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In effort to reach new deal, Greek government cannot ignore liquidity constraints
EconomyProgrammewith the BoG ELA, albeit at a higher cost of 1.55 percent compared to 0.05 percent for the ECB. T...- and 6-month T-Bills worth 2.4 billion, which are due on February 4 and 11 respectively. Foreign investors... of domestic political uncertainty. Thus, Greek banks will have to cover almost the entire amount of T-Bill
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Greek time deposit rate falls to 1.82 pct in Dec, lowest during euro membership
EconomyMacroeconomyT-Bills issued by Greece in December posted a rise of 10-20 bps. A further increase by 15-25 bps in T-Bill yields was also evident in January issues, while the yield in today’s 6-month T-Bill auction
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Greek central gov't debt rises to recent high of 181.1 pct at end of Q4 2014
EconomyMacroeconomya net increase in repos (by 3.09 billion) and T-Bills (1.21 billion) partly partially offset by a net decrease in Financial Support Mechanism (FSM) loans (by 2.2 million). The rise in T-Bills stems... by the ECB according to its 2014 financial statement. Furthermore, T-Bills stand at 14.53 billion (4.5
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The ECB's strict rules apply if you dare not comply
Agorato questions about Greece. Two times when he was asked about the ceiling on the amount for T-Bills... of Greece, and with the cap on T-bills issuance as well as the threshold of those that it accepts as ELA... defaulting on the ECB was not an option the maturing debt was covered via the issuance of T-Bills
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Greek current account deficit widens by 27.4 pct in Feb
EconomyMacroeconomyin residents’ holdings of foreign bonds and T-Bills (primarily reflecting the return of 10.9 billion... of foreign bonds and T-Bills. Furthermore, resident’s net external liabilities dropped by 2.2 billion primarily due to a decrease in non-residents’ investment in Greek government bonds and T-Bills as well
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Newsletter 24 - 24/04/2015
payments of 400 million during May. In addition, the state has to roll over 1.4 billion of 6-month T-Bills... and their subsidiaries are bound by the ECB to increase their T-Bill holdings. Expressing its deep opposition... underlined its investment commitment towards Greece by taking the rather unusual step of buying T-Bills
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Greece hopes to catch break from ECB as IMF puts its foot down
PoliticsGreek Politicsbetween Greece and creditors before the ECB will consider lifting the restrictions on the amount of T-Bills Athens can issue and the exposure Greek banks can have to them. The issuing of T-Bills is seen... to pay to the IMF in June, which it could do either by issuing new T-Bills or if the ECB releases
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Greek debt falls to 312.7 bln in Q1 after return of EFSF bonds
Economy) and the remaining 39.4 billion by private investors. T-Bills stood at 14.95 billion euros (4.8 percent... in Q1 and fully reflects the 3- and 6-month T-Bill issues rolling-over a total amount of 10 billion... and roll-over of foreign investors’ T-Bill holdings. The outstanding amount of state guarantees, excluding
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Current account deficit widens to 404 mln in March
EconomyMacroeconomyin residents’ holdings of foreign bonds and T-Bills by 789 million and a rise in residents’ investment... assets, largely due to a drop in residents’ holdings of foreign bonds and T-Bills by 11.4 billion... in non-residents’ investment in Greek government bonds and T-Bills as well as in Greek stocks. Reserve
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As Greek deadline looms, this is how the next days could play out
EconomyProgrammedisbursements, but paves the way for the ECB to allow an increase in the T-Bill ceiling above the current... pave the way for the ECB to allow Greek banks to cover the incremental amount of T-Bills, also subject to approval of the prior actions by the Greek parliament. In such a case, the T-Bill issue could
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