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Greek primary cash surplus reaches 1.8 bln in H1 2014
EconomyMacroeconomy: a) The elimination of the guarantees related to the Emergency Liquidity Assistance (ELA) to zero in June, from 9.79 billion in December, following the Greek bank’s zero reliance on ELA funding
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SYRIZA's own goals one of main threats to party's poll lead
PoliticsGreek Politicsbillion euros” via the Emergency Liquidity Assistance (ELA) programme if the European Central Bank cuts off funding to Greek lenders. While Greek banks would be able to borrow via the ELA, and have done so
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General gov't primary surplus shrinks to 419 mln in January
EconomyMacroeconomy(ELA) bank guarantees. Both movements reflect the tight liquidity conditions of Greek banks...-guaranteed bonds for ECB funding purposes. As a result, bank support scheme guarantees stood at 50.9 billion at the end of January, while ELA bank guarantees reached 5.8 billion from zero since June 2014
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General gov't cash surplus sees large contraction in Jan-Feb, arrears edge up
EconomyMacroeconomya rise in the Emergency Liquidity Assistance (ELA) bank guarantees by 16.57 billion and a decline... guarantees stood at 47 billion wueos, while ELA bank guarantees reached 22.37 billion. Overall, bank... securities previously used for ECB funding. The remaining 20 percent is associated to state
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Greece and lenders talk at cross purposes, head for crisis summit
PoliticsGreek Politicsan increase in the ELA cap by 1.1 billion but reports suggested that around 1 billion euros was withdrawn... published in late May, Greek banks held collateral that could provide them with an additional ELA...-term funding concerns. Varoufakis also vehemently denied a report that the ECB warned Greek banks may
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General gov't cash primary surplus to May halves, arrears keep rising
EconomyMacroeconomy. The sharp increase mostly relates to Emergency Liquidity Assistance (ELA) bank guarantees from zero... than 84 percent of total state guarantees. The Finance Ministry corrected in the May bulletins the ELA... a large part of non-payroll cost to cover its imminent external funding needs. The absolute figures
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General gov't primary cash surplus markedly better in July but arrears climb
EconomyMacroeconomyand in Emergency Liquidity Assistance (ELA) bank guarantees by around 11 billion. Since the beginning of the year... by 65.7 billion is primarily attributed to ELA bank guarantees to 56.08 billion from zero last December... to improve the cash-flow and cover the imminent (at that time) external funding needs. The breakdown
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General gov't primary cash surplus widens to 2.6 bln in Aug, arrears up by 2.15 bln
EconomyMacroeconomybillion MoM in August mostly reflecting a drop in the Emergency Liquidity Assistance (ELA) bank... to bank support guarantees of 54.5 billion (from 43.2 billion in December) and ELA guarantees of 54... (at that time) external funding obligations. The breakdown shows that SSF arrears recorded the highest
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Newsletter 66 - 11/03/2016
liquidity assistance (ELA) ceiling for Greek banks stable at 71.4 billion. This was the first time since mid-August that the ECB did not reduce the ELA cap, which has been lowered 13 times by a total... of sending back asylum seekers en masse to Turkey, a country that neither properly recognises them
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Newsletter 129 - 28/07/2017
Assistance (ELA) funding fell further by 2.77 billion month-on-month to 37.93 billion at the end... reduce the ELA ceiling by a total of 3.1 billion.
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