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How will Trump's tariffs affect Greece?
Agora—aviation —benefit from bilateral zero-for-zero tariffs. However, Greek companies are unlikely to profit.... However, bilateral trade with China remains hugely imbalanced, and India’s protectionist stance poses... uncertainty to elements of the bilateral trade agreement. The legal matter will ultimately have
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Summit of transactions – Erdogan and Trump
Agorarapport and deal-making have replaced governance concerns as the foundation of bilateral ties. Defense... for political capital at home. The longstanding goal of lifting bilateral trade to USD 100bn remains... as “smart” and expressed admiration for his leadership – is expected to frame the bilateral agenda almost
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Greek-Turkish tensions resurface as Russia chimes in
PoliticsForeign Policyroutine bilateral contacts, including confidence‑building measures. One of the issues that caused tension..., the international law of the sea and the bilateral agreements concluded by our country. Where there has been no bilateral delimitation of the exclusive economic zone, the outermost potential limits
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Greece and Turkey search for way forward as leaders prepare for rare meeting
PoliticsForeign Policyon “the possibilities of further cooperation.” The two governments will exchange views “on bilateral relations... documents aimed at strengthening bilateral relations.” Despite both leaders appearing determined... bilateral trade, and renewing the visa-express scheme for Turkish citizens visiting 12 Greek islands
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Greek banks' Eurosystem funding sees reduced drop of 334 mln in July
EconomyMacroeconomybillion euros. The Emergency Liquidity Assistance (ELA) funding rose by 0.91 million to 1.55 million... this year was the elimination of ELA funding in May. It has remained below 4 million euros since... to the ELA mechanism were eliminated to zero in June from 9.8 billion in December 2013.
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Greek banks see Eurosystem funding drop to lowest level since 2009 in September
EconomyMacroeconomyis the lowest reading since November 2009. Since May, when the Emergency Liquidity Assistance (ELA... billion at the end of August. There as a small rise in ELA funding to 1.64 million from 0.63 million..., reflecting a reduction in ECB funding by 20.66 billion and ELA funding by 9.79 billion. The significant
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Funding needs take centre stage in row between New Democracy and SYRIZA
Economy, Greek banks could resort to the Emergency Liquidity Assistance (ELA) mechanism of Bank of Greece (BoG) to address this liquidity issue. Greek banks used the ELA facility heavily in 2012 with a peak... eliminated ELA funding. In addition, it is already widely known that the largest part of Greek banks’ ECB
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Pressing economic tasks mounting up for next Greek government
EconomyProgrammefunding with a cash value of 20 billion would not be ECB-eligible as of March. ELA for banks Three... to Emergency Liquidity Assistance (ELA) funding. The BoG in turn requested approval from the ECB... with access to ELA funding, albeit at a higher cost of 1.55 percent as against the 0.05 percent
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In effort to reach new deal, Greek government cannot ignore liquidity constraints
EconomyProgrammeof Emergency Liquidity Assistance (ELA) funding to Greek banks. The initial approval was granted on January 21... not applied for the ELA. That request was mainly triggered by deposit outflows and gradual lack of renewal... with the BoG ELA, albeit at a higher cost of 1.55 percent compared to 0.05 percent for the ECB. T
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S&P acts in wake of ECB decision and downgrades Greek rating to B-
Economyto lender-of-last-resort financing (ELA), potentially resulting to Greece’s exclusion from... to switch their ECB funding to ELA, although the continuity of ELA funding to Greek banks, including
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