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Newsletter 495 - 20/02/2026
bilateral relations were “stronger than ever” and expressed his wish to visit Athens. Trump... dividing the two countries but nonetheless shook hands on a number of bilateral deals. The long‑awaited... a continuation of the current calm in bilateral relations. Speaking at a New Democracy event on Monday
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Gerapatritis to meet Rubio again as Greece pushes Vertical Corridor in Washington
PoliticsGreek Politicsand close cooperation between the two sides, as well as the strategic continuity of bilateral relations. The discussions in Washington are expected to cover the full range of bilateral issues, including... intense international concern. In this unstable context, close bilateral coordination between Greece
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Modest hopes for Greek–Turkish diplomacy ahead of Ankara NATO Summit
PoliticsForeign Policythe meeting with modest expectations regarding bilateral relations, despite maintaining open... for a bilateral encounter. Given that Turkey is hosting the summit and that Foreign Ministers Giorgos... mechanism for managing bilateral tensions. However, Greek–Turkish relations have again become increasingly
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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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Greece's imminent funding problems: All the numbers you need
EconomyProgrammeof February 18, when the last ELA extension was approved by the ECB. Note that Greek banks may place T-Bills for ELA funding (as they could with the ECB before February 11) for an amount up to 3.5... of 3.5 billion on T-Bills that Greek banks may place with ELA funding. At the moment there is nothing
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