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  1. Athens seeks talks with Erdogan as Turkey steps up diplomatic activity in region
    Image: https://www.primeminister.gr/

    PoliticsForeign Policy

    to a large extent the new UN-led efforts aiming at finding a resolution on the Cyprus issue. Within... governments seem unlikely to take conclusive steps to resolve their bilateral disputes. In any case

    14%

  2. SYRIZA hits back in funding row, says it could issue T-bills and use repos

    Economy

    Liquidity Assistance (ELA) mechanism. The cost of the latter currently stands at 1.55 percent, 150 bps above...The issue of covering short-term funding needs remains at the forefront of the confrontation... the same funding tools as the current coalition, the Finance Ministry (MoF) issued a press release

    14%

  3. Greek banks push for return to normality

    EconomyBanking

    of Emergency Liquidity Assistance (ELA). As of July, BoG noted that Greek banks’ Eurosystem funding declined... by approximately 20.66 billion. The decline in July was driven by a fall in ELA funding which went down by 2.48... million to stand at 8.18 billion. Greek banks are anticipating that reliance on ELA funding

    14%

  4. This is where Greek gov't could find cash to cover May's obligations
    Photo by MacroPolis

    EconomyProgramme

    to be paid in May and June respectively. These amounts exclude T-Bill roll-overs. Finding cash... with additional Emergency Liquidity Assistance (ELA) money.

    14%

  5. Eurogroup stresses need for quick review, leaves some issues open
    Photo by EU Council Eurozone https://flic.kr/p/sspzHv

    PoliticsGreek Politics

    in Athens “fact-finding and preparing the ground” so that there can be a “quick start” to the review... to normal levels. His comments came as new figures showed that Greece’s reliance on ELA had dropped

    14%

  6. Newsletter 269 -16/10/2020

    Newsletters

    shows deficit of 7.01 bln September figures show decline in revenues On a monthly basis, net revenues... primary balance recorded a deficit of 7.01 billion euros in the first nine months of 2020, compared

    14%

  7. Newsletter 271 -30/10/2020

    Newsletters

    at 7.01 bln September figure confirmed as missing target by 9.58 billion euros The budget primary balance recorded a deficit of 7.01 billion euros in the first nine months of 2020, compared to a surplus

    14%

  8. Newsletter 118 - 12/05/2017

    Newsletters

    Liquidity Assistance (ELA) and ECB funding by 269 and 266 million, respectively. Specifically, ELA... to the lower reliance on ELA funding. Monthly change reflects a similar drop in both ELA and ECB funding..., Tzanakopoulos described the court as issuing a “non-binding opinion” rather than a “ruling”. He also said

    14%

  9. Alpha Bank profits at 41 mln in Q3, reach 53.3 mln in 9M
    Image via www.alpha.gr

    EconomyBanking

    euros. Funding cost deescalation continued in Q3 2018, driven by reduced ELA reliance as well... in wholesale funding cost is expected in Q4 2018 as ELA approaches full elimination. On an aggregate... and fell by a further 300 million by November. Specifically, Emergency Liquidity Assistance (ELA

    14%

  10. Athens sees many benefits in renewal of defence cooperation with Washington

    PoliticsForeign Policy

    -by-step bilateral progress by diplomats and successive governments of both countries, diplomatic... bilateral agreement with clear references to sovereign rights and sovereignty. Foreign Minister Dendias... Partnership defensive agreement with France, our country is adding another link to the chain of its bilateral

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