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Mitsotakis and Erdogan keep ties on even keel despite ongoing differences
PoliticsForeign Policythe state of relations between their two countries while pledging to further enhance bilateral ties. The improvement of bilateral relations with Turkey is yielding concrete and positive results, Kyriakos...,” Mitsotakis said. He added that bilateral relations have been progressing, as agreed by the parties, on three
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Name deal and Beleri case test Greece's relations with North Macedonia, Albania
PoliticsForeign PolicyAthens is facing a testing period in its bilateral relations with its neighbouring countries North... Gerapetritis said yesterday that Greece’s objections to Albania and North Macedonia are not bilateral... for optimism in Athens about the course of the future bilateral relations. On Tuesday, Mitsotakis
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Greece and Turkey press on with high‑level meeting despite renewed frictions
PoliticsForeign Policyin a different environment, one that is casting a shadow over bilateral relations. To begin with, Turkey has... certainly did not help bilateral relations. “We are not willing to consider it an action that Greece would... a significant impact on international relations. Erdogan cancelled his bilateral meeting
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Macron visit to herald deepening of Greek-French defence and energy ties
PoliticsForeign Policyof bilateral relations. The renewal of the agreement preserves the mutual defence clause, unchanged... dimension of Greek–French bilateral relations remains central. The planned joint visit by Macron... sources confirm that the renewed bilateral agreement, set for a five-year term with automatic
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ECB refuses Greek government bonds as collateral: What does it mean?
EconomyAssistance (ELA) mechanism. According to the latest official BoG data, Greek banks' ECB funding... still be used for ECB funding. In addition, Greek banks can resort to the ELA mechanism for funding... previously non-ECB eligible. However, their funding cost through the ELA will be higher at 1.55 percent
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Another euro stitch unpicked
AgoraClub” days, the ECB now admits that ELA is available and will step in to take the place... and fully protected through its access to ELA,” said the Finance Ministry. As long as Greek banks are able to maintain access to liquidity through ELA then there is no reason for panic at home
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The ECB's strict rules apply if you dare not comply
Agoraprogramme, two times on the Emergency Liquidity Assistance (ELA) that Greek banks resorted to after the ECB... for the end of April." The ECB is drip feeding Greek banks with liquidity via the ELA provided by Bank of Greece, and with the cap on T-bills issuance as well as the threshold of those that it accepts as ELA
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Eurobank posts loss of 94.4 mln in Q1 as NPLs, Eurosystem funding rise
EconomyMacroeconomyat 463.2 million. However, net interest income (NII) fell 5.4 percent QoQ to 372.8 million on higher ELA.... As expected the bulk (20.8 billion) relates to Emergency Liquidity Assistance (ELA) funding..., the international buffer cannot be transferred to Greece. The breakdown of ELA eligible collateral pool
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Deposit outflow rises to 4.7 bln in April as balances drop to lowest since Sept 2004
EconomyMacroeconomy-November figure of 44.85 billion. Two-thirds of Central Bank funding relate to ELA funding (74.4... bonds. On Wednesday, ECB decided to keep the ELA limit for Greek banks unchanged at 80.2 billion. On the end-April ELA used amount of 74.37 billion, the new ELA limit corresponds to a rise by 5.83
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How Greek banks were left on the brink
Agorato Emergency Liquidity Assistance (ELA) funding exceeding 74 billion at the end of April. Greek banks also... and June 19, the ECB Governing Council has decided to increase the ELA cap for Greek banks by around 9... indicated they had an ELA cash liquidity buffer of 38 billion euros, with NBG and Piraeus at 12 billion
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