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  1. Finance Ministry challenges SYRIZA's plans for economy, ups cost
    Photo by MacroPolis

    Economy

    billion. Revenues Another major issue highlighted by the MoF involves the funding of SYRIZA’s measures... that tackling tax evasion requires a long time to bear fruit, while the other funding sources identified by SYRIZA are not realistic. The government argues this would create an imminent funding gap that would

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  2. Greek gg primary cash surplus at 2.2 bln in 2014, arrears down to 3.75 bln

    EconomyMacroeconomy

    . This funding source was utilised for the first time in Q1 2014 and relates to intra-government funding... Greek banks’ zero reliance on ELA funding as of May. However, this figure is expected to rise again... by the Hellenic Republic as collaterals for ECB funding as of February 11. The breakdown of guarantees

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  3. S&P acts in wake of ECB decision and downgrades Greek rating to B-

    Economy

    to switch their ECB funding to ELA, although the continuity of ELA funding to Greek banks, including... lenders will conclude, with sufficient official funding flows to meet financial obligations. However, S&P could lower its rating on Greece if it perceives that official funding has been curtailed

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  4. Eurobank posts loss of 523.7 mln in Q4 2014
    Photo by MacroPolis

    EconomyBanking

    international activities. Eurosystem funding rose to 12.5 billion in Q4, while jumped to 29 billion by February... outflows of 5 billion and lack of marker repos renewals of 9.1 billion. ELA funding reached 19.5 billion in February making up two-thirds of total Eurosystem funding. The bank also disclosed it has ELA

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  5. National Bank posts net loss of 1.1 bln in Q4
    Photo by MacroPolis

    EconomyBanking

    . As already evident in the results of the other three Greek banks, NBG’s Eurosystem funding rose... is made up by ECB funding of 9.7 billion (primarily EFSF bonds) and ELA funding of 13.3 billion. The bank noted it has a liquidity buffer of around 15 billion mostly for ELA funding with 44 percent of ELA

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  6. Deposit outflow rises to 4.7 bln in April as balances drop to lowest since Sept 2004
    Photo by MacroPolis

    EconomyMacroeconomy

    of Greek banks’ Eurosystem funding to 112.84 billion at the end of April, up by 68 billion on the end-November figure of 44.85 billion. Two-thirds of Central Bank funding relate to ELA funding (74.4 billion) and the remaining one-third to ECB funding (38.5 billion) almost entirely comprised by EFSF

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  7. A Greek proposal that deserves to be heard
    Photo by Harry van Versendaal

    Agora

    and repayments to the International Monetary Fund that create a major funding hump of around 24... reduce its funding needs in the mid-term and help Greece regain market access through eligibility for the ECB’s quantitative easing (QE) programme. Using European Stability Mechanism funding

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  8. How Greek banks were left on the brink
    Photo by Harry van Versendaal

    Agora

    -term external funding needs, largely payments to the International Monetary Fund and to replace...) to lift the waiver for Greek government securities, previously used for ECB funding purposes, led to Emergency Liquidity Assistance (ELA) funding exceeding 74 billion at the end of April. Greek banks also

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  9. Newsletter 36 - 24/07/2015

    Newsletters

    front, on Wednesday the ECB again raised its emergency liquidity assistance (ELA) funding for Greek... and 20. Sharp rise in Eurosystem funding Greek banks’ Eurosystem funding saw its sharpest rise... December 2012. Eurosystem funding reached 126.57 billion at the end of June, which is the highest

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  10. If it's debt restructuring you're looking for, Regling's not your man

    Agora

    billion maturing in five years and more. According to the funding operations section of the same... of different maturities. The EFSF has a total of over 199 billion euros under its funding programme... although still following the philosophy of taking advantage of the low funding costs of the short end

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