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Greek banks push for return to normality
EconomyBankingwas based on the expectation of an improvement in the funding and asset risk of the banks over the next... of Emergency Liquidity Assistance (ELA). As of July, BoG noted that Greek banks’ Eurosystem funding declined by 3.29 billion month-on-month. July’s reduction brought the total for central bank funding to 13.02
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How the pension fund that invested heavily in Attica Bank lost half its reserves
Agorafindings on the asset allocation as well as on the devastating impact on its reserves from the nosedive..., mutual fund and bond portfolio holdings. This means that a considerable part of its reserves has
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PMI dips to 49.4 points in February as cost burdens pile up
EconomyMacroeconomycontributed to a further decline in inventories, as firms used current holdings to supplement... commented on the latest findings, saying that “Greek manufacturers signalled a renewed decline
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PMI rises to 51.8 points in March, first expansion in over a year
EconomyMacroeconomyas 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 conditions improved for the first
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Greek leaders' contrasting visions all a blur
AgoraMinistry claimed that a shortfall of 25 billion euros would be created as workers would stop funding... to the amount of state funding municipalities currently receive. Under his scheme, the local... they lacked, while fending off the advances of the few. Mitsotakis pledges The vision presented
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ESM board to specify rules on short-term debt relief measures
EconomyProgrammeinclude the pricing and funding of those measures ensuring that the related costs will only burden... on Wednesday the exchange of its EFSF/ESM bond holdings worth 14.5 billion, while the BoDs of the other... arrangements to stabilise the cost of funding for Greece and at the same time to reduce the risk
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PDMA sets 2020 goals to build on improving conditions for debt
EconomyGreece’s Public Debt Management Agency (PDMA) issued on Tuesday its funding strategy for 2020 after... have a ceiling on GGB holdings. The yields on Greece’s debt have dropped significantly throughout... billion euros. The PDMA outlines four main objectives in next year’s funding policy: 1) Enhance
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Piraeus Bank posts pre-tax losses of 133 mln in 9M
EconomyBanking. Management said that this was mainly due to improving funding costs and increased fixed income holdings... Eurosystem funding increased to 9 billion euros as at the end of Q3, from 400 million euros at the end...) funding. Utilisation of the interbank repo market came to roughly 100 million euros at the end
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The refugee crisis and the beast within
AgoraAs symbols go, the imaginary pig’s head in William Golding’s Lord of the Flies requires little explanation. Its meaning is summed up in one line of the unnerving classic. “Fancy thinking the beast was something you could hunt and kill!” says the fly-infested head. “You knew, didn’t you? I’m part
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New Democracy faces claims of dark funding after revelation of links to internet campaign group
PoliticsGreek Politicsthe governing party and the group, which it accused of using public funding to bankroll character assassination
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