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NBG reports net losses of 401 mln in Q3, NPL formation accelerates in Greece
EconomyBankingof the Eurosystem funding by 2 billion euros QoQ fully attributed to lower Emergency Liquidity Assistance (ELA) funding. The Common Equity Tier 1 (CET1) ratio remained almost stable QoQ at 9.6 percent
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Deposit flow remains negative for the second straight month with outflows of 390 mln in November
EconomyMacroeconomy’ Eurosystem funding dropped by almost 6 billion to 113.41 billion in November. Overall, Central Bank funding has fallen by 13.17 billion since July reflecting the reduction of uncertainty, stabilisation
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Obstacles to centre-left alliance in Greek politics piling up
PoliticsGreek Politicsconservatives. The structure of any new alliance also raises the issue of party funding. Scrapping the existing parties and creating a new coalition would mean that PASOK and Potami lose the state funding
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Greece and lenders make headway on review but labour reforms remain biggest obstacle
EconomyProgrammeof around 700 million euros (0.4 percent of GDP) for 2018. This mainly relates to the funding... of certain tax credits. The GMI funding for 2018 is one of the pending issues related to the Medium
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Having failed to resolve differences, Greece and lenders enter new week of talks
EconomyProgrammeto the funding of the guaranteed minimum income (GMI). Its funding for next year has been resolved. Regarding
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Shaping the post-programme narrative in Greece
Agoracontributed roughly 28 billion euros of creditor finance, thereby exceeding Greece’s allocated funding... and matched funding. The proposed bond exchanges and interest rate swaps imply additional costs
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Lenders provide words of support and warning regarding debt talks
PoliticsGreek Politicsthe debt issue now so that the IMF could join the Greek programme with funding. These views were... funding but does not settle the debt issue in a way that will satisfy the ECB so it can approve QE
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In the case of Greek debt, it's the "how" that's missing
Agorato encounter a funding crisis, facing a default on the ECB, led the Fund to dust off a legacy... for further discussion before it needs to contribute any funding. In a regular briefing on Thursday
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Newsletter 128 - 21/07/2017
before the IMF approved its participation in the Greek programme with 1.6 billion euros of funding... population. Industrial turnover up 19 pct in May ELA funding ceiling falls by further 1.1 billion to 40.5
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Greece announces return to markets with 5-year bond, mostly targeting swap
EconomyMechanism (ESM) but stressed that “what is needed at this juncture is not cheap source of funding but gradual restoration of normal funding via markets to reduce reliance on the political borrowing
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