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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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Economic sentiment fell to 81.3 in July for the sharpest historical monthly drop
EconomyMacroeconomyGreece’s economic sentiment (ESI) dropped for the fifth successive month at a marked accelerating..., whilst the current ESI reading is 22.9 points lower than the post-crisis high of 104.2 recorded a year ago. The ESI fell to a historic low of 74.8 in March 2009 and displayed high volatility until June
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Business indicators rise for second successive month in October
EconomyGreece’s economic sentiment (ESI) improved for the second straight month by 3.4 points to 86.5 in October, European Commission (EC) data displayed on Thursday. Over the past two months, ESI has risen... in the 3-year period until Jun 2012, ESI considerably increased by more than 26 points until June 2014
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Economic sentiment improves 4 pts in Jan but consumer confidence worsens 2.8 pts
EconomyMacroeconomyGreece’s economic sentiment (ESI) improved by another four points in January when it rose to 91.6... May 2015. Since the beginning of the Greek crisis, ESI has fallen to a historic low of 75.2... 2014. In the following months ESI deteriorated, hitting a low of 76.1 in August 2015. There has been
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Economic sentiment and consumer confidence climb in July after review conclusion
EconomyMacroeconomyGreece’s economic sentiment (ESI) climbed by 4.2 points in July, after edging up by 0.8 points... in ESI and all other business indicators is attributed to the positive sentiment generated by the conclusion of the second programme review. Specifically, ESI surged to 98.2 in July, which is the highest
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Economic sentiment improves again in Aug, consumer confidence climbs by 4.5 pts
EconomyMacroeconomyGreece’s economic sentiment (ESI) continued in August its steady rise over the last three months... month, European Commission (EC) figures revealed on Wednesday. The notable improvement in ESI since May... lifted months of uncertainty and improved the general sentiment. Specifically, ESI came closer
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