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Snap elections in Greece bring state's liquidity constraints into focus
Economythese circumstances, the Finance Ministry (MoF) is reportedly considering alternative funding... and the extraordinary T-Bill issues needed to bridge the funding gap. According to the latest MoF... banks, which use them as collateral for cheap funding with the ECB. For further T-Bill purchases
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ECB refuses Greek government bonds as collateral: What does it mean?
Economythe waiver on Greek banks using junk-rated government bonds as collateral for funding. According... Assistance (ELA) mechanism. According to the latest official BoG data, Greek banks' ECB funding... (at the end of September) would no longer be eligible for ECB funding as of March 1 following a previous ECB
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Newsletter 23 - 17/04/2015
and structural reforms that could form the basis for an agreement to release further bailout funding..., concluding the fifth programme review and unlocking fresh bailout funding. Samaras felt that he could... recognition of those DTCs could exert further pressure on the banks’ capital base. Banks’ Eurosystem funding
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Newsletter 127 - 14/07/2017
ratio up to 45.2 pct Eurosystem funding down by 2.67 bln in June, while banknotes fall by 589 mln... banks’ Eurosystem funding fell for the 24th successive month in June, when it dropped by another 2.67... February this year. As a result, central bank funding landed at 54.25 billion at the end of June
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Newsletter 131 -15/09/2017
Eurosystem funding falls by 5.1 bln The budget primary balance recorded a surplus of 3.55 billion euros... by 20,315 to 917,429 in July. Greek banks’ Eurosystem funding fell for 26 successive months... and the highest since June 2016. As a result, central bank funding landed at 45.30 billion euros
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Newsletter 157 -30/03/2018
. Eurosystem funding drops by 2.80 bln in Feb Emergency Liquidity Assistance decline leads drop in funding Greek banks’ Eurosystem funding fell by around 2.80 billion euros in February, Bank of Greece's (BoG) monthly financial statement showed this week. This decline took central bank funding to 26.30
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Newsletter 220 -20/09/2019
Eurosystem funding drops by 464.8 mln Central bank funding comes to 8.21 billion Greek banks’ Eurosystem funding fell by 464.8 million euros month-on-month (MoM) in August according to the monthly Bank... in European Central Bank (ECB) funding, bringing the total to 8.21 billion euros, while Emergency
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Troika returning to Greece but key decisions still months away
PoliticsGreek Politicswould help Greece and its eurozone partners to focus on wider issues, such as funding gaps for 2014... this would take care of the immediate need for funding, without which Greece would default in May... might take. When will discussions on more funding for Greece take place? Reports in Germany over
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Greece seeks 3-year programme that could exceed 65 bln
EconomyProgrammea week ago provides a good guide on Greece’s funding needs until 2018. However, as IMF managing... interest payments of 17.2 billion euros over this 3.5 year period, Greece’s debt-related funding needs stand at 47 billion. On top of this figure, additional funding needs of 14.7 billion euros
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Piraeus reports net loss of 37 mln in Q1, records negative NPL formation for first time since 2008
EconomyBankingto 478 million largely on reduced funding cost attributed to lower reliance on the Emergency Liquidity Assistance (ELA) funding and government guarantees as well as lower deposit cost. In contrast, fee... the NPE coverage ratio was kept stable at 47 percent. Eurosystem funding dropped by 2.3 billion QoQ
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