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Tsipras steps in amid concern deal with lenders slipping away
PoliticsGreek Politicsthat would secure further bailout funding and solve the government’s growing liquidity problem might... the conditions are in place for funding to be released following the next finance ministers’ gathering on May... bailout funding. An Alco opinion poll for Proto Thema newspaper on Sunday indicated that the majority
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Deposit outflows eased to 3.86 bln in May, balance below 130 bln
EconomyMacroeconomyas of February 11 (previously used for ECB funding purposes) resulted in a sharp increase of Greek banks’ ELA funding to 77.6 billion at the end of May from zero at the end of December. Including ECB funding in the form of EFSF bonds of 38.8 billion, Greek banks’ Eurosystem reliance stood at 116.4
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June deposit outflow rises to 7.58 bln as total balance drops to lowest in 12 years
EconomyMacroeconomyin Greek banks’ Eurosystem funding by 10.17 billion in the same month. More than 90 percent of this monthly increase in Central Bank funding stemmed from Emergency Liquidity Assistance (ELA) funding
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Refugee influx pushes Tsipras towards crisis nexus
Agorawill be as pressing as that of humanitarian aid. And, yes, this does require significant funding, as Tsipras... the emergency funding for the migration crisis by 73 million euros and the European Commission will propose... that Greece had failed to absorb tens of millions in EU funding for migration issues because it had not yet
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NBG Q2 trading update shows higher pre-provision income, marked improvement in NPL formation
EconomyBankingreflecting: a) the higher reliance on the Emergency Liquidity Assistance (ELA) funding, which comes... outflows also led to increased dependence on Eurosystem funding by 4 billion euros to 27.6 billion.... This is almost entirely attributed to a similar change in ELA funding, which rose to 17.6 billion in Q2 from
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Negative deposit flow of 1.12 bln in Jan
EconomyMacroeconomynot yet provided the evolution of Eurosystem funding for January, which is due in the coming days. Since July, central bank funding has dropped by 19.1 billion until the end of December primarily reflecting a reduction in the Emergency Liquidity Assistance (ELA) funding by 17.9 billion. In addition
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Government faces tight schedule for amendments to bailout legislation
EconomyProgrammeto reinstate the waiver on Greek government securities for Greek banks’ access to ECB funding subject... (ELA) to ECB funding. Assuming also a reduction in the haircut applied to this collateral, Greek banks would benefit from lower funding costs for a total liquidity amount of 6-7 billion. It is worth
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Deposit flow turns negative, outflows of 153 mln in July
EconomyMacroeconomy, Greek banks’ dependence on Eurosystem funding further dropped by 4.3 billion in July reflecting a decrease in the Emergency Liquidity Assistance (ELA) funding by 2.93 billion, while ECB funding also
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Newsletter 92 - 14/10/2016
, respectively. Eurosystem funding fell for the 15th straight month in September, dropping by 3.15 billion... assistance (ELA) funding by 1.82 and 1.33 billion, respectively. Overall, the Greek banks’ reliance on central bank funding has been reduced by 32.2 billion since the beginning of the year, largely
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Some progress in first round of talks but most second review issues remain unresolved
EconomyProgrammeas funding of the guaranteed minimum income (GMI), where substantial progress has been achieved but which... to have different views on the GMI funding. The institutions reportedly proposed the reduction..., mainly due to GMI funding. The Greek side argued that the revenue outperformance in the first nine
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