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Newsletter 411 - 09/02/2024
as an anti-populist social progressive. Although the vote is non-binding, and has no immediate
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Greece's relations with neighbours in Western Balkans becoming more complex
PoliticsForeign Policyit will vote in favor or against it. While not legally binding, General Assembly resolutions carry
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North Macedonia's new president triggers diplomatic row with Greece on her first day
PoliticsForeign Policycontinues on the path of reforms and full respect for its binding agreements, including the Prespa
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After Q3 results, what next for Greek banks?
Agoraon 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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General government cash surplus widens to 3.68 bln in November, arrears down by 502 mln
EconomyMacroeconomyat 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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Greece's extension proposals to the Eurogroup and what they mean
PoliticsGreek Politicsto 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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Gov't adopts patchwork of measures to overcome liquidity problems
EconomyProgrammeOvercoming 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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Piraeus Bank net losses at 332 mln in Q4 2014, NPLs drop under 39 pct
EconomyBankingsynergies 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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Higher revenues set to ease coalition's liquidity concerns
EconomyProgrammeThe 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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What higher ECB haircuts on collateral could mean for Greek banks' liquidity
Economyof 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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