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Eurosystem funding drops by another 2.8 bln to 101.4 bln in March
EconomyMacroeconomyfor the first time in two years. The decrease in March stems from a reduction in the Emergency
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Newsletter 70 - 15/04/2016
had grown increasingly uncomfortable with having to vote on emergency bills after minimal debate
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Discontent in SYRIZA simmers as Tsipras seeks to conclude talks with creditors
PoliticsGreek Politicsand pension bills to Parliament this week to prevent them having to be voted under the unpopular emergency
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Pension and income tax reform bill sets out 4.4 bln in new measures
EconomyProgrammeThe government tabled in Parliament on Friday evening the bill containing the pension and income tax reforms it had put to public consultation a few days earlier. The draft legislation also introduces a change to gaming taxation. The bill is expected to be discussed under the normal - not emergency
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Hopes of swift deal on contingent measures doused by technical, political complications
PoliticsGreek PoliticsThe chances of Greece and its lenders achieving an agreement this week so an emergency Eurogroup can be held on Thursday appear to be receding by the hour. Athens and the institutions have yet to agree on how the 2 percent of GDP (3.6 billion euros) in contingent measures could be legislated
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Failure to agree on contingent measures causes further delay in conclusion of review
PoliticsGreek Politicsfor an emergency EU leaders’ summit to discuss the Greek issue. Calls to top European leaders are bound
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Marginal deposit inflows of 55 mln in March
EconomyMacroeconomyto 101.45 billion in March. The monthly movement reflects a reduction in the Emergency Liquidity
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Piraeus first Greek bank to repay Pillar II bonds, others to follow
EconomyBankingfor funding purposes. Since March 2015, those bonds can only be used for Emergency Liquidity
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General gov't primary cash surplus widens to 3.2 bln in March, arrears jump to 6.7 bln
EconomyMacroeconomyby 5.18 billion to 25.11 billion and a smaller decrease in the Emergency Liquidity Assistance (ELA
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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
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