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Alpha Bank posts net profits of 27.5 mln in Q1, ELA eliminated
EconomyBankingLiquidity Assistance (ELA) reliance fully eliminated as of February 2019. During the quarter, greater use... that the bank had concentrated on several milestones including exiting the ELA, increasing the deposit
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Newsletter 144 -15/12/2017
was driven by a drop in Emergency Liquidity Assistance (ELA) funding by 2.90 billion euros to 19.85 billion.... The budget balance in the first 11 months of 2017 recorded a deficit of 763 million euros, landing
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Newsletter 187 -14/12/2018
coalition partner Independent Greeks (ANEL), repeated his threat on Thursday to quit from the cabinet.... An emergency meeting of ANEL’s parliamentary group (seven MPs) was held on Tuesday to discuss..., was that ANEL will not vote for the agreement and that the party’s ministers would withdraw from
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Newsletter 85 - 05/08/2016
In a non-paper issued on Wednesday, the Finance Ministry clarified that budget revenues had beaten..., even though SYRIZA’s governing partner, Independent Greeks (ANEL), did not back it. This was not a surprise as Greek Orthodox hardliners are among the party’s core supporters. ANEL’s refusal
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Public deficit and democratic duty
Agorareport, in the past it was ELSTAT employee Zoe Georganta making allegations against the service’s... of minds, Georganta stood as a candidate for the austerity-hating, conspiracy-loving Independent Greeks... and Georganta was not elected. Last month a prosecutor recommended that the case against her former boss
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Newsletter 157 -30/03/2018
Independent Greeks (ANEL), Kostas Katsikis, on Wednesday, when he suggested that the two soldiers might... Minister and ANEL leader Panos Kammenos. The tension between the two governing parties on foreign policy... to use the term “Macedonia.” He went as far as saying that ANEL would do whatever they could to stop
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Newsletter 190 -18/01/2018
coalition partner Panos Kammenos, leader of Independent Greeks (ANEL). The ballot did not produce any... Papakosta (independent), Deputy Agricultural Development Minister Vassilis Kokkalis (ex-ANEL), Tourism Minister Elena Kountoura (ex-ANEL), Thanassis Papachristopoulos and Kostas Zouraris (both ANEL
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Newsletter 20 - 20/03/2015
assistance (ELA) funding. According to the central Bank of Greece (BoG), Greek banks’ ELA funding reached 65.6 billion euros at the end of February, up from zero at the end of 2014. The interest cost of ELA is 150 basis points (bps) above that of ECB funding. On the current level of ELA funding
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What the ECB did next - a tale from another crisis
Agoraon Emergency Liquidity Assistance (ELA) to the Greek banking sector created an arguably inevitable... this route however and pressured Greece, Ireland, and Portugal each to seek bilateral rescue loans... to be satisfied through the relevant national central bank, by means of ELA. Greek banks therefore could
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These are the bailout deliverables expected from Greece in September
EconomyProgrammewith the EC. 2) Adopt outstanding reforms on the tax procedure codes (TPC) related to: introduction... the comprehensive and consistent application of the TPC and ensuring appropriate single-violation penalties
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