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Greek banks' Eurosystem funding at 13-month high of 104.2 bln in Feb as ELA rises
EconomyMacroeconomyLiquidity Assistance (ELA) funding jumped by 60.41 billion MoM to 65.64 billion in February. The monthly... banks. A week ago, the ECB approved a 2-week extension of ELA funding for Greek banks also increasing the funding limit by 500 million to 68.8 billion. This is almost 3 billion above the end-February ELA
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Greek banks' Eurosystem funding at lowest since Jan 2010; ELA also wiped out
EconomyMacroeconomy. In addition, the Emergency Liquidity Assistance (ELA) funding was eliminated at just 3.6 million... the year-end figure of 73 billion, which comprised at that time ECB funding of 63.2 billion and ELA... to date is directly linked to that ECB directive. The May data also showed that the ELA funding
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Eurosystem funding drops by another 3.9 bln in May, ELA down 2.1 bln
EconomyMacroeconomya decline in the Emergency Liquidity Assistance (ELA) funding by 2.08 billion and in ECB funding by 1.78 billion. ELA funding fell to 64.81 billion euros, which is its lowest level since January 2015.... Since the agreement reached at the EU Summit in July last year, ELA funding has dropped by almost
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Greek banks' Eurosystem funding jumps to 87.4 bln in Jan, ELA at 5.2 bln
EconomyMacroeconomyhighest level since August 2011. In addition, ELA funding rose from zero since May 2014 to 5.23... funding at around 38 billion (solely related to EFSF bonds) and ELA funding at around 65 billion... of ELA funding to Greek banks, while the current limit of 65.3 billion may be affirmed since
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ELA funding down by 8.6 bln in Dec for sharpest drop since July
EconomyMacroeconomyto a sharp decrease in the Emergency Liquidity Assistance (ELA) funding by 8.57 billion, at the fastest pace since July. Over the past six months, ELA funding has been trimmed by 17.86 billion... of the ELA funding was replaced by the much cheaper ECB funding largely as a result of the ESM bonds
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ELA funding down by 1.48 bln in July for first monthly drop since May 2014
EconomyMacroeconomyto a month-on-month drop in the Emergency Liquidity Assistance (ELA) funding by 1.48 billion euros to 85.29... zero at the end of December. The ECB had kept the ELA limit for Greek banks stable until mid-July... agreement. So, we conclude that the lower ELA use in July most likely reflects increased deposit
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ELA funding down by 1.23 bln in August for second successive fall
EconomyMacroeconomyin the Emergency Liquidity Assistance (ELA) funding for the second straight month by 1.34 billion to 83.95 billion... the ELA limit for Greek banks by 1.3 billion to 89.7 billion, on the back of improving liquidity.... On September 3, ECB decided to further lower the ELA limit by another 600 million to 89.1 billion. However
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Podcast - Long live the revolution: The legacy of Greece's 1821 war of independence
AgoraGreece is celebrating the 200th anniversary of its war of independence, which began in 1821 and allowed Greeks to free themselves of Ottoman rule and oppression, and form their own nation-state. To mark this occasion, we spoke to Sakis Gekas, the Hellenic Heritage Foundation (HHF) Chair of Modern
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PWC report finds Greek fire damage above average despite lower incidence
SocietyA report by PricewaterhouseCoopers (PwC) which examined Greece’s firefighting capabilities has... to PWC, which was found to be less than the average among southern European countries. Despite... hectares when compared to non-election years. PWC identified three main causes for Greece suffering
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Greek banks set for early ELA return in apparent precautionary move
Economyrequests for ELA funding at some point in February, particularly because collateral of 21 billion euros..., the provision of ELA are incurred by the BoG. The cost of ELA funding is 150 bps over ECB main refinancing operations rate and currently stands at 1.55 percent. Used in the past Funding from the ELA
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