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Eurosystem funding drops by another 2.8 bln to 101.4 bln in March
EconomyMacroeconomyLiquidity Assistance (ELA) and the ECB funding. It is largely attributed to replacement of both funding sources by interbank repos, according to market sources. ELA funding declined for the fifth straight... mix remained unchanged, with ELA funding making up 65 percent of the total. It is worth noting
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Eurosystem funding falls 8.6 bln in June in aftermath of waiver reinstatement
EconomyMacroeconomyfrom a drop in the Emergency Liquidity Assistance (ELA) funding by 10.44 billion euros, partly offset...) programme and - to a lesser extent - ongoing loan deleveraging. ELA funding landed at 54.37 billion... billion euros, reflecting a drop in ELA and ECB funding by 32.4 and 7.03 billion respectively. Following
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Eurosystem funding falls by another 4.4 bln in August
EconomyMacroeconomylargely stems from a decrease in Emergency Liquidity Assistance (ELA) funding, which declined by 2.55... repos, according to market sources. It is worth noting that the ELA funding has been trimmed... government securities, the lower haircut applied to ELA collateral, the participation of Greek banks
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September drop of 3.1 bln is 15th straight month of decline in Eurosystem funding
EconomyMacroeconomyat 56.04 billion. The recorded drop reflects a decline in both ECB and Emergency Liquidity Assistance (ELA... to market sources. ELA funding landed at 47.56 billion euros in September. It has been trimmed by 39.21..., lower haircut applied on ELA collateral and participation of Greek banks’ EFSF holdings in the ECB’s
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In 16th successive fall, Eurosystem funding drops by 3.5 bln in Oct
EconomyMacroeconomyto a reduction in both the ECB and the Emergency Liquidity Assistance (ELA) funding by 2.24 and 1.29 billion.... At the same time, ELA funding narrowed to 46.27 billion euros, while has been reduced by 40.6 billion... of reinstatement of waiver on Greek government securities and lower haircut applied on ELA collateral
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Eurosystem funding drops at sharper pace of 3.6 bln in Jan
EconomyMacroeconomytime, Emergency Liquidity Assistance (ELA) funding dropped for the ninth straight month, albeit... billion euros, of which more than two thirds (44 billion) relates to lower ELA funding... applied on ELA collateral, participation of Greek banks’ EFSF holdings to ECB quantitative easing (QE
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Eurosystem funding decline picks up pace to 3.26 bln in April
EconomyMacroeconomy. The decline was entirely driven by a fall in Emergency Liquidity Assistance (ELA) funding by 3.34... funding has increased. In recent months, ELA funding has been steadily falling, with the latest reduction coming on April 12, when the ECB announced that the ELA ceiling for Greek banks would be reduced
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What the ECB did next - a tale from another crisis
Agoraon Emergency Liquidity Assistance (ELA) to the Greek banking sector created an arguably inevitable... to be satisfied through the relevant national central bank, by means of ELA. Greek banks therefore could... was limited by the amount set by the ECB as the ceiling for ELA. What in fact happened through 2015
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Handling of energy crisis under fire as gas interruption tests supply security
PoliticsGreek Politicssupplier DEPA said it had received prior notice from Gazprom and had made preparations, including topping... measures, as an interruption of gas supplies from Russia is set to provide a first crash test... of gas supplies from Russia”. On Monday it emerged that gas flows on the TurkStream pipeline which
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Newsletter 343 - 24/06/2022
for a week to undergo annual maintenance. Gas supplier DEPA said it had received prior notice from Gazprom and had made preparations, including topping up supplies in storage. The company noted... for the worst-case scenario of “a total loss of gas supplies from Russia”. On Monday it emerged that gas
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