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  1. North Macedonia's new president triggers diplomatic row with Greece on her first day
    Photo via https://flic.kr/s/aHsmCvcg47

    PoliticsForeign Policy

    continues on the path of reforms and full respect for its binding agreements, including the Prespa

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  2. After Q3 results, what next for Greek banks?

    Agora

    on Eurosystem funding and change in the wholesale funding mix towards the cheaper ECB funding. The quarterly... be provided by the recent ECB rate cut, which is expected to further lower their funding cost by a total 180... funding gap. The recently rumoured warrant-linked issue arose from the upcoming capital increase

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  3. 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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  4. 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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  5. Gov't adopts patchwork of measures to overcome liquidity problems

    EconomyProgramme

    Overcoming a lack of liquidity and covering its funding needs until June are fast dominating... Management Agency (PDMA) said funding needs (excluding T-Bill roll-overs) stand at 6.55 billion... may be utilised by the state to cover short-term funding needs primarily through purchases of T

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  6. 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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  7. Higher revenues set to ease coalition's liquidity concerns
    Photo by MacroPolis

    EconomyProgramme

    The Greek state has to imminently cover funding needs of around 1.2 billion euros this week in two... million from the Manpower Employment Organisation (OAED). The second important funding obligation... that a part of the total amount of 867 million is still available to cover upcoming funding needs

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  8. 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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  9. 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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  10. 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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