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  1. Talks to begin on plan to rescue PPC from dire financial straits

    Economy

    be “crazy enough” to buy it. The DG Comp team arrives as the deadline looms for binding offers... in February collapsed. During the initial process, PPC received one binding offer for the Melitis unit... of the two lignite units if no binding offers are received by the renewed deadline. The discussions

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  2. Greek banks’ reliance on Eurosystem fell by 2.36 bln in October

    Economy

    Greek banks’ Eurosystem funding, the combined liquidity they have received from the European... statement. Monthly movement reflects a drop in ELA funding by 1.0 billion euros at 7.95 billion and in ECB funding by 1.35 billion at 62.47 billion. The outstanding balance stood at 70.43 billion euros

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  3. Shortcomings in healthcare seen at forefront of austerity impact in Greece
    Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    Society

    of Hygiene and Tropical Medicine. Published in The Lancet, the study’s findings paint a grim picture..., a third of the street work programmes were cut because of scarcity of funding, despite a documented... of child psychiatric services have been abandoned; and state funding for mental health decreased by 20

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  4. Greek banks set for early ELA return in apparent precautionary move
    Bank of Greece

    Economy

    requests for ELA funding at some point in February, particularly because collateral of 21 billion euros would 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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  5. World Bank sets out savings Greece can make from streamlining welfare benefits
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyProgramme

    welfare review (SWR) in line with the World Bank findings. Other funding sources include permanent...The funding of the guaranteed minimum income (GMI) emerged as one of the most contentious issues... of 350-400 million euros for the GMI funding. Government sources argue it is lower and could be also

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  6. ECB set to provide extra liquidity to Greek banks but capital needs remain an issue
    Photo by MacroPolis

    Economy

    covering the capital shortfall of 5.8 billion (under the binding baseline scenario) identified... that this will happen. Greek bank’s ECB funding collateral is made up of state-guaranteed bank bonds (up to 40..., is that according to a March 2013 ECB statement they would no longer be eligible for funding purposes

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  7. How does ECB's decision on Greek banks' T-Bill exposure affect state liquidity?
    Photo by Kiefer via Flickr https://flic.kr/p/q2j8Dt

    Economy

    legally binding, according to reports. The initial decision was already in effect for the three T...) funding. It is clear that this figure is irrelevant to the limit applied by the ECB on February 18... that the week before the Orthodox Easter is the most crucial for Greece covering April funding needs.

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  8. NBG reports net profits of 131 mln in Q1, accelerating profitability
    Image via www.nbg.gr

    EconomyBanking

    of this year. Non-binding offers have also been received for Project Mirror, an unsecured portfolio.... Eurosystem funding came to 2.3 billion in Q4 and was unchanged QoQ. As of the end of 2017, NBG had fully eliminated Emergency Liquidity Assistance. The total amount currently consists of TLTRO funding from

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  9. The state of play with Greek banks' liquidity
    Photo by MacroPolis

    Economy

    of Greek banks’ access to Emergency Liquidity Assistance (ELA) funding. The request submitted by the Bank... for the approval like other ECB funding operations such as TLTROs. However, ELA can be restricted if the ECB... stands at 1.55 percent, 150 basis points above the respective ECB funding cost of 0.05 percent

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  10. Audit of Greek debt adds to pressure on Tsipras in creditor talks

    PoliticsGreek Politics

    with lenders more complicated by publishing the preliminary findings of a debt audit committee she..., but Konstantopoulou felt it had covered enough ground to issue its first findings on Wednesday, some two... preliminary findings certainly make it much more difficult for Tsipras to bring back an agreement

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