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Greek deposits slip in October as credit also contracts by 3.9 pct
EconomyMacroeconomy. Although some (10.87 billion) of total deposit outflows of 89 billion until June 2012 have returned... trimming deposit balances in the next months until recession bottoms out and the long-awaited growth...’ Eurosystem funding the combined liquidity they have received from the European Central Bank and the Bank
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Deposits up again in December but credit contraction continues apace
EconomyMacroeconomythe beginning of 2010 until June 2012. The bulk of deposits that returned to Greek banks stems from time... continue until recession bottoms out, growth is restored and drop in unemployment arrives. Despite the recorded deposit inflows in December, Greek banks’ Eurosystem funding (the combined liquidity
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Omnibus bill passes but leaves marks on coalition and SYRIZA
PoliticsGreek Politicsparliamentary confrontation until a new President of the Hellenic Republic has to be elected... on the multi-bill until midnight on Tuesday, which would be shortly after a Eurogroup due to be held... so Athens could receive further bailout funding but the process may have inflicted lasting damage
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Newsletter 7 - 12/12/2014
of schedule. Athens was told to wait until April, when the European Commission’s statistics agency... expecting. Instead, the discussion was postponed until after the European Parliament elections in May... from the HFSF’s coverage of the funding gap of 12 banks (net value of assets minus liabilities
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Review completion and SMP redemptions will decide Greece's QE eligibility
EconomyProgrammein March and is intended to last until the end of September 2016. The programme envisages... benefit from the announced programme until a successful completion of the current troika review, which... Assistance (ELA) funding for precautionary purposes. This approval was crucial for the four systemic
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Greece and eurozone reach tentative deal, much undecided
EconomyProgrammebillion) and August (3.2 billion). The Greek government has to submit until Monday, February 23 a first... that until the review conclusion (by the end of April) Greece will not get any bailout money. This means it will have to cover its funding needs on its own. These stand at 4.7 billion for the 3-month period
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Reported widening of revenue shortfall in Feb as liquidity worries persist
Economy1.93 billion until December and 351 million in January. If February payment is similar... that ENFIA was due to be paid in 6 instalments (from September until February), while the outcome.... On a separate issue, Kathimerini daily reported that the untapped ELA funding of Greek banks, which
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Much ground to cover as Greece, lenders prepare to resume talks
PoliticsGreek Politicsuntil it is absolutely necessary. There is, however, a growing demand from moderates within his party...” with lenders. Papadimoulis urged for the cooperation between technical teams to intensify “until... of reforms that could unlock further funding but there are doubts about whether an agreement could be reached
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Greek banks' liquidity position at the centre of attention
Economysufficient until Monday. However, banking sources have indicated that the existing liquidity buffer could be adequate until the middle of next week. The same sources noted that that withdrawals from ATMs..., Constancio noted that the ECB could loosen funding to Greek banks in case a ‘Yes’ vote. In contrast
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Piraeus Q3 trading update shows significant acceleration in NPL formation
EconomyBankingto 34.5 billion. Note though that since the end of the bank holiday on July 20 until mid-October... of Greek banks Q2 financial results was extended until the end of October and bank sources indicate... a slighter drop by 0.9 percent to 63.3 billion. In contrast to the deposit decline, Eurosystem funding
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