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Greek banks set for early ELA return in apparent precautionary move
Economywould no longer be eligible for ECB funding from March 1. However, it appears that liquidity... bank bonds would not qualify for ECB funding eligibility as of March 1, 2015. This date coincides
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Central gov't cash surplus reaches 1.42 bln in 2014 after 1.19 bln deficit in Dec
EconomyMacroeconomyrevenues grew by 1 percent to 47.1 billion euros, with December revenues up 5.1 percent. MoF data.... However, both years’ figures are not fully comparable since they incorporate: 1) Payments of state
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Almost 50 pct rise for new unpaid taxes in 2014 as overall total rises to 73.8 bln
EconomyMacroeconomyand legacy debt amounted to 73.79 billion at the end of December, up by 1 billion month on month... to the legacy debt collections targeted by the Finance Ministry (MoF) at 1 billion in the first half
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Moody's explains why it sees SYRIZA win as credit negative
Economytakeaways from the report include: 1) New coalition government will likely challenge troika stance 2... program. Moody’s forecasts GDP growth at slightly above 1 percent in 2015, while sees significant
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Greece and lenders with conceptual, as well as practical, gaps to bridge
PoliticsGreek Politics. These are: 1) Negotiating directly with European institutions and the International Monetary Fund 2... the relaxation of fiscal targets (Varoufakis says he is aiming for a primary surplus of 1 to 1.5 percent
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The state of play with Greek banks' liquidity
Economyinflows of 1 billion each in December. Banking sources indicate that withdrawals accelerated... to the non-eligibility of a particular type of ECB funding collateral as of March 1. This stems
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Greek time deposit rate falls to 1.82 pct in Dec, lowest during euro membership
EconomyMacroeconomymaturity for amounts above 1 million euros. A similar drop was also evident in November. As a result... 250,000 and 1 million euros). In the household lending segment, the housing loan rate reversed
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Newsletter 15 - 13/02/2015
revenues fell short of target by almost 1 billion euros. According to the Finance Ministry... to an incremental cost of 600 million for Greek banks on an annual basis, which rises near to 1
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Finance Ministry targets 3 bln from unpaid taxes
EconomyMacroeconomypercent of total. The upper bracket, related to tax debt in excess of 1 million euros relates to 2,500... for the 100 instalments. Also, the cap on anyone owing more than 1 million euros benefitting from the payment
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Greece's extension proposals to the Eurogroup and what they mean
PoliticsGreek Politicsthere are seven reasons for the 6-month extension: 1) “To agree the mutually acceptable financial... billion of state-guaranteed collaterals would be, in any case, non-ECB eligible as of March 1
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