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Check, please: How much Alexis Tsipras's first months cost Greece
Agorato a significant funding and liquidity squeeze for his government. The Finance Ministry had to postpone or delay a large part of non-payroll costs from March 2015 to cover its imminent external funding... funding, they dropped back to 3 billion euros at the end of 2014. By July 2015, arrears had reached
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The first cut is the deepest? Greek pension reforms in context
EconomyFeaturessystem is funded by a combination of employee and employer contributions, and state funding. The onset of the crisis put a squeeze on all three funding streams roughly within the same time frame, throwing a system already at breaking point into a perfect storm of recession and austerity. Funding from
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Eurogroup agrees on significant debt relief measures for Greece
EconomyProgrammethe cash buffer will reach 24.1 billion euros and will cover funding needs for 22 months. Debt buyback... Mechanism instalment could be used to pay off the IMF early and reduce Greece’s funding needs... buffer of close to 19 billion euros to cover Greek funding needs for 2018 and 2019. In effect
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NBG remains profitable in Q2 with net results of 21 mln
EconomyBankingcited this as a key driver for the bank’s return to profitability. Eurosystem funding Eurosystem funding... refinancing operations (TLTRO ) funding. NBG remains the only core Greek bank that is off ELA while... without any impact on liquidity or funding cost, as Greek sovereigns were replaced with investment grade
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Moody's explains cautious approach to Greek credit rating upgrade
Economywill also be triggered by a successful return to market funding, as well as faster than anticipated... of being completely removed by early next year. The funding situation of the banks has improved as reliance on central bank emergency funding and Eurosystem liquidity is reduced and deposits return
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Human Rights Commissioner calls for improvements to battered healthcare system
Society, and at the same time increased these needs.” It pointed out the serious under-funding of the health... since 2009. Around 25,000 healthcare staff were also cut. Funding of public hospitals fell by more... and 2012. In addition, state funding for mental health services was cut by a fifth in 2010 to 2011
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November deposit inflows stay negative by 79.4 mln for second consecutive month
EconomyMacroeconomydeposit movements, Greece's banks have been phasing out their reliability on Eurosystem funding. The BoG’s most recent monthly financial statement showed that Eurosystem funding fell by 978 million euros month-on-month in November. As of the latest month, the total for central bank funding comes
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What brought down Golden Dawn?
Societythat was indirect and slow-acting. As a consequence of the charges, Golden Dawn had its state funding frozen, starving it of over a million euros a year (1,272,465 euros in 2018 alone). State funding... to a former party MEP, when this source of funding was lost Golden Dawn’s elected representatives
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Alpha Bank posts net profits of 4.7 mln in Q3
EconomyBankingthe bank’s bond portfolio were partly counterbalanced by the lower wholesale funding costs. The Net... funding is made up fully of European Central Bank funding. As of Q3, ECB funding fell by 900 million euros
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Piraeus Bank posts net loss of 232 mln in Q1 due to Covid-19 impact
EconomyBankingsince early March, totalling 2.2 billion since the start of the year. Funding costs (i.e. interest...-related impact. Balance Sheet Eurosystem funding rose to 2.4 billion in March from 400 million at the end of Q4 2019. This stemmed from the bank’s decision to take advantage of lower Eurosystem funding
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