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Govt banks on uptick in vaccines over coming months aiding return to normality
PoliticsGreek Politicsrollout, the warmer weather and mass self-testing will help restore a semblance of normality in Greece
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Newsletter 292 - 09/04/2021
that the faster rollout, the warmer weather and mass self-testing will help restore a semblance
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Home testing starts as govt aims to break free from pandemic's grip
PoliticsGreek Politicsthat the combination of vaccines, home test and warmer weather could lead to the current worrying
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Vaccination weak spots still a concern as govt aims for better summer
PoliticsGreek Politicswith the warmer weather, the self-tests and the ever-stronger shield provided by the vaccination roll
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What higher ECB haircuts on collateral could mean for Greek banks' liquidity
Economythe haircut applied to the collateral used by Greek banks for Emergency Liquidity Assistance (ELA) funding... of Greece (BoG), Greek banks’ cash ELA funding reached 68.51 billion euros at the end of March. On Wednesday, ECB raised the ELA limit for Greek banks by 1.5 billion to 75.5 billion. In addition, the ELA
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How Greek banks can balance on the collateral tightrope
Agora(ELA) funding. Based on the latest official BoG figures, Greek banks used ELA funding of 74.4 billion... decided on May 12 to lift the ELA cap for Greek banks by 1.1 billion to 80 billion. Banking sources indicated that the ELA cash liquidity buffer stood at 3.5 billion euros, implying that banks have
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Eurosystem funding for Greek banks up by 3.56 bln in May to reach 116.4 bln
EconomyMacroeconomybillion eurps almost entirely stems from a rise in the Emergency Liquidity Assistance (ELA) funding... recapitalisation process and can still be placed with the ECB for funding purposes. The increase in the ELA funding in May is similar to the increase of 3.3 billion in the ELA limit that was decided
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After 'No' vote, pulling Greek banks back from brink a priority
Economyin the Emergency Liquidity Assistance (ELA) limit for Greek banks. Press reports initially noted that the ECB... the ECB Governing Council convened for the last time on Greece, it decided to keep the ELA limit unchanged, while further postponed an increase in the ELA collateral haircut. Although, Greek banks
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Capital controls in Greece? A response to Professor Sinn
Agorafor the Eurozone (EZ) to provide sufficient liquidity, say via Emergency Liquidity Assistance (ELA) under... that lacks liquidity, simply because ELA has reached an arbitrary upper bound? Third, Professor Sinn misrepresents facts in a couple of aspects related to Cyprus. The increase in ELA for the Cypriot
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Eurosystem funding falls by 625 mln in Mar, banknotes in circulation rise by 120 mln
EconomyMacroeconomyin Emergency Liquidity Assistance (ELA). ECB funding in March came to 8.36 billion euros, along with 19 million in ELA funding. In January, the BoG had announced that it would discontinue the publication of its regular ELA-ceiling bulletin as the level had fallen below 2 billion euros. The total
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