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What are the implications of the ECB's decision for Greek banks?
Economy(BoG) and the Emergency Liquidity Assistance (ELA) mechanism. Reaction in Athens The Greek Finance... capitalized and fully protected via the ELA” The numbers According to the latest official BoG data, Greek... for funding. Bear in mind that the funding cost through the ELA is higher (1.55 percent), 150 basis points
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Newsletter 27 - 22/05/2015
promises. EBC lifts ELA marginally Deal delay would put pressure on Greek bank liquidity The ECB decided on Wednesday to marginally increase the emergency liquidity assistance (ELA) limit for Greek banks... February. It had been rumoured Athens would ask for the ELA cap to be increased by 1.1 billion
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Govt mulls tighter controls on movement, seeks to boost health supplies and Covid-19 tests
PoliticsGreek Politicssupplies, primary care response, and testing for the virus. With Easter rapidly approaching, government... acknowledged that they are finding it difficult to secure hospital supplies, including ventilators..., the head of civil protection Nikos Hardalias has taken to describing the hunt for supplies
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Legislative developments on restructuring and liberalisation of Greek electricity market
Legalwithout prior permission. Application for permission for other use of copyright material including... Electricity Suppliers to the national energy mix, stimulating healthy competition between Suppliers
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What GDPR compliance means for businesses and consumers
Legalof copyright material including permission to reproduce extracts in other published works shall be made... with customers and suppliers. At the same time, at this stage, the security of the information systems... requirements, including reviewing existing contracts of employment, contracts with customers and suppliers
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Greek households switch to natural gas in record numbers as winter approaches
EconomyFeaturesintroduced by the local gas supplier, are thought to have accounted for an additional 10,000... consumers will be able to choose their gas supplier. In anticipation of this new opening in the market, 28 new companies have been licensed to act as gas suppliers, a role fulfilled until now only
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2014 is not 2012
Agorafor different reasons and their banks resorted to the Emergency Liquidity Assistance, the famous ELA. Banks turn to ELA when they don't meet the criteria of the standard financing operations of the ECB. ELA is provided by the national central bank and is regularly reviewed and thresholds approved
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Newsletter 15 - 13/02/2015
the Emergency Liquidity Assistance (ELA) capacity to Greek banks by an additional 5 billion, up from the 60... at the end of December, equally split between ECB and ELA funding. The cost of ELA is 1.55 percent, 150 bps above that of ECB funding. On the current utilisation of ELA funding of 40 billion, this corresponds
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Eurosystem funding for Greek banks up by 5.6 bln in Apr, reaches 112.8 bln
EconomyMacroeconomyAssistance (ELA) funding by 5.86 billion to 74.37 billion. This is the highest reading since December 2012. The rise in the ELA funding in April is similar to the increase of 5.6 billion in the ELA cap set by the ECB for that period. Since the beginning of April, the ECB has been assessing the ELA limit
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Newsletter 30 - 12/06/2015
Outflows test Greek banks ELA limit sees its highest weekly increase since mid-February... the emergency liquidity assistance (ELA) limit for Greek banks by 2.3 billion to 83 billion, the highest weekly... participants raised doubts about the central bank’s approach on Greek ELA availability ahead of its
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