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ELA funding drops by 1.58 bln in Sept for third straight fall
EconomyMacroeconomyGreek banks’ Eurosystem funding slipped for the third straight month in September, when it fell.... Overall, Central Bank funding has been reduced by 5.19 billion euros over the past three months. The absolute figure showed Eurosystem funding reached 121.39 billion euros in September, which is the lowest
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Eurosystem funding slips by further 1.9 bln to 104.2 bln in Feb
EconomyMacroeconomyGreek banks’ Eurosystem funding continued heading south for the eighth straight month in February..., central bank funding has dropped by 22.35 billion euros, amid reduction of uncertainty, stabilisation... of Eurosystem funding with interbank repos. The Emergency Liquidity Assistance (ELA) funding slipped
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How 'clean' can an exit be? Athens snared between Rome and Berlin
Agorawithout a PCL. But what happens when funding costs for sovereign debt increase and spreads continue... will take notice if domestic funding challenges arise from external risks that may require recourse..., not only geographically, but also regarding various parameters of both countries’ risk profiles
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S&P keeps Greece at 'BB-' but revises outlook to stable on Covid-19 concerns
Economythat significantly reduces Greece’s funding needs. Sovereign access to funding is also supported... profiles in its sovereign ratings universe, with the debt held by the private sector accounting for just 20
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Greek banks' Eurosystem funding drops to 44.95 bln in June, lowest since Jan 2010
EconomyMacroeconomyGreek banks’ Eurosystem funding dropped by another 5.71 billion euros in June, after falling... of May, Eurosystem funding stood at 50.66 billion. The monthly movement is due to a drop in ECB funding by 5.7 billion euros to 44.95 billion. The Emergency Liquidity Assistance (ELA) funding also fell
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Greek banks' Eurosystem funding sees reduced drop of 334 mln in July
EconomyMacroeconomyfunding eased by just 334 million in July, according to the Bank of Greece's (BoG) monthly financial... is entirely attributed to European Central Bank funding dropping by a further 335 million to 44.62 billion euros. The Emergency Liquidity Assistance (ELA) funding rose by 0.91 million to 1.55 million
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SYRIZA hits back in funding row, says it could issue T-bills and use repos
EconomyThe issue of covering short-term funding needs remains at the forefront of the confrontation... the same funding tools as the current coalition, the Finance Ministry (MoF) issued a press release... level of T-Bills for central bank funding purposes, enabling Greek banks to use this funding source
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Greece's imminent funding problems: All the numbers you need
EconomyProgrammeto take it past June, it has to overcome its pressing funding needs, with March probably being the biggest hump it has to get over during the next four months. Greece's funding shortage is stretched...-Bills for ELA funding (as they could with the ECB before February 11) for an amount up to 3.5
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Greek banks' Eurosystem funding at 13-month high of 104.2 bln in Feb as ELA rises
EconomyMacroeconomyAs expected, Greek banks’ Eurosystem funding climbed by another 16.77 billion euros month on month... evolution also showed an expected material change in the funding mix. In particular, the Emergency Liquidity Assistance (ELA) funding jumped by 60.41 billion MoM to 65.64 billion in February. The monthly
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Greek Eurosystem funding up by 2.9 bln in March, reaches total of 107.1 bln
EconomyMacroeconomyAfter a sharp rise by 16.77 billion euros in February, Greek banks’ Eurosystem funding increased... Assistance (ELA) funding by 2.87 billion to 68.51 billion. This was the highest reading since December 2012. The monthly increase in the ELA funding most likely reflects an equal amount of deposit
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