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Greek banks' capital backstop and the funding gap: An uneasy relationship
Economybuffer was recently fuelled by rumours that it could be used for covering Greece’s funding gap... used to cover the funding gap. The HFSF’s capital buffer has also come under the spotlight because... to count on the banks’ backstop facility to cover the anticipated funding gap and avoid another troika
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Greece's fiscal, debt and funding goals as set out at Eurogroup
EconomyProgrammeof additional T-Bills to cover funding needs, which he argues would not raise the debt amount... percent, the debt ratio in NPV terms would reach 120 percent in 2020. 2015 funding needs The budget.... To cover the short term funding needs, the Greek government proposed the combined involvement
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Gov't sees reform multi-bill as path to funding but resistance abounds
PoliticsGreek Politicsbailout funding. The multi-bill is expected to be largely based on proposals sent to creditors... genuinely believes that it can secure some funding based on the multi-bill and the recent changes... of funding very soon and is likely to have to make uncomfortable compromises to secure it. These compromises
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A breakdown of the funding needs involved in Greece's third bailout
EconomyProgrammethe country’s funding needs over the course of the three-year programme are also likely to come... funding needs figure of 81.7 billion could be lowered by SMP and ANFA income of 7.7 billion to 74 billion, which is its official estimate for the net financing gap. Other funding sources could involve
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Piraeus Bank posts net profit of 24 mln in Q2, ELA funding fully eliminated
EconomyBankingnet loans from 161 bps in Q1. Balance Sheet Eurosystem funding fell by around 4.3 billion QoQ and came to 1.8 billion at the end of Q2. Emergency Liquidity Assistance (ELA) funding dropped to around 300... quarterly for almost two years now. ELA funding was eliminated despite the ECB waiver for Greek bonds
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Parties gear up for battle over pandemic media funding amid more warnings about press freedom
PoliticsGreek PoliticsPublic funding directed at the media during the pandemic will be at the centre of a parliamentary... outlets under the pretext of public health campaigns on Covid, and of funding pollsters in exchange... half of Greeks disapprove of the government funding commercial news organisations unable to support
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Eurogroup marks end of cycle and squaring of circle for Greece
Agoraeurozone central banks make from their holdings on Greek bonds. They are due to be paid in full, along.... These holdings were at some point put in the scope of reprofiling to make near-term debt repayments smoother... suggests available ESM funding for the cash buffer at 10.2 billion euros and unused ESM funds at 27.4
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Greece's extension proposals to the Eurogroup and what they mean
PoliticsGreek Politicsto be eligible collateral for ECB funding purposes. As a result, Greek banks resorted to the Emergency Liquidity Assistance (ELA) mechanism of the Bank of Greece (BoG) for funding. However, the provision of ELA funding is approved by the ECB twice a month for a 2-week period, while ELA could
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Higher revenues set to ease coalition's liquidity concerns
EconomyProgrammeThe Greek state has to imminently cover funding needs of around 1.2 billion euros this week in two... to rollover their Greek T-Bill holdings as of December, more than 700 million of maturing T-Bills... million from the Manpower Employment Organisation (OAED). The second important funding obligation
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Greece makes new proposals in search for deal acceptable to lenders and MPs
PoliticsGreek Politicsand the International Monetary Fund creating a major funding hump of around 24 billion euros over the next... reduce the funding needs in the mid-term and help Greece regain market access through eligibility... funding (similar to the buyback exercise involving privately held debt at the end of 2012) to buy back
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