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World Bank sets out savings Greece can make from streamlining welfare benefits
EconomyProgrammewelfare review (SWR) in line with the World Bank findings. Other funding sources include permanent...The funding of the guaranteed minimum income (GMI) emerged as one of the most contentious issues... of 350-400 million euros for the GMI funding. Government sources argue it is lower and could be also
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ECB set to provide extra liquidity to Greek banks but capital needs remain an issue
Economycovering the capital shortfall of 5.8 billion (under the binding baseline scenario) identified... that this will happen. Greek bank’s ECB funding collateral is made up of state-guaranteed bank bonds (up to 40..., is that according to a March 2013 ECB statement they would no longer be eligible for funding purposes
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NBG reports net profits of 131 mln in Q1, accelerating profitability
EconomyBankingof this year. Non-binding offers have also been received for Project Mirror, an unsecured portfolio.... Eurosystem funding came to 2.3 billion in Q4 and was unchanged QoQ. As of the end of 2017, NBG had fully eliminated Emergency Liquidity Assistance. The total amount currently consists of TLTRO funding from
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The state of play with Greek banks' liquidity
Economyof Greek banks’ access to Emergency Liquidity Assistance (ELA) funding. The request submitted by the Bank... for the approval like other ECB funding operations such as TLTROs. However, ELA can be restricted if the ECB... stands at 1.55 percent, 150 basis points above the respective ECB funding cost of 0.05 percent
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Audit of Greek debt adds to pressure on Tsipras in creditor talks
PoliticsGreek Politicswith lenders more complicated by publishing the preliminary findings of a debt audit committee she..., but Konstantopoulou felt it had covered enough ground to issue its first findings on Wednesday, some two... preliminary findings certainly make it much more difficult for Tsipras to bring back an agreement
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Newsletter 454 - 07/03/2025
and after the crash. Its findings were fairly damaging for the government because they justified... populist forces. Some of the qualitative findings will make even more dire reading for the government... concerning findings, 67.7 pct of respondents said the government had lost its legitimacy
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Opposition takes aim at justice minister over offshore holdings amendment
PoliticsGreek Politicsto the causes of a fire on the crash site. Government officials welcomed the findings, claiming they dealt.... Floridis called for the opposition to apologise in light of the new findings for taking advantage... the New Left party questioned why the government was celebrating the findings of the report since
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Survey shows that Greeks cut back on healthcare visits in 2017
Societyon visits to the doctor. The findings were presented at the 13th congress on management, economics.... This can be interpreted as an outcome of slashed public health funding during the years of the crisis... and Crete had the lowest (64.4 percent). The findings reflect that those with a more stable economic
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SYRIZA pushes alternative cost-of-living package but govt support still a vote-winner
PoliticsGreek Politicsround, the gap widened further to 9.7 pct. The findings suggest that despite the derision heaped... as an attempt to enhance transparency around media ownership and funding, however critics fear it opens... funding will be allocated. While this is presented as a response to the criticism the government
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What are the implications of the ECB's decision for Greek banks?
Economylenders. This move means that such collaterals would not be eligible for ECB funding as of February... banks’ ECB funding stood at 56 billion euros at the end of December. This figure reportedly rose close.... At the end of September, Greek banks had pledged 17 billion EFSF bonds for ECB funding and 18 billion
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