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The immediate economic and financial hurdles for the new Greek government
EconomyProgramme2 billion euros and new funding could stem from extraordinary T-Bill issues of 1.5 – 2 billion... for T-Bills, an approval by the troika is required for any incremental borrowing using this funding tool. Additional T-Bill issues would be probably primarily or solely covered by Greek banks, since
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Another euro stitch unpicked
Agoraare going to be incredibly tense, there isn’t now. The European Central Bank’s decision on Wednesday... in the short-term by issuing T-Bills, for which Greek banks would probably be the only bidders. A six-month T-Bill issue on Wednesday attracted the lowest bid-to-cover ration since July 2006 as Athens
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What are the implications of the ECB's decision for Greek banks?
Economyare pillar III bonds, Greek government bonds (GGB) and T-Bills. For the first two categories, the total... November, foreigner investors’ take up of T-Bill issues (15 billion) was around 60 percent. However... euros, have gradually increased their participation in T-Bill rollover as of December. Another important
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Greek gg primary cash surplus at 2.2 bln in 2014, arrears down to 3.75 bln
EconomyMacroeconomyMoM to 324.13 billion at the end of December, reflecting an increase in T-Bills by 1.69 billion.... This change stems from a net decrease in long-terms bonds by 9.7 billion and in T-Bills by 442 million... billion 3) Exchange of 1.67 billion T-Bills via 3- and 5-year bond re-opening in September. Short term
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Greek funding needs add to pressure in talks between Athens and lenders
EconomyProgrammeand to issue additional T-Bills of 10 billion by increasing the current limit of 15 billion to 25 billion... to be covered. On the T-Bills issue, Greece successfully rolled over 2.4 billion euros of 3- and 6-month T-Bills earlier this month. Note, though, that they were almost fully covered by Greek investors
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Ahead of Eurogroup, Greece juggles funds to cover liquidity shortage
EconomyProgrammeThis week Greece has to rollover 1.6 billion euros in 3-month T-Bills. Since foreign investors stopped... euros worth of those T-Bills before February 18. That was a key date since the European Central Bank recently requested Greek banks not to increase their T-Bill exposure at levels higher than those
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After paying IMF, Greece looks to cover remaining funding needs for March and April
EconomyProgrammeeuros worth of T-Bills. Local media reported that Chinese investors participated with 150-200 million euros in two of the three T-Bills issues this month. According to Kathimerini daily though... of those companies to invest a part of their cash in T-Bills. The government’s ideal options include
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Greek C/A deficit shrinks by 17 pct in April as imports drop faster than exports
EconomyMacroeconomyin residents’ external asset, which stems from a drop in residents’ holdings of foreign bonds and T...-residents’ investment in Greek government bonds and T-Bills. For the 4-month period, net assets from... and T-Bills by 11.3 billion, partially offset by an increase in residents’ investment in foreign stocks
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Have inflation "repay" Greek debt and growth reduce indebtedness
Agora: “We are indifferent as regards a haircut if (a) we don’t have to repay those loans for a very, very... of this measure would be equal to the cost of funding the 80 BEUR when those 80 billion don’t generate...’t be a line item titled “cost of Greek credit losses”. Instead, those 800 million would be buried
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Current account surplus jumps to 4.25 bln in July on SMP returns and nosedive in imports
EconomyMacroeconomyby 1.1 billion in holdings of foreign bonds and T-Bills. At the same time, residents’ net external...’ holdings of Greek government bonds (GGBs) and T-Bills. For the 7-month period, residents’ external assets... and T-Bills partly offset by an increase by 7.1 billion in residents’ investment in foreign shares
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