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Eurosystem funding drops by 699.8 mln in September
EconomyMacroeconomyeuros, while Emergency Liquidity Assistance (ELA) stood at 1.9 million euros. In January, the BoG had announced that it would discontinue the publication of its regular ELA-ceiling bulletin as the amount... had fully eliminated ELA funding from their balance sheets. Compared to September 2018, Eurosystem
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Greece in danger of repeating familiar mistakes with Golden Dawn
Agorafor engaging with Golden Dawn, a party which spreads hate and whose self-confessed aim is to crush... who come to Greece. This is not engaging with Golden Dawn voters, it is pandering to them. Together
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China's Footprint in Southeast Europe: Constructing the "Balkan Silk Road"
Agoranumerous policy challenges for countries engaging in or seeking to benefit from its implementation... railway links (e.g. Moscow – Kazan), providing lending to Russian banks and engaging
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Learning the lessons of Greece's toxic decade
AgoraSkopje’s aspirations of joining the EU and is engaging in diplomatic initiatives to help... the mistakes of the past, such as engaging in cheap stunts while in opposition only to be forced
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Greek banks' Eurosystem funding down for second month in a row in Feb
EconomyMacroeconomyreflects a drop almost equally split between ELA funding (by 1.55 billion to 8.57 billion... (67.6 billion) since its peak at 135.60 billion in June 2012. The ELA mechanism was launched by BoG... of ELA funding passed the 100-billion-euro mark for the first time in February 2012 and remained
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Eurosystem funding drops by another 2.8 bln to 101.4 bln in March
EconomyMacroeconomyLiquidity Assistance (ELA) and the ECB funding. It is largely attributed to replacement of both funding sources by interbank repos, according to market sources. ELA funding declined for the fifth straight... mix remained unchanged, with ELA funding making up 65 percent of the total. It is worth noting
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Eurosystem funding falls 8.6 bln in June in aftermath of waiver reinstatement
EconomyMacroeconomyfrom a drop in the Emergency Liquidity Assistance (ELA) funding by 10.44 billion euros, partly offset...) programme and - to a lesser extent - ongoing loan deleveraging. ELA funding landed at 54.37 billion... billion euros, reflecting a drop in ELA and ECB funding by 32.4 and 7.03 billion respectively. Following
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Eurosystem funding falls by another 4.4 bln in August
EconomyMacroeconomylargely stems from a decrease in Emergency Liquidity Assistance (ELA) funding, which declined by 2.55... repos, according to market sources. It is worth noting that the ELA funding has been trimmed... government securities, the lower haircut applied to ELA collateral, the participation of Greek banks
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September drop of 3.1 bln is 15th straight month of decline in Eurosystem funding
EconomyMacroeconomyat 56.04 billion. The recorded drop reflects a decline in both ECB and Emergency Liquidity Assistance (ELA... to market sources. ELA funding landed at 47.56 billion euros in September. It has been trimmed by 39.21..., lower haircut applied on ELA collateral and participation of Greek banks’ EFSF holdings in the ECB’s
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In 16th successive fall, Eurosystem funding drops by 3.5 bln in Oct
EconomyMacroeconomyto a reduction in both the ECB and the Emergency Liquidity Assistance (ELA) funding by 2.24 and 1.29 billion.... At the same time, ELA funding narrowed to 46.27 billion euros, while has been reduced by 40.6 billion... of reinstatement of waiver on Greek government securities and lower haircut applied on ELA collateral
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