading update shows higher pre-provision income, marked improvement in NPL formation
    Photo by MacroPolis

    EconomyBanking

    . The deadline for the publication of Greek banks’ Q2 financial statement was extended until the end... reflecting: a) the higher reliance on the Emergency Liquidity Assistance (ELA) funding, which comes... outflows also led to increased dependence on Eurosystem funding by 4 billion euros to 27.6 billion

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  8. Government faces tight schedule for amendments to bailout legislation

    EconomyProgramme

    loans (NPLs) with state guarantees, which are exempted from sale until the end of 2017, according... to reinstate the waiver on Greek government securities for Greek banks’ access to ECB funding subject... (ELA) to ECB funding. Assuming also a reduction in the haircut applied to this collateral, Greek

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  9. Eurogroup grants short-term debt relief but leaves Athens fretting over fiscal targets and IMF
    Photo via Fosphotos

    EconomyProgramme

    of medium-term debt relief appears to have been set aside until 2018. This could be a major headache... tranche of the 2nd Greek programme for the year 2017 and the use of the EFSF/ESM funding strategy... ESM funding costs. He said that the combination of the measures would lead to Greek debt-to-GDP ratio

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  10. EU-Greece island containment policy slammed as refugees endure squalid winter camps
    Photo by Panayotis Tzamaros/Fosphotos

    Society

    has until now shifted between NGOs, the military and the government, the Ministry of Migration holds... this year put estimates of aid funding received by Greece at around 803 million dollars since 2015..., which directed EU funding to Greek authorities rather than NGOs, prompted many NGOs to scale back

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