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Much ground to cover as Greece, lenders prepare to resume talks
PoliticsGreek PoliticsGreece and its lenders are due to resume on Saturday negotiations aimed at agreeing a set of reforms that could unlock further funding but there are doubts about whether an agreement could be reached... bailout funding. A number of key stumbling blocks remain, including pension reform and privatisations
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Market value of HFSF's bank holdings plummets by 11 bln in 2014
EconomyBankingcovered by the end of 2014 the funding gap of 12 banks (6 commercial and 6 cooperative banks) under liquidation for a total consideration of almost 13.5 billion euros. The bulk of this funding gap
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General gov't primary surplus halves in Q1, arrears and guarantees jump
EconomyMacroeconomyis delaying a part of the non-payroll cost to cover its short-term funding obligations. In absolute terms... for ECB funding. The remaining 13 percent of total guarantees, which corresponds to 15.9 billion
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Lenders put together proposal that may leave Tsipras struggling
PoliticsGreek Politicsof the bailout funding package. The FT claimed that there are discussions about extending Greece’s... of more bailout funding to cash-starved Greece would provide some relief, it is difficult to see
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ECB increases ELA limit for Greek banks in first positive signal since referendum
Economyof EFSF bonds, which are used as collateral for ECB funding purposes, we understand that ELA funding
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A breakdown of Greece’s revised financing needs as part of its new ESM programme
EconomyProgrammethat 6.2 billion can be considered a permanent source of funding. Repo operations were conducted... discussions on debt reducing measures. 2) IMF unused funding of 16 billion under the current programme
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Outflows ease to 1.5 bln in July but deposits reach lowest level since May 2003
EconomyMacroeconomy. At the same time, the reliance of Greek banks on Eurosystem funding eased in July for the first time... Assistance (ELA) funding to 85.29 billion at the end of July. Following a request by BoG, the ECB
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Greece sees deposit inflows, of 449 mln, in August for first time since Sept 2014
EconomyMacroeconomytime, Greek banks’ reliance on Eurosystem funding slipped for the second straight month by 1.23... Assistance (ELA) funding to 83.95 billion at the end of August. Over the past four weeks, the ECB
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Overhaul of energy market among tasks looming for government
EconomyProgrammeefficiency making best use of EU funds, international official funding and private funding. Moreover
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Greek banks' ELA ceiling lowered by 1 bln on improved liquidity conditions
EconomyMacroeconomyoutflows of 7.58 billion, of which almost 70 percent were in the form of cash. Greek banks’ ELA funding... August coupled with non-eligibility of government-guaranteed securities for ECB funding as well as non
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