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SYRIZA's move to aid small parties puts spotlight on Kammenos leverage
PoliticsGreek PoliticsGreeks (ANEL), whose parliamentary group is close to the point of no longer being recognised... relevance is declining ahead of the general elections later this year. ANEL looks set to suffer... with ANEL leader Kamemnos and is expected to sit as an independent. This would leave Kammenos with just five
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Clashes add to political tension over division, police violence
PoliticsGreek Politicsadvised them that the man who had been beaten was a member of a radical left group and had been... as police clashed with some protestors. One policeman was dragged off his motorcycle and beaten. Along
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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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Eurosystem funding rises by 786 mln in December, banknotes in circulation rise
EconomyMacroeconomy2015. The monthly movement was driven by an increase in Emergency Liquidity Assistance (ELA) funding... in European Central Bank (ECB) funding to 12.06 billion euros. December’s rise in ELA funding... as confidence in the conclusion of the programme grew. In recent months, ELA funding has been steadily
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Banks try to build on growing confidence
EconomyBankingon central bank funding and emergency liquidity assistance (ELA) is also declining steadily, which... on July 26 that the ECB had lowered the ELA ceiling for Greek banks to 8.4 billion. In its latest..., which fell by 2.32 billion to 8.99 billion euros, and Emergency Liquidity Assistance (ELA) funding which
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Eurosystem funding falls by 978 mln in Nov, banknotes increase for fourth month
EconomyMacroeconomyfigure was driven by a drop of 859 million in Emergency Liquidity Assistance (ELA) funding to 2.71... million euros seen in October, which was the first rise since December 2017. In recent months, ELA... announced that the ELA ceiling for Greek banks would be reduced further by around 100 million euros
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