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Greek banks on cusp of improved liquidity conditions
Agorarequirements for ECB funding purposes) was initially introduced on December 19, 2012 following a positive... (GGBs), T-Bills, pillar II and III bonds, used as collateral for ECB funding via the Emergency... would no longer be eligible as collateral for ECB funding from March 1, 2015. This means
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Signs of optimism in Greek banks' Q2 results but NPL challenge lies ahead
Agorafrom last year. The improvement mostly reflects lower wholesale funding cost, stemming from the reduced reliance on the Emergency Liquidity Assistance (ELA) funding coupled with lower holdings... figures displayed Greek banks’ reliance on Eurosystem funding dropped by 14.31 billion euros QoQ to 87.14
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The Greek Ombudsman and public administration during challenging times
Agoraof sanction, distinguish it from other control mechanisms and the courts. Its non binding recommendations.... On top of the lack of funding resources, which undoubtedly affects its operations, public administration
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Finance Ministry outlines plans for making savings, increasing revenues
EconomyProgrammeoutlined the three priorities to help cover funding but also supporting the fiscal consolidation... for procurements of up to 60,000 euros. This procedure will be binding not only for state firms but also
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Agreement on third bailout with revised fiscal and macro targets, host of prior actions
EconomyProgrammeof the privatization plan undertaken by the Hellenic Republic Asset Development Fund (HRADF). Announcement of binding... Mechanism to release funding before August 20, when Greece has to meet the maturity of a 3.2-billion-euro
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The ins and outs of the Greek bank recapitalisation process
Economy, since they are not as severe as previously feared, yet it is not clear whether the binding scenario... that “the law relating to government guarantees on DTA will be amended to minimise programme funding
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Review set to resume in Athens as debt talks drag on
PoliticsGreek Politicscoming up in September. As far as Greece is concerned, a clear and binding commitment to making... to participate (with funding of around 4 billion euros). However, reports in the international media suggest
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Tsipras clears hurdle but isn't over finishing line
Agorafunding. It is then that Tsipras will be able to stand before voters and say that it was under his, albeit... will have to live up to their side of the bargain and produce a binding promise regarding debt
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Newsletter 170 -13/07/2018
by 0.8 percent in 2018. Eurosystem funding falls by 4.56 bln in June Figure stands at 16.31 bln for the month, falling under 20 bln Greek banks’ Eurosystem funding declined substantially in June, falling... revealed. June’s reduction brings the total for central bank funding to 16.31 billion euros
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Stress mounts ahead of ECB's tests on Greek banks
Economyat the baseline, which was the binding scenario for capital shortfalls, and 9.4 billion under the adverse... reservations regarding the BoG stress test outcome. The first relates to the binding scenario with IMF noting
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