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ECB increases ELA limit for Greek banks in first positive signal since referendum
Economythe Emergency Liquidity Assistance (ELA) limit for Greek banks by 900 million euro for one week. This was the first rise in the ELA threshold since the announcement of the referendum on June 26.... This series of developments have now restored the conditions for a rise in ELA, Draghi stressed
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Eurosystem funding rises by 84 mln in Apr, ELA eliminated
EconomyMacroeconomy(ELA). ECB funding in April came to 8.46 billion euros as mentioned, along with ELA funding... of its regular ELA-ceiling bulletin as the level had fallen below 2 billion euros. In March, it was revealed that Greece’s four systemic banks had fully eliminated ELA funding from their balance sheets
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Consumer confidence takes 10-point dive in September
EconomyMacroeconomyGreece’s economic sentiment (ESI) recorded a drop of almost 3 points in September to 108 points..., dropping to 84.4. Over the rolling 12-month period, the ESI in September was 9 points up from the 99.2 points of October 2022. The EU average ESI stood at 92.8 points in September, down from the 93.2
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Eurosystem funding drops by 2.2 bln in May, mostly on further decrease in ELA reliance
EconomyMacroeconomy2014. The monthly movement stems from a decrease in the Emergency Liquidity Assistance (ELA) funding by 1.4 billion coupled with lower ECB funding by 819 million. Specifically, ELA funding was reduced... to the conclusion of the second programme review. The lower dependence on ELA funding in May was largely
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Eurosystem funding drops by 2.7 bln in June on reduced ELA liquidity
EconomyMacroeconomyfrom a decrease in the Emergency Liquidity Assistance (ELA) funding by 2.77 billion. ECB funding increased by 100 million, the first increase since June 2016. Specifically, ELA funding was reduced... of the second programme review. The lower dependence on ELA funding in June was largely expected
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Eurosystem funding drops by 3.9 bln in July on big decline in ELA
EconomyMacroeconomyin the Emergency Liquidity Assistance (ELA) funding by 3.37 billion, the largest drop since June 2016. Additionally, European Central Bank (ECB) funding fell to 15.8 million. ELA funding was reduced... to the conclusion of the second programme review. The lower dependence on ELA funding in July had largely
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Eurosystem funding drops by 5.1 bln in Aug driven by ELA fall
EconomyMacroeconomyAssistance (ELA) funding by 3.70 billion euros, the largest drop since June 2016. Additionally, European Central Bank (ECB) funding fell by 1.37 billion to 14.44 billion euros. ELA funding was reduced... related to the conclusion of the second programme review. The lower dependence on ELA funding in August
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Eurosystem funding falls by 4.38 bln in October as ELA declines
EconomyMacroeconomyin Emergency Liquidity Assistance (ELA) funding by 5.74 billion euros, which offset a rise in European Central Bank (ECB) funding by 1.36 billion to 14.59 billion euros. ELA funding has fallen every... review. A fall in ELA funding for the month had been anticipated, as the ECB has been lowering
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ELA funding up by 9.2 bln in June, banknotes in circulation reach all-time high
EconomyMacroeconomyattributed to a jump in the Emergency Liquidity Assistance (ELA) funding by 9.19 billion to 86.77... in the ELA funding in June is similar to the increase in the ELA limit as approved by the ECB... briefing last week. Note that the ECB had frozen the ELA limit for Greek bank as of June 26, when
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Eurosystem funding drops by another 4.3 bln in July, largely on reduced ELA reliance
EconomyMacroeconomyreflects a decline in the Emergency Liquidity Assistance (ELA) funding for the third successive... bonds and T-Bills, previously used as collateral for ELA, to ECB funding in the wake... at the end of June 2015. The bulk of that drop stemmed from ELA funding, down by 35.32 billion
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