Search
-
Eurosystem funding drops by 699.8 mln in September
EconomyMacroeconomyhad fully eliminated ELA funding from their balance sheets. Compared to September 2018, Eurosystem funding declined by a total of 4.72 billion euros. This stems largely from ELA funding falling by 3.57... and a decline of 946 million in ELA funding. Eurosystem funding reached its peak in February 2012, when
33% -
Eurosystem funding falls by 1.9 bln in Dec, down by 60 bln since July 2015
EconomyMacroeconomyin Central Bank funding in December mostly reflects a drop in the Emergency Liquidity Assistance (ELA.... Specifically, ELA funding landed at 43.67 billion euros. This is its lowest level since January 2015... billion in ELA funding since its record high 1.5 years ago was recorded in the past seven months
33% -
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
33% -
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
33% -
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
33% -
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
31% -
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
31% -
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
31% -
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
31% -
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
31%