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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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Eurosystem funding falls by 3.58 bln in September
EconomyMacroeconomymostly by a fall in Emergency Liquidity Assistance (ELA) funding by 2.37 billion euros. European Central Bank (ECB) funding fell by 1.21 billion to 13.23 billion euros. ELA funding has fallen every... review. The reduction in ELA funding in September had largely been anticipated, as the ECB has been
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Eurosystem funding falls by 4.46 bln in November, banknotes in circulation decline
EconomyMacroeconomymovement was driven by a drop in Emergency Liquidity Assistance (ELA) funding by 2.90 billion euros... billion euros. ELA funding has fallen every month this year except for February, when a marginal rise... as confidence in the conclusion of the programme grew. A fall in ELA funding had been anticipated
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Eurosystem funding falls by 1.24 bln in Jan, banknotes in circulation fall below Nov 14 figure
EconomyMacroeconomyAssistance (ELA) funding to around 290.8 million. At the same time, European Central Bank (ECB) funding... in January, the BoG had announced that it would discontinue the publication of its regular ELA-ceiling bulletin as the threshold had now fallen under 2 billion euros. The total elimination of ELA funding
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Eurosystem funding falls by 825 mln in Feb, banknotes in circulation rise by 50 mln
EconomyMacroeconomymillion euros in Emergency Liquidity Assistance (ELA) funding to around 94.7 million. At the same time.... In January, the BoG had announced that it would discontinue the publication of its regular ELA-ceiling bulletin as the threshold had now fallen under 2 billion euros. The total elimination of ELA funding
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Kammenos dismisses talk of coalition rift but maintains Macedonia name objections
PoliticsGreek Politicsof the Independent Greeks (ANEL) parliamentary group, which was held in the wake of mounting rumours... neighbour should not be allowed to use the name “Macedonia.” “ANEL made an honest agreement with SYRIZA... positives. This chimes with the feeling that there seems to be little chance of the SYRIZA-ANEL
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Tsipras and Kammenos set aside speculation and focus on coalition's key goals
PoliticsGreek Politics’s office to insist, as he has done before, that SYRIZA and Independent Greeks (ANEL) will remain... prominent issues. The ANEL leader dismissed the claims of a rift, saying it was the work of “those who..., the prospect of any party jumping into government with SYRIZA if ANEL decides it has had enough
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