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Greek banks set for early ELA return in apparent precautionary move
Economywould no longer be eligible for ECB funding from March 1. However, it appears that liquidity... bank bonds would not qualify for ECB funding eligibility as of March 1, 2015. This date coincides
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Newsletter 11 - 16/01/2015
is not completed. These are: 1. Losing tranches amounting to 7.2 billion euros, half of which relate to two IMF... government and the troika, which expected it to reach between 0.8 and 1 percent. December’s deflation
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Central gov't cash surplus reaches 1.42 bln in 2014 after 1.19 bln deficit in Dec
EconomyMacroeconomyrevenues grew by 1 percent to 47.1 billion euros, with December revenues up 5.1 percent. MoF data.... However, both years’ figures are not fully comparable since they incorporate: 1) Payments of state
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Almost 50 pct rise for new unpaid taxes in 2014 as overall total rises to 73.8 bln
EconomyMacroeconomyand legacy debt amounted to 73.79 billion at the end of December, up by 1 billion month on month... to the legacy debt collections targeted by the Finance Ministry (MoF) at 1 billion in the first half
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Moody's explains why it sees SYRIZA win as credit negative
Economytakeaways from the report include: 1) New coalition government will likely challenge troika stance 2... program. Moody’s forecasts GDP growth at slightly above 1 percent in 2015, while sees significant
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Newsletter 13 - 30/01/2015
surpluses of between 1 and 1.5 percent of GDP rather than the current target of 4.5 percent. What... figures showed sight and savings recorded inflows of 1 billion each. On the flipside, there were
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Greece and lenders with conceptual, as well as practical, gaps to bridge
PoliticsGreek Politics. These are: 1) Negotiating directly with European institutions and the International Monetary Fund 2... the relaxation of fiscal targets (Varoufakis says he is aiming for a primary surplus of 1 to 1.5 percent
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In effort to reach new deal, Greek government cannot ignore liquidity constraints
EconomyProgrammebonds will not be eligible for ECB funding purposes as of March 1. This development follows an ECB... and sight recorded inflows of around 1 billion each. However, banking sources stress that outflows
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The state of play with Greek banks' liquidity
Economyinflows of 1 billion each in December. Banking sources indicate that withdrawals accelerated... to the non-eligibility of a particular type of ECB funding collateral as of March 1. This stems
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Greek time deposit rate falls to 1.82 pct in Dec, lowest during euro membership
EconomyMacroeconomymaturity for amounts above 1 million euros. A similar drop was also evident in November. As a result... 250,000 and 1 million euros). In the household lending segment, the housing loan rate reversed
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