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Eurosystem funding drops by 4.58 bln in January, banknotes in circulation fall
EconomyMacroeconomyAssistance (ELA) funding by 4.19 billion euros to 17.43 billion, along with a smaller decline of 395 million euros in European Central Bank (ECB) funding to 11.67 billion euros. In recent months, ELA funding.... Compared to January 2017, Eurosystem funding declined by 33.92 billion euros. This stems largely from ELA
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Greek banks' Eurosystem funding falls for third straight month, at lowest since Feb 2010
EconomyMacroeconomyLiquidity Assistance (ELA) funding by 5.69 billion to just 2.88 billion, the lowest figure since the ELA launch in August 2011. At the same time, ECB funding also fell by 1.61 billion to 57.81 billion... liquidity. The cost of ELA funding, at 175-200 basis points over the respective ECB funding cost, had
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Eurosystem funding for Greek banks shoots up by 11.2 bln in December
EconomyMacroeconomyLiquidity Assistance (ELA) funding eliminated in May remained at just 1.1 million euros at the end... at the end of November. ELA was initially launched by BoG in August 2011 as a last resort funding to assist Greek banks’ access to liquidity. ELA funding surpassed the 100-billion-euro threshold
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What the ECB did next - a tale from another crisis
Agoraon Emergency Liquidity Assistance (ELA) to the Greek banking sector created an arguably inevitable... this route however and pressured Greece, Ireland, and Portugal each to seek bilateral rescue loans... to be satisfied through the relevant national central bank, by means of ELA. Greek banks therefore could
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Eurosystem funding decline picks up pace to 3.26 bln in April
EconomyMacroeconomy. The decline was entirely driven by a fall in Emergency Liquidity Assistance (ELA) funding by 3.34... funding has increased. In recent months, ELA funding has been steadily falling, with the latest reduction... by 37.56 billion euros. This stems largely from ELA funding falling by 31.89 billion, along with ECB
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Greek banks' Eurosystem funding down for second month in a row in Feb
EconomyMacroeconomyreflects a drop almost equally split between ELA funding (by 1.55 billion to 8.57 billion... of ELA funding passed the 100-billion-euro mark for the first time in February 2012 and remained... percent of total Eurosystem funding. In contrast, the ELA funding in February landed at its lowest
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Eurosystem funding falls 8.6 bln in June in aftermath of waiver reinstatement
EconomyMacroeconomyfrom a drop in the Emergency Liquidity Assistance (ELA) funding by 10.44 billion euros, partly offset...) programme and - to a lesser extent - ongoing loan deleveraging. ELA funding landed at 54.37 billion... billion euros, reflecting a drop in ELA and ECB funding by 32.4 and 7.03 billion respectively. Following
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Eurosystem funding falls by another 4.4 bln in August
EconomyMacroeconomylargely stems from a decrease in Emergency Liquidity Assistance (ELA) funding, which declined by 2.55... repos, according to market sources. It is worth noting that the ELA funding has been trimmed... to a decrease in the ELA funding by 37.87 billion, while ECB funding has retreated by 10.24 billion over
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Eurosystem funding drops by another 2.8 bln to 101.4 bln in March
EconomyMacroeconomyLiquidity Assistance (ELA) and the ECB funding. It is largely attributed to replacement of both funding sources by interbank repos, according to market sources. ELA funding declined for the fifth straight... mix remained unchanged, with ELA funding making up 65 percent of the total. It is worth noting
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Eurosystem funding drops at sharper pace of 3.6 bln in Jan
EconomyMacroeconomytime, Emergency Liquidity Assistance (ELA) funding dropped for the ninth straight month, albeit... billion euros, of which more than two thirds (44 billion) relates to lower ELA funding... at 126.57 billion in June 2015, with ELA funding reaching 86.77 billion at that time. The higher
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