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  1. Greek banks' liquidity position at the centre of attention
    Photo by MacroPolis

    Economy

    are insolvent or pulls the Emergency Liquidity Assistance (ELA). The Finance Ministry (MoF) issued... the ELA limit for Greek banks and further postpone any decision for an increase in the haircut applied on ELA collaterals. Our analysis showed that under the current collateral valuation and haircut

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  2. Where has the money withdrawn from Greek banks gone?
    Photo by MacroPolis

    Agora

    of the limit on Emergency Liquidity Assistance (ELA), which is revised by the ECB every week, suggests the ELA funding available for Greek banks increased by 5.6 billion euros in April. This indirectly suggests a similar amount of outflows for this month. However, since the ELA cap is not fully used

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  3. Greek stock market up by 3.5 pct over week amid hope of bailout deal

    Economy

    in Riga, the European Central Bank decision to marginally increase Greek banks’ ELA funding... in the middle of next week regarding the increase of the ELA limit and a potential haircut on Greek banks’ ELA collateral. On May 20, the ECB decided to raise the ELA cap by just 200 million to 80.2

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  4. Deposit flow turns negative again in April with outflows of 139 mln
    Photo by Panayotis/Tzamaros

    EconomyMacroeconomy

    flow, Greek banks’ Emergency Liquidity Assistance (ELA) funding declined further by 269 million month... the ELA mechanism has been reduced by 1.04 billion. It is also worth noting that the ECB decided on May 18 to further cut the ELA ceiling for Greek banks by 1.2 billion euros after a marginal

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  5. Deposit inflows increase to 1.1 bln in June
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    . Following the recorded inflows in June, Greek banks’ reliance on the Emergency Liquidity Assistance (ELA... the beginning of the year, the liquidity withdrawn from the ELA mechanism has dropped by 5.74 billion... the ELA ceiling for Greek banks by a total of 3.1 billion. As a result, the ELA limit currently

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  6. What will be on the agenda for talks between Merkel and Tsipras?

    Agora

    that in light of the damage done to bilateral Greek–German relations in the course of recent weeks... provided to Greek banks through emergency liquidity assistance (ELA). As the Greek government’s

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  7. Greece changing direction on energy policy, warms to US-backed projects
    Photo by David Gibson via Flickr https://flic.kr/p/oATenb

    PoliticsForeign Policy

    and the TAP pipeline, the spur that we’re talking about, going from there up to Bulgaria,” said... energy security. We think that there are enormous opportunities here to spur grow throughout Europe

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  8. Government opts for modest tax relief, but who will benefit?

    EconomyFeatures

    tax cuts that it believes will relieve the burden on the middle class and help to spur much-needed.... New Democracy hopes that tax relief for businesses will help to spur much-needed economic growth

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  9. NBG raises 300 mln from SME loan securitisation in first such Greek transaction since 2007
    Photo by MacroPolis

    EconomyBanking

    at the same time its reliance on the Emergency Liquidity Assistance (ELA) funding. From the peak of around 18 billion euros in July 2015, the bank said it has reduced ELA funding by almost two-thirds... Eurosystem funding stood at 20.8 billion euros in mid-May, of which 11.2 billion relate to ELA

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  10. Newsletter 113 - 31/03/2017

    Newsletters

    reliance on emergency liquidity assistance (ELA) funding and lower time-deposit costs, which were... for the increase of 330 million in the ELA liquidity withdrawn by Greek banks in February, which stood at 43.15 billion, up from 42.81 billion in January. Moreover, ECB decided last week to increase the ELA

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