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Newsletter 19 - 13/03/2015
representing Greece's creditors. Eurosystem funding hits €100bn mark ELA now makes up 63 percent... importantly, the funding mix has dramatically changed with emergency liquidity assistance (ELA) now making up... figures show ELA funding reached 65.6 billion, with ECB funding at 38.6 billion. The difference
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Newsletter 82 - 15/07/2016
to reinstate the waiver and reflects a drop in emergency liquidity assistance (ELA) funding by 10.44 billion.... The significant monthly movement stems from a drop in emergency liquidity assistance (ELA) funding... a fragile coalition of his own Socialist Party, Left Bloc, Communists and Greens. Costa, too, is finding
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Greek banks: Taking stock of a rough 2015 and looking at what lies ahead
Agorareduced Emergency Liquidity Assistance (ELA) funding and improving deposit spread and mix. However, NII... rise in ELA funding, from zero in the second half of 2014 to a peak of 86.8 billion in June 2015... on ELA funding from just 40.5 million in 2014. This bears an interest cost of 150 basis points (bps
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Referendum call finds Greek banks teetering on the edge
EconomyAssistance (ELA) funding from zero in December to 77.58 billion at the end of May. Taking into account... making up a large part of ELA funding) are no longer ELA eligible. It was clear from the beginning.... Since then, the ECB governing council approved an increase in the ELA limit for Greek banks by 7.6
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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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Greek deposits fell by 7.7 bln in Feb and total of 24.6 bln since Dec
EconomyMacroeconomyof this amount (65.6 billion) relates to ELA funding and the remaining 38.6 billion to ECB funding almost entirely comprised by EFSF bonds. The ECB raised on Wednesday the ELA limit for Greek banks by 1.3...-financial companies. Another important finding disclosed by Greek banks is that three quarters
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Eurogroup leaves Greece in limbo, with liquidity drying up
PoliticsGreek Politicsby Greek banks for emergency liquidity (ELA). However, Eurogroup chief Jeroen Dijsselbloem stressed... consequences. The governing council decided on Tuesday to increase Greece's ELA limit by 1.1 billion... to make alternative proposals in these policy areas. Beyond Greece and its lenders finding common ground
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North Macedonia's road to Brussels: Breaking the vicious cycle
Agoraway, the EU is a necessity for the region. Finding complementary, facilitating, alternative.... In addition to bilateral stabilization and association agreements, there are also regional agreements... to "import" bilateral disputes. To break the vicious circle, the Balkans' offer of EU membership must
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Athens aiming to boost EU-Balkan momentum
PoliticsForeign PolicyGreece and North Macedonia and bilateral relations are improving, as evident during the visit... government is aiming to enhance both bilateral relations with the Balkan countries and to make up..., archaeological and educational issues is proceeding slowly, while the committee tasked with finding a solution
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Athens stands by Israel, hopes for de-escalation
PoliticsForeign Policyin Oman, it is also clear that Athens is in favor of finding ways that will prevent a widespread.... The issue - which is mainly of a bilateral nature- has taken a European dimension as Athens has warned... treating the issue as a bilateral spat that “needs to be resolved between the two respective countries
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