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Tsipras steps in amid concern deal with lenders slipping away
PoliticsGreek Politicsthat would secure further bailout funding and solve the government’s growing liquidity problem might... the conditions are in place for funding to be released following the next finance ministers’ gathering on May... bailout funding. An Alco opinion poll for Proto Thema newspaper on Sunday indicated that the majority
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Greece hopes to catch break from ECB as IMF puts its foot down
PoliticsGreek Politicsby the Greek government as the only way for it to cover its funding needs (including a payment... a deal on the remaining measures in order to unlock the 7.2 billion euros in bailout funding that has... will not approve the release of the IMF’s 3.5-billion-euro share of the current bailout funding. However
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Piraeus Bank brings Q1 2015 losses down to 69 mln
EconomyBankingjumped close to 120 percent in Q1 from 101 percent in Q4. Eurosystem Eurosystem funding climbed from... billion in mid-May. The breakdown of the most updated figure includes ECB funding of 15.1 billion, mostly due to EFSF bonds of 14.4 billion and ELA funding of 18.1 billion. The latter is almost equally
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Newsletter 30 - 12/06/2015
its short-term funding needs, mainly related to IMF payments, as well to substitute foreign investor... that the Greek banks have placed with the ECB as collateral for funding purposes. Those bonds were granted... and reduce its short-term funding needs. Greece, the eurozone and the IMF have over the last five years
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Deposit outflows eased to 3.86 bln in May, balance below 130 bln
EconomyMacroeconomyas of February 11 (previously used for ECB funding purposes) resulted in a sharp increase of Greek banks’ ELA funding to 77.6 billion at the end of May from zero at the end of December. Including ECB funding in the form of EFSF bonds of 38.8 billion, Greek banks’ Eurosystem reliance stood at 116.4
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June deposit outflow rises to 7.58 bln as total balance drops to lowest in 12 years
EconomyMacroeconomyin Greek banks’ Eurosystem funding by 10.17 billion in the same month. More than 90 percent of this monthly increase in Central Bank funding stemmed from Emergency Liquidity Assistance (ELA) funding
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Refugee influx pushes Tsipras towards crisis nexus
Agorawill be as pressing as that of humanitarian aid. And, yes, this does require significant funding, as Tsipras... the emergency funding for the migration crisis by 73 million euros and the European Commission will propose... that Greece had failed to absorb tens of millions in EU funding for migration issues because it had not yet
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NBG Q2 trading update shows higher pre-provision income, marked improvement in NPL formation
EconomyBankingreflecting: a) the higher reliance on the Emergency Liquidity Assistance (ELA) funding, which comes... outflows also led to increased dependence on Eurosystem funding by 4 billion euros to 27.6 billion.... This is almost entirely attributed to a similar change in ELA funding, which rose to 17.6 billion in Q2 from
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Negative deposit flow of 1.12 bln in Jan
EconomyMacroeconomynot yet provided the evolution of Eurosystem funding for January, which is due in the coming days. Since July, central bank funding has dropped by 19.1 billion until the end of December primarily reflecting a reduction in the Emergency Liquidity Assistance (ELA) funding by 17.9 billion. In addition
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Government faces tight schedule for amendments to bailout legislation
EconomyProgrammeto reinstate the waiver on Greek government securities for Greek banks’ access to ECB funding subject... (ELA) to ECB funding. Assuming also a reduction in the haircut applied to this collateral, Greek banks would benefit from lower funding costs for a total liquidity amount of 6-7 billion. It is worth
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