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Eurosystem funding down by 2 bln in Oct for fourth straight fall
EconomyMacroeconomyGreek banks’ Eurosystem funding continued heading south for the fourth straight month in October...) monthly financial statement showed on Monday. Since July, Central Bank funding has been reduced by 7.19 billion. In absolute terms, Euroystem funding landed at 119.38 billion euros in October, which
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ELA funding down by 1.48 bln in July for first monthly drop since May 2014
EconomyMacroeconomyGreek banks’ Eurosystem funding fell by 1.29 billion euros in July after rising by 10.17 billion.... This was the first drop in central bank funding since September 2014. The absolute figures showed Eurosystem funding landed at 125.29 billion euros at the end of July, from 126.57 billion at the end
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ELA funding down by 1.23 bln in August for second successive fall
EconomyMacroeconomyGreek banks’ Eurosystem funding eased for the second successive month in August, when it fell... statement showed on Monday. In absolute terms, Eurosystem funding stood at 124.06 billion euros... 2014 at 42.57 billion. The decrease in central bank funding is entirely due to a decline
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Greek funding needs add to pressure in talks between Athens and lenders
EconomyProgrammeGreece and its lenders but these talks continue against a backdrop of pressing funding needs... government bonds (GGBs) held by the Eurosystem of 3.5 and 3.2 billion respectively. Thus, funding... of that, funding needs for the last four months of the year total 4.8 billion euros. The cumulative
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Eurobank posts loss of 94.4 mln in Q1 as NPLs, Eurosystem funding rise
EconomyMacroeconomyfunding and government guarantees’ (pillar II) cost. The bank said the bulk of the NII... to March with May flow so far reaming calm, according to the banks’ management. Eurosystem funding.... As expected the bulk (20.8 billion) relates to Emergency Liquidity Assistance (ELA) funding
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The lenders proposals on debt and funding needs that Greeks will vote on in referendum
EconomyProgrammesustainability, the preliminary DSA concludes Funding needs and timetable of disbursements The lenders’ document shows that the available funding source include 1.8 billion from the EFSF, 3.6 billion from... be accompanied by an IMF tranche disbursement, yet this is subject to certain funding assurances over
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Rare moment of unity as MPs agree to stop Golden Dawn’s state funding
PoliticsGreek Politicsvoted in favour of an amendment submitted to Parliament. The legislation will see state funding... vote they received at the general elections. The amendment foresees public funding and lawmakers... a public relations gift by giving voters the impression it did not want to cut Golden Dawn’s funding
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Greek banks' capital backstop and the funding gap: An uneasy relationship
Economybuffer was recently fuelled by rumours that it could be used for covering Greece’s funding gap... used to cover the funding gap. The HFSF’s capital buffer has also come under the spotlight because... to count on the banks’ backstop facility to cover the anticipated funding gap and avoid another troika
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Greece's fiscal, debt and funding goals as set out at Eurogroup
EconomyProgrammeof additional T-Bills to cover funding needs, which he argues would not raise the debt amount... percent, the debt ratio in NPV terms would reach 120 percent in 2020. 2015 funding needs The budget.... To cover the short term funding needs, the Greek government proposed the combined involvement
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Gov't sees reform multi-bill as path to funding but resistance abounds
PoliticsGreek Politicsbailout funding. The multi-bill is expected to be largely based on proposals sent to creditors... genuinely believes that it can secure some funding based on the multi-bill and the recent changes... of funding very soon and is likely to have to make uncomfortable compromises to secure it. These compromises
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