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Eurosystem funding drops by 2.7 bln in June on reduced ELA liquidity
EconomyMacroeconomyfrom a decrease in the Emergency Liquidity Assistance (ELA) funding by 2.77 billion. ECB funding increased by 100 million, the first increase since June 2016. Specifically, ELA funding was reduced... of the second programme review. The lower dependence on ELA funding in June was largely expected
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Eurosystem funding drops by 3.9 bln in July on big decline in ELA
EconomyMacroeconomyin the Emergency Liquidity Assistance (ELA) funding by 3.37 billion, the largest drop since June 2016. Additionally, European Central Bank (ECB) funding fell to 15.8 million. ELA funding was reduced... to the conclusion of the second programme review. The lower dependence on ELA funding in July had largely
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Eurosystem funding drops by 5.1 bln in Aug driven by ELA fall
EconomyMacroeconomyAssistance (ELA) funding by 3.70 billion euros, the largest drop since June 2016. Additionally, European Central Bank (ECB) funding fell by 1.37 billion to 14.44 billion euros. ELA funding was reduced... related to the conclusion of the second programme review. The lower dependence on ELA funding in August
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Eurosystem funding falls by 4.38 bln in October as ELA declines
EconomyMacroeconomyin Emergency Liquidity Assistance (ELA) funding by 5.74 billion euros, which offset a rise in European Central Bank (ECB) funding by 1.36 billion to 14.59 billion euros. ELA funding has fallen every... review. A fall in ELA funding for the month had been anticipated, as the ECB has been lowering
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SYRIZA states intention to continue as minority govt after ANEL leaves coalition
PoliticsGreek PoliticsAgreement, despite the expected departure of junior coalition partner Independent Greeks (ANEL) from... with the Former Yugoslav Republic of Macedonia (FYROM). Defence Minister Panos Kammenos, who leads ANEL... in SYRIZA see the divorce from ANEL as a positive, considering that it was a political compromise
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ELA funding up by 9.2 bln in June, banknotes in circulation reach all-time high
EconomyMacroeconomyattributed to a jump in the Emergency Liquidity Assistance (ELA) funding by 9.19 billion to 86.77... in the ELA funding in June is similar to the increase in the ELA limit as approved by the ECB... briefing last week. Note that the ECB had frozen the ELA limit for Greek bank as of June 26, when
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Eurosystem funding drops by another 4.3 bln in July, largely on reduced ELA reliance
EconomyMacroeconomyreflects a decline in the Emergency Liquidity Assistance (ELA) funding for the third successive... bonds and T-Bills, previously used as collateral for ELA, to ECB funding in the wake... at the end of June 2015. The bulk of that drop stemmed from ELA funding, down by 35.32 billion
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Eurosystem funding down by 1.1 bln in Feb, ELA increases for first time since April
EconomyMacroeconomy. However, the Emergency Liquidity Assistance (ELA) funding increased by 330 million in February.... ELA funding stood at 43.15 billion euros in February up from 42.81 billion in January, which represents the lowest reading since January 2015. The ECB decided to reduce the ELA ceiling for Greek
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ECB increases ELA ceiling for Greek banks by 400 mln for first time since summer 2015
EconomyMacroeconomyLiquidity Assistance (ELA) ceiling for Greek banks by 400 million euros to 46.6 billion following a request made by BoG. The rise in the ELA limit “reflects developments in the liquidity situation... in the ELA ceiling since mid-August 2015, when the ECB started to reduce the limit after it had
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Eurosystem funding falls by 2.2 bln in March, ELA drops after brief rise in Feb
EconomyMacroeconomyAssistance (ELA) funding by 775 million in March after a brief rise of 334 million in the previous... caused by the delay in the conclusion of the second programme review. ELA funding edged down to 42.37... uncertainty. Following a request by the BoG, the ECB decided to increase the ELA ceiling for Greek banks
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