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Government feels the heat over investigation on anniversary of Tempe rail crash
PoliticsGreek Politicsof the victims. The anniversary coincides with the winding up of the evidence phase
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Greek banks less reliant on Eurosystem funding in September
EconomyMacroeconomyCentral Bank (ECB) and the Bank of Greece (BoG) Emergency Liquidity Assistance (ELA) mechanism, dropped... movement reflects a drop in ELA funding by 2.7 billion euros at 8.96 billion and a rise in ECB... in the past and – to a lesser extent – deposit inflows. The ELA was launched in August 2011 as a lender
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Greek banks’ reliance on Eurosystem fell by 2.36 bln in October
EconomyCentral Bank (ECB) and the Bank of Greece (BoG) Emergency Liquidity Assistance (ELA) mechanism, dropped... statement. Monthly movement reflects a drop in ELA funding by 1.0 billion euros at 7.95 billion... stalled in the past few months. The ELA mechanism was launched in August 2011 as a lender of last
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Greek banks' Eurosystem funding falls for third straight month, at lowest since Feb 2010
EconomyMacroeconomyLiquidity Assistance (ELA) funding by 5.69 billion to just 2.88 billion, the lowest figure since the ELA launch in August 2011. At the same time, ECB funding also fell by 1.61 billion to 57.81 billion... 2012. The year to date decrease stands at 12.3 billion. The ELA mechanism was launched by BoG back
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Eurosystem funding for Greek banks shoots up by 11.2 bln in December
EconomyMacroeconomyLiquidity Assistance (ELA) funding eliminated in May remained at just 1.1 million euros at the end...) submitted requests to BoG for resorting to the ELA mechanism for an amount of 5 billion euros. Local... at the end of November. ELA was initially launched by BoG in August 2011 as a last resort funding
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Newsletter 19 - 13/03/2015
representing Greece's creditors. Eurosystem funding hits €100bn mark ELA now makes up 63 percent... importantly, the funding mix has dramatically changed with emergency liquidity assistance (ELA) now making up... figures show ELA funding reached 65.6 billion, with ECB funding at 38.6 billion. The difference
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Referendum call finds Greek banks teetering on the edge
EconomyAssistance (ELA) funding from zero in December to 77.58 billion at the end of May. Taking into account.... Since then, the ECB governing council approved an increase in the ELA limit for Greek banks by 7.6... the amount of additional ELA approved. Greek banks had shown in their first-quarter results
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Greek banks: Taking stock of a rough 2015 and looking at what lies ahead
Agorareduced Emergency Liquidity Assistance (ELA) funding and improving deposit spread and mix. However, NII... rise in ELA funding, from zero in the second half of 2014 to a peak of 86.8 billion in June 2015... of the burden of ELA cost on banks, it is worth noting that the Bank of Greece (BOG) reported in its 2015
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Eurosystem funding falls by 1.9 bln in Dec, down by 60 bln since July 2015
EconomyMacroeconomyin Central Bank funding in December mostly reflects a drop in the Emergency Liquidity Assistance (ELA.... Specifically, ELA funding landed at 43.67 billion euros. This is its lowest level since January 2015... billion in ELA funding since its record high 1.5 years ago was recorded in the past seven months
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Eurosystem funding drops by 4.58 bln in January, banknotes in circulation fall
EconomyMacroeconomyAssistance (ELA) funding by 4.19 billion euros to 17.43 billion, along with a smaller decline of 395 million euros in European Central Bank (ECB) funding to 11.67 billion euros. In recent months, ELA funding... that the ELA ceiling for Greek banks would be reduced further by 3.2 billion euros to 16.6 billion
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