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Greece hopes to catch break from ECB as IMF puts its foot down
PoliticsGreek Politicsbetween Greece and creditors before the ECB will consider lifting the restrictions on the amount of T-Bills Athens can issue and the exposure Greek banks can have to them. The issuing of T-Bills is seen... to pay to the IMF in June, which it could do either by issuing new T-Bills or if the ECB releases
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Greek debt falls to 312.7 bln in Q1 after return of EFSF bonds
Economy) and the remaining 39.4 billion by private investors. T-Bills stood at 14.95 billion euros (4.8 percent... in Q1 and fully reflects the 3- and 6-month T-Bill issues rolling-over a total amount of 10 billion... and roll-over of foreign investors’ T-Bill holdings. The outstanding amount of state guarantees, excluding
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Current account deficit widens to 404 mln in March
EconomyMacroeconomyin residents’ holdings of foreign bonds and T-Bills by 789 million and a rise in residents’ investment... assets, largely due to a drop in residents’ holdings of foreign bonds and T-Bills by 11.4 billion... in non-residents’ investment in Greek government bonds and T-Bills as well as in Greek stocks. Reserve
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Newsletter 30 - 12/06/2015
participation in T-Bill rollovers. Since late April, the ECB has increased the ELA cap by 6.1... area. Nevertheless, if those involved don’t even manage that, they run the risk of going down as the men and women who couldn’t avert an unravelling due to differences of 0.25 percentage points over
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As Greek deadline looms, this is how the next days could play out
EconomyProgrammedisbursements, but paves the way for the ECB to allow an increase in the T-Bill ceiling above the current... pave the way for the ECB to allow Greek banks to cover the incremental amount of T-Bills, also subject to approval of the prior actions by the Greek parliament. In such a case, the T-Bill issue could
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Between Scylla and Charybdis
Agoraimaginable way because they don’t trust him, they don’t like his ideological background and they think... which they don’t have and will be effectively be cut off from any access to euros. As I have argued
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What the ECB's latest decision on ELA and collateral haircuts means for Greek banks
Economyguarantees (pillar II and III), Greek government bonds (GGBs), T-Bills, covered bonds, securitizations... and on T-Bills at a high-single-digit figure. Pillar II bonds and loans made up around three quartets... guaranteed collaterals (pillar II and III bonds, GGBs and T-Bills) and non-sovereign collaterals
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Which way now, Mr Tsipras?
Agorato put forward a credible fourth choice if they could. Naturally, they couldn’t. With a sick economy..., and perhaps to himself, what his goals are and where his priorities lie. If he can’t do that then the end of the road for him, his party and the country membership of the euro won’t be far. *Nick
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Current account surplus at 407 mln in May - first positive balance since Sept 2014
EconomyMacroeconomymillion and in their holdings of foreign bonds and T-Bills by 267 million. In contrast, residents’ net...’ holdings of foreign bonds and T-Bills by 11 billion, partially offset by a rise in residents... securities (bonds, T-Bills and shares). Reserve assets fell month on month for the second straight
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Current account in surplus for 2nd straight month in June but down 20 pct on 2014
EconomyMacroeconomyshares by 1.2 billion and a drop in their holdings of foreign bonds and T-Bills by 283 million... of foreign bonds and T-Bills by 11.3 billion, partly offset by a rise in residents’ investment in foreign... in the 6-month period largely due to a drop in non-residents’ investment in Greek securities (bonds, T-Bills
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