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Greek banks' ELA ceiling lowered by 1 bln on improved liquidity conditions
EconomyMacroeconomythe provision of ELA to the banks of their country”. Until then, changes in the ELA limit were attributed... outflows of 7.58 billion, of which almost 70 percent were in the form of cash. Greek banks’ ELA funding was zero until December and sharply rose thereafter on huge deposit outflows of 44 billion until
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BoG looks at other programme exits and options available to Athens
EconomyProgrammebillion. According to the Commission, 17 billion euros is enough to cover funding needs until August 2019 and 20.3 billion to last until the end of 2019. The BoG also argues that it is imperative... the ECB to maintain the waiver for Greek government bonds until they regain investment grade
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Focus of discussion for lenders moves to debt relief, post-MoU framework
EconomyProgrammewith 48 billion euros, whereas its funding needs until the end of 2020 are between 44 and 45 billion... being followed by the government means that Greece will be fully funded until the end of 2020... days. The mission is not expected to return to Athens until early May. Its aim will be to secure
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Tsipras sticks to pre-election pledges as eurozone negotiations loom
PoliticsGreek Politicsa moratorium on all of his planned measures until the summer, by when a comprehensive agreement between... have proposed until now. He repeated Athens’s desire for a “bridging agreement” that would tide Greece over until the summer. As mentioned before, the SYRIZA-led coalition wants the go-ahead to issue
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IMF preliminary DSA finds Greek debt unsustainable, points to need for debt relief
EconomyProgramme. These are estimated at 50 billion from October 2015 until the end of 2018 requiring new European money of at least... by September and financing needs until then would be covered by about 6 billion from the Hellenic... on highly concessional terms to cover the projected financing needs until the end of 2018 through
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Newsletter 64 - 26/02/2016
largely alien to Greece until now. Prime Minister Alexis Tsipras described it as a Ku Klux Klan-type... of Europe as a result of the influx of thousands of people from Syria, Iraq and Afghanistan. Until now... things up. Until recently, the impact of the refugee crisis was largely felt on Greece’s fringes, its
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Review delay brings Greek liquidity needs back into focus
EconomyProgrammethe required amount from internal sources until April or June, the July payment cannot be made... negative until the end of June (-700 million in the first half) before turning positive as of July, when... finance the country’s debt obligations until June but not thereafter.
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Mitsotakis rules out roles for relatives, Tsipras mulls way out of pension cuts
PoliticsGreek Politicsof GDP primary surplus target that is in place until 2023. On the political front, Mitsotakis argued... agreed to high fiscal targets until 2023, to cut pensions in 2019 and to lower the tax-free threshold... to wait until the end of his government’s four-year term to hold elections, given
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Short-term fix for electricity bills leaves open questions for green transition strategy
Societythat it will subsidise customers’ electricity bills until the end of the year. However, it seems that more.... A 150-million-euro “energy transition” fund has been announced to pay for the scheme from October until... of 40 euros per tonne until 2025, rising to 70 euros in 2030 – suggesting that a realignment
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The targets and deadlines in Greece's privatisation programme
EconomyProgrammeof the transaction until December 21. 6) OLP, the largest Greek Port Authority. The tender includes... stake, currently held by HRADF. The next steps involve the launch of the tender until December... will be updated on a semi-annual basis. b) Announce binding bid dates for Piraeus (OLP) and Thessaloniki (OLTH
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