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Greek banks set for early ELA return in apparent precautionary move
Economyrequests for ELA funding at some point in February, particularly because collateral of 21 billion euros would no longer be eligible for ECB funding from March 1. However, it appears that liquidity... bank bonds would not qualify for ECB funding eligibility as of March 1, 2015. This date coincides
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World Bank sets out savings Greece can make from streamlining welfare benefits
EconomyProgrammewelfare review (SWR) in line with the World Bank findings. Other funding sources include permanent...The funding of the guaranteed minimum income (GMI) emerged as one of the most contentious issues... of 350-400 million euros for the GMI funding. Government sources argue it is lower and could be also
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Government seeks to appease banks over ADMIE privatisation
EconomyMacroeconomyfrom PPC, the establishment of a holding company, PPC transferring to that company a 51 percent stake... general meeting (EGM) on January 12 to approve the establishment of a holding company, the transfer... in ADMIE that is due to be transferred to the holding company. According to the study, the medium
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ECB set to provide extra liquidity to Greek banks but capital needs remain an issue
Economycovering the capital shortfall of 5.8 billion (under the binding baseline scenario) identified... that this will happen. Greek bank’s ECB funding collateral is made up of state-guaranteed bank bonds (up to 40..., is that according to a March 2013 ECB statement they would no longer be eligible for funding purposes
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NBG reports net profits of 131 mln in Q1, accelerating profitability
EconomyBankingof this year. Non-binding offers have also been received for Project Mirror, an unsecured portfolio.... Eurosystem funding came to 2.3 billion in Q4 and was unchanged QoQ. As of the end of 2017, NBG had fully eliminated Emergency Liquidity Assistance. The total amount currently consists of TLTRO funding from
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From the National Energy and Climate Plan to COP26: What has Greek climate policy learned?
Societyon the energy and climate change front, making 6 billion euros of EU stimulus funding available over..., Greece is licensing new gas-fired power stations, as well as using previous rounds of EU funding... enough. The country’s first draft Climate Law will make policy targets binding under EU legislation
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The state of play with Greek banks' liquidity
Economyof Greek banks’ access to Emergency Liquidity Assistance (ELA) funding. The request submitted by the Bank... for the approval like other ECB funding operations such as TLTROs. However, ELA can be restricted if the ECB... stands at 1.55 percent, 150 basis points above the respective ECB funding cost of 0.05 percent
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Newsletter 88 - 16/09/2016
, by the end of the month, the 15 milestones that would unlock further funding. On top... cautious on whether tourism revenues will see similar growth. Greek banks’ Eurosystem funding was reduced... liquidity assistance (ELA) and ECB funding, which fell by 2.55 and 1.83 billion, respectively. Market
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Audit of Greek debt adds to pressure on Tsipras in creditor talks
PoliticsGreek Politicswith lenders more complicated by publishing the preliminary findings of a debt audit committee she..., but Konstantopoulou felt it had covered enough ground to issue its first findings on Wednesday, some two... preliminary findings certainly make it much more difficult for Tsipras to bring back an agreement
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SYRIZA and ND square up on cost-of-living crisis as government attempts to draw line under surveillance
PoliticsGreek Politics’ narratives is one which is expected to play out in the coming months. Surveillance findings.... At the insistence of New Democracy, which held the majority on the inquiry panel, the findings... represented New Democracy on the committee, expressed his satisfaction at findings, claiming they showed
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