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Newsletter 5 - 28/11/2014
destinations. Government representatives flew to Paris in order to meet a troika delegation that has... that the EU programme was due to expire, with the aim of replacing IMF funding by tapping bond... of the current programme is also necessary for banks to retain access to Eurosystem funding. In the event
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Newsletter 7 - 12/12/2014
fiscal targets in order to secure a reduction of its debt as had been proposed at a Eurogroup meeting... from the HFSF’s coverage of the funding gap of 12 banks (net value of assets minus liabilities... funding gap stems from two banks, namely ATEbank (7.5 billion) and Hellenic Postbank (3.7 billion
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The bad hand being dealt to Greece's next government
Agorafor the last 2.5 years and who repeatedly assured voters that they had taken difficult choices in order..., the option of turning to T-Bill issues to cover short-term funding needs is not currently... as it takes over. Repos near limit The scope for turning to another short-term funding tool, which
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Newsletter 14 - 06/02/2015
to the SYRIZA-led government, as is the collection of changes that it would be required to make in order... to 10 billion euros of T-Bills to cover Greece’s short-term funding needs, carrying... the new Greek government might be willing to offer in return for securing the funding it needs over
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Lenders put together proposal that may leave Tsipras struggling
PoliticsGreek Politicsof the bailout funding package. The FT claimed that there are discussions about extending Greece’s programme in order to allow the European Central Bank to maintain the supply of emergency liquidity... of more bailout funding to cash-starved Greece would provide some relief, it is difficult to see
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In Erdogan's shadow
Agorahis own house in order, he would have had every right to lambast his counterparts and his argument... billion euros in extra funding for Turkey and a visa liberalisation scheme, Brussels was reportedly... obstacles. Also there is the matter of the committee to handle some 400 million euros in EU funding
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Shaping the post-programme narrative in Greece
Agoraon the European creditors to provide debt relief in order to make sure that the IMF gets repaid on time... contributed roughly 28 billion euros of creditor finance, thereby exceeding Greece’s allocated funding... and matched funding. The proposed bond exchanges and interest rate swaps imply additional costs
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Debt relief moving to centre stage in programme discussion
PoliticsGreek Politicsby the Eurogroup last May, in order for the Fund’s board to give the green light for the organisation to join the Greek programme with new funding. The IMF has always been clear that any debt relief measures would... to a fourth memorandum without any funding. While it is true that the Greek government will have to vote
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Debt relief talks enter final phase, with June 21 as target for deal
EconomyProgrammein order for its board to decide whether it will agree to commit funding to a new Greek programme... the programme with funding, one of the issues that will then have to be addressed is that, according
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How 'clean' can an exit be? Athens snared between Rome and Berlin
Agorais that they exist in order for policy makers not to have to touch them. Relying exclusively on international... without a PCL. But what happens when funding costs for sovereign debt increase and spreads continue... will take notice if domestic funding challenges arise from external risks that may require recourse
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