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Troika and Greece in stalemate over budget targets, prior actions as time ticks away
EconomyProgrammeat the beginning of next year, Greek banks may not have access to ECB funding but resort only to Emergency Liquidity Assistance (ELA). Greek banks have eliminated the more expensive ELA funding since last May
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2014 is not 2012
Agoracrisis with eurosystem funding of 20.6 billion euros in October 2008, one month after the collapse... eurosystem funding is 12.1 percent of the combined 346.4-billion-euro balance sheets of the four
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Newsletter 7 - 12/12/2014
from the HFSF’s coverage of the funding gap of 12 banks (net value of assets minus liabilities... funding gap stems from two banks, namely ATEbank (7.5 billion) and Hellenic Postbank (3.7 billion
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Greek deposits almost unchanged at 164.3 bln in November
EconomyMacroeconomyfunding by more than 28 billion euros in the year to date. This development followed the capital... in the first half of the year and is also attributed to replacement of ECB funding by interbank lending
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How SYRIZA says it will fund its economic policies
Economythe funding of the 3-pillar programme initially revealed at the International Trade Fair (ITF... by the following four funding sources: 1) Utilization of the Hellenic Financial Stability Fund (HFSF) capital
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The bad hand being dealt to Greece's next government
Agora, the option of turning to T-Bill issues to cover short-term funding needs is not currently... as it takes over. Repos near limit The scope for turning to another short-term funding tool, which
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Review completion and SMP redemptions will decide Greece's QE eligibility
EconomyProgrammeAssistance (ELA) funding for precautionary purposes. This approval was crucial for the four systemic... the Athens News Agency that ECB could extend approval of ELA funding beyond the February 28 deadline
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Moody's explains why it sees SYRIZA win as credit negative
Economyoutflows increase Greek banks’ reliance on ECB funding, which is contingent on a troika support... raises doubts about the funding of SYRIZA fiscal programme focusing on short-term fiscal measures
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Greece and eurozone reach tentative deal, much undecided
EconomyProgrammeit will have to cover its funding needs on its own. These stand at 4.7 billion for the 3-month period... guaranteed securities allowing Greek banks to resume access to ECB funding. Such a decision along
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Reported widening of revenue shortfall in Feb as liquidity worries persist
Economy. On a separate issue, Kathimerini daily reported that the untapped ELA funding of Greek banks, which... accounts that the government aims to use to cover the imminent funding needs in March. Greece reportedly
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