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Troika and Greece in stalemate over budget targets, prior actions as time ticks away
EconomyProgrammeat the beginning of next year, Greek banks may not have access to ECB funding but resort only to Emergency Liquidity Assistance (ELA). Greek banks have eliminated the more expensive ELA funding since last May
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General gov't primary cash surplus rises to 3.4 bln in Oct but arrears also growing
EconomyMacroeconomyin September. Short-term loans relate to intra-government funding via the cash reserves of the gg... as of June. That development reflected Greek banks’ zero reliance on ELA funding as of May
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Conditions for Greek ECCL reportedly outlined in German document
EconomyProgrammethat Greece’s funding needs for 2015 range between 6 and 12 billion euros. This means that the 10.9 billion could cover more than 90 percent of the upper-end of the anticipated funding gap. Reports
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Greek deposits almost unchanged at 164.3 bln in November
EconomyMacroeconomyfunding by more than 28 billion euros in the year to date. This development followed the capital... in the first half of the year and is also attributed to replacement of ECB funding by interbank lending
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Where did all the money go?
Agoraallocation to the Greek state’s operating needs was just 11 percent of the total funding, at circa 27..., to the tune of 2.3 billion euros. The breakdown of how the programme funding was allocated clearly
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How SYRIZA says it will fund its economic policies
Economythe funding of the 3-pillar programme initially revealed at the International Trade Fair (ITF... by the following four funding sources: 1) Utilization of the Hellenic Financial Stability Fund (HFSF) capital
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The bad hand being dealt to Greece's next government
Agora, the option of turning to T-Bill issues to cover short-term funding needs is not currently... as it takes over. Repos near limit The scope for turning to another short-term funding tool, which
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Moody's explains why it sees SYRIZA win as credit negative
Economyoutflows increase Greek banks’ reliance on ECB funding, which is contingent on a troika support... raises doubts about the funding of SYRIZA fiscal programme focusing on short-term fiscal measures
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Newsletter 14 - 06/02/2015
to 10 billion euros of T-Bills to cover Greece’s short-term funding needs, carrying... the new Greek government might be willing to offer in return for securing the funding it needs over
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Greece and eurozone reach tentative deal, much undecided
EconomyProgrammeit will have to cover its funding needs on its own. These stand at 4.7 billion for the 3-month period... guaranteed securities allowing Greek banks to resume access to ECB funding. Such a decision along
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