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Eurosystem funding decline picks up pace to 3.26 bln in April
EconomyMacroeconomyGreek banks’ Eurosystem funding fell notably by 3.26 billion euros in April, Bank of Greece's (BoG... coming on April 12, when the ECB announced that the ELA ceiling for Greek banks would be reduced... funding falling by 5.68 billion. The declines are largely the result of Greek banks replacing this type
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Technical talks progress but debt relief, credit line continue to grate
EconomyProgrammeTechnical discussions between the creditors and the Greek government began in Athens on Monday... and Greek officials are expected to be centred on changes to the out-of-court workout and the so... on May 24. Even though the Greek government is thought to be behind schedule in implementing the 88
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What the ECB did next - a tale from another crisis
Agorato intervene in Rome’s volatile politics. Will he manage? The Bank’s response to the Greek crisis offers... decision to stop accepting Greek bonds as collateral for central bank borrowing and the squeeze on Emergency Liquidity Assistance (ELA) to the Greek banking sector created an arguably inevitable
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After an international agreement comes the domestic politics
Agoraby Greek Prime Minister Alexis Tsipras and his Former Yugoslav Republic of Macedonia (FYROM... of boxes have been ticked. The concessions from the Greek side are that the language in its..., especially in the north of the country, to swallow. The Greek government recently became embroiled
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Eurosystem funding falls by 716 mln in May
EconomyMacroeconomyGreek banks’ Eurosystem funding fell by 716 million euros in May, the Bank of Greece's (BoG... ceiling for Greek banks would be reduced further by 2.5 billion euros to 12.2 billion. Compared... the result of Greek banks replacing this type of liquidity with interbank repos using the same collateral
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Eurosystem funding falls by 4.56 bln in June to 16.31 bln
EconomyMacroeconomyGreek banks’ Eurosystem funding declined substantially in June, falling by 4.56 billion month... announced that the ELA ceiling for Greek banks would be reduced further by around 600 million euros.... The declines are largely the result of Greek banks replacing this type of liquidity with interbank
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Russia responds to expulsions but diplomatic row seen petering out
PoliticsForeign PolicyRussia has expelled two Greek diplomats and has forbidden two others from entering the country... because the Greek secret service informed the government that they were involved in activities beyond... on Monday that it had summoned the Greek Ambassador Andreas Friganas and handed him a diplomatic
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Athens aims for November agreement with lenders on pension cuts
EconomyProgrammeofficial told reporters in Brussels on Friday that the Greek issue could be added to the agenda... will be on preparing for the December 13 and 14 summit of EU leaders. The Greek government is thought... was played down by much of the Greek media, which has focussed on the final decision most likely being
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Preparing for a new normal in German politics
Agora-introduction of the drachma. What does the future hold in a post-Merkel Greek-German relationship... decisions. After years of negotiations, the German-Greek Youth Office is becoming a reality on the ground. Moreover, the Greek-German Assembly (DGV), which operates since March 2010 and focuses on municipal
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Brussels highlights lagging reforms ahead of decision on debt relief measures
EconomyProgrammeinclude the return of income from central banks' holdings of Greek government bonds under the Securities...). The report is broadly balanced, as it notes that Greek authorities have managed significant... related to the Hellinikon project. The Greek authorities have agreed with the Commission
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