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S&P puts Greece on watch for downgrade after sizing up new coalition
Economya consensus on the terms and conditions of additional funding, particularly in view of the strong incentives... creditors will conclude with official funding intact and with only limited collateral damage... because official funding has beem curtailed, government borrowing requirements have deteriorated beyond
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After rocky start, some political backing for SYRIZA but ECB holds key
PoliticsGreek Politicsending on February 28, there is a danger that Greek banks could no longer eligible for ECB funding... have turned to the ECB’s Emergency Liquidity Assistance (ELA) for funding. The ECB’s governing... weeks to roll over existing short-term debt but also covering funding needs, given that Varoufakis has
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Greek deposits nosedive by 12.8 bln in Jan as balances reach lowest point since Aug 2005
EconomyMacroeconomywere forced to switch a large part of ECB funding to the Emergency Liquidity Assistance (ELA) scheme. According to banking sources, Eurosystem funding passed the 100-billion mark in February, with 38... statement, which shows Eurosystem funding, for January in early March. February figures are due in mid
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Alpha Bank net losses rise to 440mln in Q4 2014, NPL ratio at 33 pct
EconomyBanking115 percent in Q3. Eurosystem Eurosystem funding rose to 14.8 billion euros at the end of Q4 from... of 2 billion. The February breakdown showed ELA funding at 17.6 billion and ECB funding at 4.8
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As hopes of April 24 deal fade, differences between Greece and lenders remain
PoliticsGreek Politicsunlock funding will carry over into May. Although some Greek government officials insist a deal... of at least some of the 7.2 billion euros in remaining bailout funding but the institutions insist... not receiver further bailout funding. There is no clear picture on whether the government can continue
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Greece hopes to catch break from ECB as IMF puts its foot down
PoliticsGreek Politicsby the Greek government as the only way for it to cover its funding needs (including a payment... a deal on the remaining measures in order to unlock the 7.2 billion euros in bailout funding that has... will not approve the release of the IMF’s 3.5-billion-euro share of the current bailout funding. However
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Newsletter 30 - 12/06/2015
its short-term funding needs, mainly related to IMF payments, as well to substitute foreign investor... that the Greek banks have placed with the ECB as collateral for funding purposes. Those bonds were granted... and reduce its short-term funding needs. Greece, the eurozone and the IMF have over the last five years
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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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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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