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Greek banks' Eurosystem funding jumps to 87.4 bln in Jan, ELA at 5.2 bln
EconomyMacroeconomyhighest level since August 2011. In addition, ELA funding rose from zero since May 2014 to 5.23... of ELA funding to Greek banks, while the current limit of 65.3 billion may be affirmed since
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The ECB's strict rules apply if you dare not comply
Agoraon the Greek waiver decision. Whatever the question about Greece may have been, the message Draghi... percent, which may not be an outright haircut but certainly results in a greatly reduced burden. A state
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Here's why Greece's fiscal difficulties will dominate the agenda
EconomyProgrammetarget increases to 3.4 billion euros in April and further to 3.8 billion in May (see following... may have landed at the even lower level of 0.6 percent of GDP. In the discussions held
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Greek banks' Eurosystem funding at 13-month high of 104.2 bln in Feb as ELA rises
EconomyMacroeconomyin May 2012 followed by the 123.30 billion posted in November 2012. Following Greek banks’ successful..., ELA was eliminated in May 2014 and remained at zero until the end of 2014.
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Coalition ready to pass first legislation as agenda for lenders' talks grows
PoliticsGreek PoliticsCommission, European Central Bank, European Stability Mechanism and IMF progress well, the ECB may... government can issue. The prospect of swift progress in the talks may be hampered, though, by the issue
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Greek gov't tables draft law on installments for unpaid taxes: Here's what's in it
EconomyMacroeconomythe collectability of public revenues. Tax arrears created until March 1 2015 may be included... of the single property tax (ENFIA). The set date for tax settlement is the end of May and tax debtors have
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Tsipras hopes to muddle through, avoid internal clash for now
PoliticsGreek Politicsby Dijsselbloem’s suggestion this week that Greece may soon have to impose capital controls, as Cyprus did... for remaining in the euro and compromising with creditors may make it easier for Tsipras to back down
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Greek austerity programme compromising some basic rights, EU Parliament report finds
Societyguaranteeing a basic pension of 360 euros a month, an amount that may be reduced if economic performance... of cases to the courts, the measures may have hindered “citizens’ right to access to justice, especially
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Fitch downgrades Greek IDRs three notches to CCC, sees damage to recovery
EconomyIn an unexpected move on Friday evening, Fitch Ratings downgraded Greece’s long-term Issuer Default Ratings (IDRs) by three notches to ‘CCC’ from ‘B’. The scheduled rating review was on May 15... but their asset quality is weak and may deteriorate further within the year. Although it is not its expectation
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Parliament's bailout probe has potential to be politically toxic
PoliticsGreek Politicshas already objected to the fact that the investigation will only seek to cover the period from May.... For the coalition, the inquiry may prove a welcome distraction for domestic media and public opinion
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