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Macron visit to herald deepening of Greek-French defence and energy ties
PoliticsForeign Policyof bilateral relations. The renewal of the agreement preserves the mutual defence clause, unchanged... dimension of Greek–French bilateral relations remains central. The planned joint visit by Macron... sources confirm that the renewed bilateral agreement, set for a five-year term with automatic
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ECB refuses Greek government bonds as collateral: What does it mean?
EconomyAssistance (ELA) mechanism. According to the latest official BoG data, Greek banks' ECB funding... still be used for ECB funding. In addition, Greek banks can resort to the ELA mechanism for funding... previously non-ECB eligible. However, their funding cost through the ELA will be higher at 1.55 percent
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Another euro stitch unpicked
AgoraClub” days, the ECB now admits that ELA is available and will step in to take the place... and fully protected through its access to ELA,” said the Finance Ministry. As long as Greek banks are able to maintain access to liquidity through ELA then there is no reason for panic at home
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The ECB's strict rules apply if you dare not comply
Agoraprogramme, two times on the Emergency Liquidity Assistance (ELA) that Greek banks resorted to after the ECB... for the end of April." The ECB is drip feeding Greek banks with liquidity via the ELA provided by Bank of Greece, and with the cap on T-bills issuance as well as the threshold of those that it accepts as ELA
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Eurobank posts loss of 94.4 mln in Q1 as NPLs, Eurosystem funding rise
EconomyMacroeconomyat 463.2 million. However, net interest income (NII) fell 5.4 percent QoQ to 372.8 million on higher ELA.... As expected the bulk (20.8 billion) relates to Emergency Liquidity Assistance (ELA) funding..., the international buffer cannot be transferred to Greece. The breakdown of ELA eligible collateral pool
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Deposit outflow rises to 4.7 bln in April as balances drop to lowest since Sept 2004
EconomyMacroeconomy-November figure of 44.85 billion. Two-thirds of Central Bank funding relate to ELA funding (74.4... bonds. On Wednesday, ECB decided to keep the ELA limit for Greek banks unchanged at 80.2 billion. On the end-April ELA used amount of 74.37 billion, the new ELA limit corresponds to a rise by 5.83
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How Greek banks were left on the brink
Agorato Emergency Liquidity Assistance (ELA) funding exceeding 74 billion at the end of April. Greek banks also... and June 19, the ECB Governing Council has decided to increase the ELA cap for Greek banks by around 9... indicated they had an ELA cash liquidity buffer of 38 billion euros, with NBG and Piraeus at 12 billion
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Banks' trading updates show slight improvement in core pre-provision income, deceleration in NPL formation
Economybanks in Q2. Piraeus Higher Emergency Liquidity Assistance (ELA) costs more than offset lowering... in Q2 with around 60 percent made up by ELA funding. The improving liquidity conditions... has currently an ELA cash buffer in excess of 4 billion. The non-performing loan (NPL) ratio rose
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Eurosystem funding slips by further 1.9 bln to 104.2 bln in Feb
EconomyMacroeconomyof Eurosystem funding with interbank repos. The Emergency Liquidity Assistance (ELA) funding slipped..., ELA funding has been reduced by 18.78 billion euros from the recent peak of 86.77 billion last June..., the Eurosystem funding mix was kept broadly stable with ELA funding making up 65 percent of total
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Eurosystem funding falls below 100-bln mark for first time since Jan 2015
EconomyMacroeconomy. At the same time, the Emergency Liquidity Assistance (ELA) edged up by 693 million euros to 66.89 billion in April. This was the first rise in ELA funding since October with a cumulative decline in the outstanding balance by 16.6 billion over this six month period. Despite the small rise in ELA
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