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2014 is not 2012
Agorabanks and access to ECB liquidity is coming up again due to the bank’s position that without... crisis with eurosystem funding of 20.6 billion euros in October 2008, one month after the collapse... eurosystem funding is 12.1 percent of the combined 346.4-billion-euro balance sheets of the four
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The bad hand being dealt to Greece's next government
Agoraclose to sinking again.” The fragility of Greece’s recovery and the wishful thinking displayed by many..., the option of turning to T-Bill issues to cover short-term funding needs is not currently... as it takes over. Repos near limit The scope for turning to another short-term funding tool, which
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Shaping the post-programme narrative in Greece
Agoraweek’s Eurogroup meeting again illustrated the pitfalls that arise when a government delays... contributed roughly 28 billion euros of creditor finance, thereby exceeding Greece’s allocated funding... and matched funding. The proposed bond exchanges and interest rate swaps imply additional costs
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Decisive week for Greek programme begins with proposal from Athens
EconomyProgrammeas Athens hopes to get the review process moving again based on a proposal to extend the fiscal mechanism... relate to the pricing and funding of the measures endorsed by the December 5 Eurogroup, which involve an EFSF/ESM bond exchange, interest rate swaps and matched funding. There has also been movement
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What can Greece expect at the next Eurogroup?
Agorafrom the private sector again. Even this, though, would still leave a big question mark over how... Greece’s debt unsustainable. This will be enough for Athens to secure further funding... an agreement so that Greece can receive the funding it needs to meet around 6.5 billion euros of debt
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Athens ties up prior actions, IMF hints at programme role
PoliticsGreek Politicsprocess. SYRIZA MPs also reportedly expressed frustration that they were being asked to vote again so... not joining the Greek programme with funding at this stage appears to be growing by the day. During a press... agreed to be part of programmes and then only committed funding when the debt sustainability issue
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Eurogroup marks end of cycle and squaring of circle for Greece
Agorastatistics.” It is again in Luxembourg on Thursday that Greece will be the main topic of yet another... suggests available ESM funding for the cash buffer at 10.2 billion euros and unused ESM funds at 27.4 billion euros. The combination of ESM funding, Greece’s own bond issues, revenues from
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Newsletter 167 -22/06/2018
. By opposing the agreement, struggling ANEL will be able to try to reach out again to its relatively small..., an agreement that ensures Greece’s medium-term funding needs will be kept to a minimum. The eurozone finance... in total, covering Greece’s funding needs for the next 22 months. It is likely that Greece will use
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Newsletter 266 -18/09/2020
as talks resume Prime Minister Kyriakos Mitsotakis took to centre stage again on Thursday to warn Greeks... are kept below 15 pct of GDP. The central banker also highlighted the significance of EU funding over... of the EU funding in the 2021-2026 period at 1.9 pct annually, which has not yet been incorporated in its
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Greek 30-year bond attracts strong demand at attractive yield
Economythe markets again. They could also be used for the pre-payment of the IMF in the volume of 3 billion... of last year that Greece would issue a very long maturity bond as part of its funding strategy in 2021... and the higher funding needs for support measures that have already exceeded the initial estimates by 4 billion
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