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Greek deposits edge up for second month in April, reach 161.3 bln
EconomyMacroeconomy’ deposit base has not improved in 2014, their reliance on Eurosystem funding has retreated by 11 billion... in May. Lower funding from the ECB is attributed to higher interbank lending and continued... respectively in the past two months. Greek banks should gradually replace the bulk of ECB funding
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IMF report sees a number of risks lying ahead for Greece
EconomyProgrammeof alternative funding have decreased the projected 2020 debt ratio by 1 pp each. Debt sustainability..., there is a funding gap of 12.6 billion in 2015, notably for the seven months after May 2015. The IMF says that the Greek authorities have mobilised alternative resources to meet funding needs
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Coalition caught between pleasing lenders and voters ahead of next troika review
PoliticsGreek Politicson the funding gap. Greece is on course to meet its fiscal targets and believes that with some hard work over the summer the structural side can be taken care of as well. However, the funding issue will depend... to boost lenders’ capital adequacy. The rest could be used to cover the funding gap. The Greek
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Finance Ministry challenges SYRIZA's plans for economy, ups cost
Economybillion. Revenues Another major issue highlighted by the MoF involves the funding of SYRIZA’s measures... that tackling tax evasion requires a long time to bear fruit, while the other funding sources identified by SYRIZA are not realistic. The government argues this would create an imminent funding gap that would
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If it's debt restructuring you're looking for, Regling's not your man
Agorabillion maturing in five years and more. According to the funding operations section of the same... of different maturities. The EFSF has a total of over 199 billion euros under its funding programme... although still following the philosophy of taking advantage of the low funding costs of the short end
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Banks’ EFSF bonds QE eligible but with little impact on liquidity
Economyin the programme. The bulk of banks’ EFSF bond holding were used until now as collateral for ECB funding... in the form of ECB funding with the cash they would get from the EFSF bond sales reducing accordingly their ECB funding reliance, which is currently provided at almost zero interest rates. From an accounting
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S&P raises core Greek banks’ ratings, with a stable outlook
Economy. In addition, their funding positions will remain highly unbalance resulting in continued reliance on Eurosystem funding to cover their liquidity needs, S&P stresses. A rating upgrade would require... that would result in lower reliance on ECB funding, return to profitability and asset quality
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SYRIZA holds fire as Eurogroup expectations continue to be lowered
PoliticsGreek Politicsif the International Monetary Fund (IMF) does not join the Greek programme with funding but did not suggest... commit funding to the Greek programme once the debt relief measures are settled. This indicates... the table on June 15 satisfied enough to join the programme once more with funding. The report also
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Greece gets bigger tranche from Eurogroup but Tsipras misses other key targets
PoliticsGreek Politicson debt relief measures in order to immediately join the Greek programme with new funding. Greece’s... “following the review of the national cohesion policy funding envelopes for the period from 2017–2020... of a 14-month Stand-by Agreement but stated clearly that no funding would be released until
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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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