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Eurosystem funding drops by 1.45 bln in March as ELA reduction offsets ECB rise
EconomyMacroeconomythree months of the year, Eurosystem funding has fallen by approximately 8.83 billion. The decline... funding has increased. In recent months, ELA funding has been steadily falling, with the latest.... Since a peak of 126.57 billion in June 2015, Eurosystem funding to Greek banks has steadily declined
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PM tries to halt election speculation as poll gap widens
PoliticsGreek PoliticsPrime Minister Alexis Tsipras has asked SYRIZA MPs and members to refrain from speculating about... after. The deciding factor is expected to be the course that opinion polls take once the bailout has... poll for opposition-supporting Ta Nea newspaper indicated that there has been a substantial shift
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Newsletter 159 -27/04/2018
government insists that much of the preparatory work has been done, while the eurozone official pointed... has been done. agreement (including debt relief and the post-programme framework) by the June 21... Minister Olaf Scholz has insisted in his discussions with the other lenders that the mechanism should
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Mitsotakis scoffs at coalition's MoU exit strategy, challenges PM to elections
PoliticsGreek PoliticsKyriakos Mitsotakis has challenged Prime Minister Alexis Tsipras to call snap elections this year... elections following the summer to let Greeks judge whether the crisis has been brought to a successful... was not a crucial issue. “It has been some time since Mr Mitsotakis asked for elections, but he
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Concern over prior actions grows, debt talks approach crucial juncture
EconomyProgrammeto Athens towards the end of next week and this has put the focus back on how the government is getting.... There are several other actions related to the energy sector that Athens has to complete. It is expected... debt has moved to a bilateral level and is taking place between just Germany and France
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Ministers urged to speed up reforms as Athens prepares for lenders to return
EconomyProgrammeto the Prime Minister, Dimitris Liakos, has sent a new message to ministers asking them to speed up... much groundwork has been done on the 88 prior actions and that many of them can be ticked off.... A task force is currently assessing the new values proposed by evaluators. Once this phase has been
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Eurosystem funding decline picks up pace to 3.26 bln in April
EconomyMacroeconomy. In the first four months of the year, Eurosystem funding has fallen by approximately 12.09 billion... funding has increased. In recent months, ELA funding has been steadily falling, with the latest reduction.... Since a peak of 126.57 billion in June 2015, Eurosystem funding to Greek banks has steadily declined
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Tsipras moves forward with name talks as domestic balance comes into focus
PoliticsGreek Politicsfurther discussions in our countries,” Zaev added. He emphasised that along with Tsipras, he has... turbulent political phase in Greece, where New Democracy has criticised Tsipras’s approach.... Following the two large protests against a deal in Athens and Thessaloniki, Tsipras has shown that he
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Fiscal issues appear settled as Greece and institutions head for review deal
EconomyProgramme-level agreement on May 24. A senior Greek official told the local media on Thursday that it has been... percent. It appears that the IMF has now backed down from its previous position and, according... will also be pleased that it has the apparent all-clear for the counter-measures, which are aimed
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Greece and creditors reach SLA - legislation of reforms and debt relief talks next
EconomyProgrammeon some issues. He did not give further details. Tsakalotos accepted that Athens now has to move... process by around June 15. The coalition also has to submit to Parliament the 2019-2022 Medium-term Fiscal Strategy, which has been made easier by the fact that the creditors apparently accept
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