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Conditions for Greek ECCL reportedly outlined in German document
EconomyProgrammein the current account balance. 5) Access to capital markets. Despite the issues of 3- and 5-year bonds until... that Greece’s funding needs for 2015 range between 6 and 12 billion euros. This means that the 10.9 billion could cover more than 90 percent of the upper-end of the anticipated funding gap. Reports
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Greek deposits almost unchanged at 164.3 bln in November
EconomyMacroeconomyto just a fraction of the 89 billion deposits that had been withdrawn from Greek banks until... funding by more than 28 billion euros in the year to date. This development followed the capital... in the first half of the year and is also attributed to replacement of ECB funding by interbank lending
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The bad hand being dealt to Greece's next government
Agoraweeks. Political uncertainty did not become a factor until much later in the process, by which time..., 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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Moody's explains why it sees SYRIZA win as credit negative
Economy7-8 billion since early December and are likely to continue until there is more clarity regarding... outflows increase Greek banks’ reliance on ECB funding, which is contingent on a troika support... raises doubts about the funding of SYRIZA fiscal programme focusing on short-term fiscal measures
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Referendum call stretches state liquidity, pensioners first to bear the brunt
EconomyProgrammeJune 29 until July 6 had a series of negative repercussions on the life of Greek citizens..., citing funding issues that arose due to the capital controls. This is mainly attributed to revenues... probably fall short of target for the second straight month creating an additional funding issue
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Have inflation "repay" Greek debt and growth reduce indebtedness
Agorabecause lenders would know that Greece is free of major debt obligations until 2065. And the beauty... of this measure would be equal to the cost of funding the 80 BEUR when those 80 billion don’t generate a return. Assuming that Germany can currently fund itself at 1 percent, the annual funding cost would
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A breakdown of Greece’s revised financing needs as part of its new ESM programme
EconomyProgrammeinvolve: 1) SMP and ANFA income totaling 7.7 billion euros until July 2018. It is noteworthy... that 6.2 billion can be considered a permanent source of funding. Repo operations were conducted... discussions on debt reducing measures. 2) IMF unused funding of 16 billion under the current programme
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Athens warms to idea of eurozone going it alone after Schaeuble IMF comment
EconomyProgrammeof the second programme review as well as the prospects of the country until 2018 and beyond.... without the IMF or with the participation of the IMF and absence of funding is a development that could... to meet its obligations beyond June without external funding, it is possible that the German finance
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Debt relief moving to centre stage in programme discussion
PoliticsGreek Politicsregarding the extent of the measures not being settled until 2018. New Democracy, on the other hand... the Greek programme with new funding. The IMF has always been clear that any debt relief measures would... to a fourth memorandum without any funding. While it is true that the Greek government will have to vote
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What can Greece expect at the next Eurogroup?
Agoraup to primary surplus targets of 3.5 percent of GDP until 2022 and an average of around 2 percent... 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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