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General gov't primary cash surplus to April at 1.69 bln
EconomyMacroeconomyto the Emergency Liquidity Assistance (ELA) to 3.1 billion euros at the end of April from 9.8 billion
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Alpha Bank reports H1 profits of 267.4 mln on one-off item
EconomyBankingthat Alpha and the other three systemic banks have eliminated ELA funding since May. The bank’s Basel III
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National Bank reports 1.15 bln H1 profit on back of 1 bln deferred tax
EconomyBankingwith zero ELA reliance. Excluding EFSF bonds (related to last year’s capital increase), net ECB exposure
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Eurobank reports net loss of 301.1 mln in Q2
EconomyBankingand stood at 10.4 billion at the end of August with zero ELA. The bank’s Common Equity Tier I (CET1) ratio
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Piraeus Bank reports net profit of 164.3 mln in Q2
EconomyBankingBank funding is comprised exclusively by ECB funding, as ELA reliance was eliminated since May
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Snap elections in Greece bring state's liquidity constraints into focus
EconomyAssistance (ELA) mechanism to cover the incremental liquidity. Greek banks currently cover
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SYRIZA hits back in funding row, says it could issue T-bills and use repos
EconomyLiquidity Assistance (ELA) mechanism. The cost of the latter currently stands at 1.55 percent, 150 bps above
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The bad hand being dealt to Greece's next government
AgoraLiquidity Assistance (ELA) as a precautionary move. While local lenders are in much better shape than
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Greece and lenders with conceptual, as well as practical, gaps to bridge
PoliticsGreek Politicsturned to the European Central Bank’s Emergency Liquidity Assistance (ELA) for back up. The ECB’s board
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The alternative of (tax-based) capital controls for Greece
Agoracontrols with the discontinuation of ELA. These capital controls would provide ample time for the Greek
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