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ELA funding down by 1.48 bln in July for first monthly drop since May 2014
EconomyMacroeconomyGreek banks’ Eurosystem funding fell by 1.29 billion euros in July after rising by 10.17 billion.... This was the first drop in central bank funding since September 2014. The absolute figures showed Eurosystem funding landed at 125.29 billion euros at the end of July, from 126.57 billion at the end
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A Greek proposal that deserves to be heard
Agoraand repayments to the International Monetary Fund that create a major funding hump of around 24... reduce its funding needs in the mid-term and help Greece regain market access through eligibility for the ECB’s quantitative easing (QE) programme. Using European Stability Mechanism funding
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Newsletter 104 - 27/01/2017
and matched funding. The ESM reiterated that the implementation of these short-term debt relief measures... pensioners. 2 Eurosystem funding falls for 18th successive month Greek banks have cut... a decrease in emergency liquidity assistance (ELA) funding by 1.37 billion. Greek banks’ Eurosystem funding
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ELA funding down by 1.23 bln in August for second successive fall
EconomyMacroeconomyGreek banks’ Eurosystem funding eased for the second successive month in August, when it fell... statement showed on Monday. In absolute terms, Eurosystem funding stood at 124.06 billion euros... 2014 at 42.57 billion. The decrease in central bank funding is entirely due to a decline
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Newsletter 291 - 02/04/2021
of the success of the plan will ride on the government’s ability to secure the EU funding, which... contractions in inventories as firms struggled to replenish holdings of inputs and finished goods due to delivery delays. Markit analysts commented on the latest findings, saying that while operating
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How Greek banks could cut 2014 financing gap with a bond rollover
Economyidentified two key sources that could reduce – if not eliminate – the emerging funding gap as of July... the central bank’s GGB holdings. “We must find a way to close Greece’s financing gap....” Stournaras noted in the same interview that closing the funding gap with the aforementioned rollover
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Ahead of Eurogroup, Greece juggles funds to cover liquidity shortage
EconomyProgrammeto immediately unlock further funding for Greece. The fact that the proposals have not yet been... disbursement. This means Greece will continue striving to cover its own funding needs without any support... issue, it would be reasonable to assume that local lenders could roll over their holdings without
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Newsletter 100 - 16/12/2016
(pp) from the Q3 2015 figure of 24 percent. Eurosystem funding falls 3.3 billion euros in Nov Value... successive drop, leading Eurosystem funding to its lowest level since December 2014. Greek banks’ Eurosystem funding was reduced by 3.3 billion euros in November, after a broadly similar decline of 3.53
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Greek funding needs add to pressure in talks between Athens and lenders
EconomyProgrammeGreece and its lenders but these talks continue against a backdrop of pressing funding needs... government bonds (GGBs) held by the Eurosystem of 3.5 and 3.2 billion respectively. Thus, funding... of that, funding needs for the last four months of the year total 4.8 billion euros. The cumulative
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Eurobank posts loss of 94.4 mln in Q1 as NPLs, Eurosystem funding rise
EconomyMacroeconomyfunding and government guarantees’ (pillar II) cost. The bank said the bulk of the NII... to March with May flow so far reaming calm, according to the banks’ management. Eurosystem funding.... As expected the bulk (20.8 billion) relates to Emergency Liquidity Assistance (ELA) funding
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