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Eurogroup inconclusive on new Greek proposals but opens path for agreement
PoliticsGreek Politicsthe Emergency Liquidity Assistance (ELA) to Greek banks. However, as happened on Monday, this may... for the third time over the past five days the ELA limit for Greek banks. The amount was not disclosed..., finding policies they disagree with. This could prove a particularly corrosive process within SYRIZA
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Newsletter 69 - 08/04/2016
on Thursday that the ECB lowered the emergency liquidity assistance (ELA) limit for Greek banks by 1.4 billion to 69.9 billion euros. Since mid-August, the ELA cap has been slashed by 21.1 billion... is the biggest gain for the Greek government, which is finding it increasingly difficult to deal
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Newsletter 12 - 23/01/2015
Assistance (ELA) funding. The BoG in turn requested approval from the ECB for the four banks, including... on February 4. Although the liquidity of Greek banks seems to be secured with access to ELA funding.... In many ways Greece is currently sitting on a winning lottery ticket as regards its energy mix capacity
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Newsletter 129 - 28/07/2017
Assistance (ELA) funding fell further by 2.77 billion month-on-month to 37.93 billion at the end... reduce the ELA ceiling by a total of 3.1 billion.... a chance of winning an outright majority at the next elections and fears of overreach by the executive
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Growth, not just of the economic variety
Agorastage. Nevertheless, in the journey along the winding, precipitous road towards better days.... One of the less obvious ones involves the media finding a role that lies far from the extremes
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Banks' reliance on Eurosystem funding eases for seventh straight month in Nov
EconomyMacroeconomyCentral Bank (ECB) and the Bank of Greece (BoG) Emergency Liquidity Assistance (ELA) mechanism, marginally.... Monthly movement reflects an increase in ELA funding by 1.46 billion euros to 9.42 billion and a drop..., while deposit inflows have stalled in the past few months. The ELA mechanism was launched
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Greek banks' reliance on Eurosystem funding rose in December for first time since April
EconomyMacroeconomyCentral Bank (ECB) and the Bank of Greece (BoG) Emergency Liquidity Assistance (ELA) mechanism, rose... - for the first time since April 2013 - reflects a marginal increase in ELA funding by 0.37 billion... the end of 2012 and 46 percent (62.6 billion) since its peak in June 2012. The ELA mechanism was launched
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Eurosystem funding for Greek banks eases by 2.18 bln in January
EconomyMacroeconomyfrom the European Central Bank (ECB) and the BoG Emergency Liquidity Assistance (ELA) mechanism stood... the increase of 2.55 billion recorded in December. In contrast, the ELA funding marginally rose... the ELA mechanism in August 2011 as a lender of last resort to facilitate Greek banks’ access
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Greek Eurosystem funding up by 2.9 bln in March, reaches total of 107.1 bln
EconomyMacroeconomyAssistance (ELA) funding by 2.87 billion to 68.51 billion. This was the highest reading since December 2012. The monthly increase in the ELA funding most likely reflects an equal amount of deposit... that Greek banks can still place with the ECB for liquidity purposes. The jump of ELA funding above
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Eurosystem funding drops by 3.3 bln in Nov for 17th straight monthly fall
EconomyMacroeconomyBank funding is attributed to a decline in both the ECB and the Emergency Liquidity Assistance (ELA..., when the third eurozone bailout programme was agreed. Meanwhile, ELA funding edged down to 45.04... securities and lower haircut applied on ELA collateral coupled with participation of Greek banks
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