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Pressing economic tasks mounting up for next Greek government
EconomyProgrammefunding with a cash value of 20 billion would not be ECB-eligible as of March. ELA for banks Three... to Emergency Liquidity Assistance (ELA) funding. The BoG in turn requested approval from the ECB... with access to ELA funding, albeit at a higher cost of 1.55 percent as against the 0.05 percent
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Newsletter 31 - 19/06/2015
assistance (ELA) funding of Greek banks to 74.4 billion at the end of April, up from zero at the end of December. ELA funding is burdened by higher interest costs – 1.55 percent versus 0.05 percent... the end of April to June 17, the ECB increased the ELA limit for Greek banks by 7.2 billion to 84.1
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Newsletter 100 - 16/12/2016
assistance (ELA) funding by 2.06 and 1.24 billion, respectively. Since last May, ELA funding has... and lower haircut applied on ELA collateral, coupled with participation of Greek banks’ EFSF holdings... (pp) from the Q3 2015 figure of 24 percent. Eurosystem funding falls 3.3 billion euros in Nov Value
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Greece lays out plans for debt relief from eurozone
EconomyProgrammerate on the first programme’s bilateral loans (the so-called Greek Loan Facility – GLF) of 52.9 billion euros b) Extending the maturity of bilateral and European Financial Stability Fund (EFSF) loans... will request an extension of the bilateral GLF loans, Greek daily Kathimerini reported on Sunday
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Greek-German relations: Perception versus reality
Agorathis week the amount of bilateral exchange would suggest that both countries are trying to put some... of bilateral cooperation that has been established alongside unnecessary finger pointing. Leaving...). It would be the third of its kind for Germany, after the bilateral institutes already existing
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Greek debt falls to 312.7 bln in Q1 after return of EFSF bonds
Economyof Q1 corresponding to 65.5 percent of debt. Of this amount, 52.9 billion relate to bilateral loans... to Greece have so far reached 226.5 billion euors, of which 194.7 billion relate to the EU (bilateral..., while special purpose and bilateral loans, including those granted by the European Investment Bank
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Is Greece facing a new migration crisis?
Societyat the end of 2017. One notable exception has been a bilateral agreement to relocate 1,000 refugees... and the bilateral protocol adopted in March 2019, just under 2,500 people have been deported from... integration. A key theme of its first bilateral meetings with EU partners has been to renew
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Marginal net losses of 2 mln for Alpha in Q1
EconomyBankingdue to the reduced reliance on the Emergency Liquidity Assistance (ELA) funding, which was offset... reduced by 0.3 billion QoQ to 24.1 billion euros at the end of March with ELA funding at 19.7 billion... in March entailing a liquidity buffer of 3.1 billion. In more detail, from the total ELA collateral pool
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Alpha Bank reports net losses of 16.8 mln in Q2
EconomyBankingon ELA funding and reduced usage of pillar II bonds, was offset by lower loan NII. The latter reflects..., on the back of 1.8 billion that was switched from ELA to ECB funding, due to the waiver reinstatement, while... at the end of June and further by another 1.6 billion in the course of Q3 so far. In particular, ELA
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Alpha Bank posts net profits of 35.5 mln in Q3, NPEs continue to decline
EconomyBankingLiquidity Assistance (ELA) funding has been reduced by a total of 4.1 billion since Q2 to 7.3 billion... billion in June. They stated that further elimination of ELA would be achieved through a combination... profile improved in Q3 with a further increase in our deposit base and reduction in costly ELA
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