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  1. Tech start-ups click into place to fight off Greek recession
    Photo by Harry van Versendaal

    Society

    for start-ups to receive European Union funding through the National Strategic Reference Framework... with $100,000 of seed funding. Their software development kit (SDK) is now one of the most popular in the world... only a small amount of funding to start, they are usually able to get this from angel investors

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  2. Greece unveils MTFS seeing 4.2 bln primary surplus in 2014 but just under 2 bln fiscal gap in 2015-16
    Photo by MacroPolis

    EconomyMacroeconomy

    of funding needs, the MoF points out that two Greek banks (Alpha and Piraeus) have repaid... 2014 resulting in a reduction of funding needs by 5.1 billion. This amount equals to the country’s funding gap for 2014. The government will also utilize the cash reserves of the general government

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  3. Eurobank: From nationalisation to re-privatisation

    Agora

    of both banks’ acquisition by Eurobank. In particular, Hellenic Postbank’s funding gap and capital of 3.7.... Proton Bank’s initial funding gap of 862 million was covered by the Hellenic Deposit and Investment Guarantee Fund in 2011, while an additional funding gap of 260 million was covered by the HFSF in 2012

    2%
  4. Deposits rise for third straight month in May, reaching 162.1 bln

    EconomyMacroeconomy

    to the replacement of ECB funding by interbank lending and - to a lesser extent - ongoing deleveraging... of ECB funding collaterals in the form of uncovered government guaranteed bank bonds, which amounted to 49 billion euros at the end of 2013 that that would no longer be eligible for ECB funding purposes

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  5. Greece said to eye exit plan with precautionary support but no new MoU
    Photo by MacroPolis

    EconomyProgramme

    of the pivotal presidential vote in Parliament in February. Funding needs There was a report on Friday morning in Kathimerini newspaper regarding the government’s plan to cover its funding needs over... billion euros are disbursed then Greece would not face any funding issue until June 2015

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  6. Greek deposits increase for seventh straight month, reaching 164 bln

    EconomyMacroeconomy

    in the 9-month period of 2014, Greek banks’ reliance on Eurosystem funding has been slashed by more than 30 billion euros in the year to date. Lower central nank funding primarily reflects the capital raising of 8.3 billion euros by the four systemic banks, replacement of ECB funding by interbank

    2%
  7. Alpha Bank nine-month profits at 110.3 mln, NPL ratio at 33.6 pct
    Photo by MacroPolis

    EconomyBanking

    percent QoQ to 491 million euros, reflects higher deposit NII and lower funding cost more than... with lower Eurosystem funding cost has resulted in an annualised benefit of 400 million from... half of the recorded QoQ improvement of 4 percentage points. Eurosystem funding dropped by 2.2

    2%
  8. Greek deposits down 0.2 pct in October after seven months of rises
    Photo by MacroPolis

    EconomyMacroeconomy

    cut their Eurosystem funding by 26 billion euros in the year to date. Lower reliance on central bank funding followed the capital raising of 8.3 billion by the four systemic banks. It also reflects the replacement of ECB funding by interbank lending mainly via EFSF bonds, ongoing loan deleveraging

    2%
  9. SYRIZA looking for six-month breather from troika
    Photo by MacroPolis

    PoliticsGreek Politics

    , especially the European Central Bank, in order to overcome the funding and debt obstacles that may... since November Between 12 and 13 billion euros from other funding tools such as securitisations... that state-guaranteed bank bonds, which make up the majority of ECB funding collateral, are not eligible

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  10. Newsletter 11 - 16/01/2015

    Newsletters

    debt. Hardouvelis stressed that this money is necessary to cover the country’s funding needs... without any support from a European mechanism. 4. Greek banks would lose ordinary ECB funding, which... prerequisites for various parliaments in the euro area to accept the release of outstanding funding

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