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  1. September drop of 3.1 bln is 15th straight month of decline in Eurosystem funding
    Photos by Dennis Skley via Flickr https://flic.kr/p/qcppmH

    EconomyMacroeconomy

    to market sources. ELA funding landed at 47.56 billion euros in September. It has been trimmed by 39.21.... This year it has come down by 32.20 billion. Owing to the higher fall in ECB funding compared to ELA in September, the funding mix slightly shifted towards ELA funding, which now makes up more than 63 percent

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  2. In 16th successive fall, Eurosystem funding drops by 3.5 bln in Oct
    Photo by MacroPolis

    EconomyMacroeconomy

    to a reduction in both the ECB and the Emergency Liquidity Assistance (ELA) funding by 2.24 and 1.29 billion.... At the same time, ELA funding narrowed to 46.27 billion euros, while has been reduced by 40.6 billion... funding in the last two months led to a shift towards ELA funding, which now makes up 64.5 percent

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  3. Down but not out: Golden Dawn rears its head again
    Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    Agora

    as spring boards – a model seen at work in Antwerp, the base of Belgium's far right Vlaams Belang...,” he says. MPs of Golden Dawn, which was recently stripped of state funding after a vote by fellow

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  4. Eurosystem funding falls below 100-bln mark for first time since Jan 2015

    EconomyMacroeconomy

    . At the same time, the Emergency Liquidity Assistance (ELA) edged up by 693 million euros to 66.89 billion in April. This was the first rise in ELA funding since October with a cumulative decline... to lower reliance on ELA funding. The downward movement reflects reduction of uncertainty

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  5. Eurosystem funding slips by further 1.9 bln to 104.2 bln in Feb
    Photo by MacroPolis

    EconomyMacroeconomy

    of Eurosystem funding with interbank repos. The Emergency Liquidity Assistance (ELA) funding slipped..., ELA funding has been reduced by 18.78 billion euros from the recent peak of 86.77 billion last June..., the Eurosystem funding mix was kept broadly stable with ELA funding making up 65 percent of total

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  6. Eurobank posts loss of 94.4 mln in Q1 as NPLs, Eurosystem funding rise
    Photo by MacroPolis

    EconomyMacroeconomy

    . As expected the bulk (20.8 billion) relates to Emergency Liquidity Assistance (ELA) funding... at 463.2 million. However, net interest income (NII) fell 5.4 percent QoQ to 372.8 million on higher ELA..., the international buffer cannot be transferred to Greece. The breakdown of ELA eligible collateral pool

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  7. Newsletter 24 - 24/04/2015

    Newsletters

    will have to cover this liquidity shortfall through additional emergency liquidity assistance (ELA... on Wednesday raised the ELA limit for Greek banks by 1.5 billion to 75.5 billion. This means that banks have an ELA cash liquidity buffer of 2.9 billion, down from 4 billion the previous week, implying

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  8. Newsletter 81 - 08/07/2016

    Newsletters

    refinancing facilities, Greek banks could replace 7 percent of emergency liquidity assistance (ELA... in 2016. The Bank of Greece said on Thursday that the ECB lowered the ELA ceiling for Greek banks by another 2.5 billion to 58.6 billion euros until July 21. Since mid-August, the ELA limit has been trimmed

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  9. Newsletter 15 - 13/02/2015

    Newsletters

    at the end of December, equally split between ECB and ELA funding. The cost of ELA is 1.55 percent, 150 bps above that of ECB funding. On the current utilisation of ELA funding of 40 billion, this corresponds... billion), government bonds (5 billion) and T-Bills (3.5 billion) for ELA funding. On top

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  10. Eurosystem funding down by 1.4 bln in Jan due to lower reliance on ECB funding

    EconomyMacroeconomy

    with the ECB. Meanwhile, the Emergency Liquidity Assistance (ELA) funding slipped by 79 million to 68.84 billion euros in January. Since July, Greek banks have reduced their ELA funding reliance by 17.93 billion... of their recapitalisation. The composition of Eurosystem funding shows 65 percent is made up by ELA

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