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Greek-Turkish tensions flare over Turkey’s bid to join SAFE
PoliticsForeign Policyto the European Council, which must then approve it unanimously before bilateral negotiations can begin. "We.... Despite this, the Greek government maintains that bilateral ties remain intact. “There has not been
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Athens claims Ankara meeting smoothed relations despite lack of progress on key issues
PoliticsGreek PoliticsPM Kyriakos Mitsotakis and Turkey’s President Recep Tayyip Erdogan agreed to disagree on the major issues dividing the two countries but shook hands on a number of bilateral deals at long-awaited...”, a designation rejected by Greece. Having drawn their respective lines around the outstanding bilateral issues
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Macron’s visit to Athens delivers agreements, messages and political meaning
PoliticsGreek Politicsaxis in the Mediterranean, with implications that reach well beyond bilateral ties. Defence pact... that French investment remains below potential and that the bilateral economic relationship can deepen
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April saw first rise in Greek banks' Eurosystem funding this year
EconomyMacroeconomy. In addition, the Emergency Liquidity Assistance (ELA) funding slightly grew by 0.24 billion... by that date. Funding from the ELA mechanism, which currently stands at low-single digit levels, was launched
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General gov't primary cash surplus for Jan-May reaches 1.22 bln as arrears drop
EconomyMacroeconomyAssistance (ELA) by 6.6 billion and a decrease in bank support scheme guarantees by 2.5 billion..., while ELA guarantees fell to 3.12 billion.
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Greek banks' Eurosystem funding drops to 44.95 bln in June, lowest since Jan 2010
EconomyMacroeconomyby 5.7 billion euros to 44.95 billion. The Emergency Liquidity Assistance (ELA) funding also fell... a decrease of ECB funding by 18.27 billion and ELA funding by 9.79 billion. The year to date drop is mostly
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Greek primary cash surplus reaches 1.8 bln in H1 2014
EconomyMacroeconomy: a) The elimination of the guarantees related to the Emergency Liquidity Assistance (ELA) to zero in June, from 9.79 billion in December, following the Greek bank’s zero reliance on ELA funding
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Greek primary cash surplus widens to 3.2 bln in 7-month
EconomyMacroeconomyto the Emergency Liquidity Assistance (ELA) to zero since June from 9.79 billion in December. This development follows Greek bank’s zero reliance on ELA funding as of May. b) A decline in bank support scheme
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Greek banks' Eurosystem funding declines by another 53 mln in August
EconomyMacroeconomyLiquidity Assistance (ELA) funding remains at only 0.7 million euros in August from 1.6 million in July... drop by 18.66 billion on the year-end 2013 figure of 63.23 billion. ELA funding was eliminated since
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Greek primary cash surplus more than doubles to 2.45 bln at end of August
EconomyMacroeconomyto the Emergency Liquidity Assistance (ELA) to zero in June, from 9.79 billion in December. This development follows Greek banks’ zero reliance on ELA funding as of May. b) A decline in bank support scheme
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