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HRADF's updated asset development plan sets out next batch of privatisations
EconomyProgramme(general mining and metallurgical company) as well as the state’s minority holdings in OTE (1 percent... closing of the transaction. Furthermore, the deadline for the submission of binding offers... call for hiring of advisors is also due for the sale of HRADF holdings in Hellenic Petroleum (35
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Gov't adopts patchwork of measures to overcome liquidity problems
EconomyProgrammeOvercoming a lack of liquidity and covering its funding needs until June are fast dominating... requested from Greek lenders that they retain their total T-Bill holdings at February 18 levels. This means banks can only roll over their holdings and cannot purchase any incremental amount. For April
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Piraeus Bank makes net profit of 12 mln in Q4, edges into profitability for 2017
EconomyBankingnet loans. Balance Sheet Eurosystem funding fell by around 2.3 billion QoQ and came to 9.7 billion euros at the end of Q4. Across the year, funding fell by 11.2 billion. Emergency Liquidity Assistance (ELA) funding dropped to 5.7 billion at the end of December, while ECB funding fell to 4 billion
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Reflections on Greece's balance of payments
Agorain 2009 when the funding stopped with the onset of the Great Recession. Then, between 2009 and 2014... of the euro area partner countries, the ECB, and the IMF helped Greece with unprecedented funding... percentage points of GDP (mostly in government). As the funding for very large current account deficits
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ELA funding down by 1.48 bln in July for first monthly drop since May 2014
EconomyMacroeconomyGreek banks’ Eurosystem funding fell by 1.29 billion euros in July after rising by 10.17 billion.... This was the first drop in central bank funding since September 2014. The absolute figures showed Eurosystem funding landed at 125.29 billion euros at the end of July, from 126.57 billion at the end
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A Greek proposal that deserves to be heard
Agoraand repayments to the International Monetary Fund that create a major funding hump of around 24... reduce its funding needs in the mid-term and help Greece regain market access through eligibility for the ECB’s quantitative easing (QE) programme. Using European Stability Mechanism funding
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Newsletter 104 - 27/01/2017
and matched funding. The ESM reiterated that the implementation of these short-term debt relief measures... pensioners. 2 Eurosystem funding falls for 18th successive month Greek banks have cut... a decrease in emergency liquidity assistance (ELA) funding by 1.37 billion. Greek banks’ Eurosystem funding
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Newsletter 291 - 02/04/2021
of the success of the plan will ride on the government’s ability to secure the EU funding, which... contractions in inventories as firms struggled to replenish holdings of inputs and finished goods due to delivery delays. Markit analysts commented on the latest findings, saying that while operating
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ELA funding down by 1.23 bln in August for second successive fall
EconomyMacroeconomyGreek banks’ Eurosystem funding eased for the second successive month in August, when it fell... statement showed on Monday. In absolute terms, Eurosystem funding stood at 124.06 billion euros... 2014 at 42.57 billion. The decrease in central bank funding is entirely due to a decline
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How Greek banks could cut 2014 financing gap with a bond rollover
Economyidentified two key sources that could reduce – if not eliminate – the emerging funding gap as of July... the central bank’s GGB holdings. “We must find a way to close Greece’s financing gap....” Stournaras noted in the same interview that closing the funding gap with the aforementioned rollover
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