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2014 is not 2012
Agoracrisis with eurosystem funding of 20.6 billion euros in October 2008, one month after the collapse... eurosystem funding is 12.1 percent of the combined 346.4-billion-euro balance sheets of the four... not hold any more Greek government bonds in the conventional way. Their last holdings after the Public
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Review completion and SMP redemptions will decide Greece's QE eligibility
EconomyProgrammeis lower given the ECB’s SMP holdings of more than 25 billion. In addition, following the PSI and debt... Assistance (ELA) funding for precautionary purposes. This approval was crucial for the four systemic... the Athens News Agency that ECB could extend approval of ELA funding beyond the February 28 deadline
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A breakdown of Greece’s revised financing needs as part of its new ESM programme
EconomyProgrammethat 6.2 billion can be considered a permanent source of funding. Repo operations were conducted...-up of deposits also incorporates replenishment of IMF SDR holdings of 770 million that Greece had... discussions on debt reducing measures. 2) IMF unused funding of 16 billion under the current programme
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Despite speculation, post-MoU credit line seems unlikely
EconomyProgrammeas this would ensure that the Greek banks could continue to access cheap funding from the ECB... outside of Greece. An application from Athens for further stand-by funding would mean the Eurogroup also... to Greek banks and their borrowing costs as their GGB holdings are relatively small. Based
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Piraeus announces transformation plan amid 2020 loss of 662 mln
EconomyBankingto deposits ratio came to 77 percent. Eurosystem funding increased to 11 billion euros from just 400... refinancing operations (TLTRO III) funding. Gross loans before impairments and adjustments totalled... to the shareholders of Piraeus Financial Holdings. The bank is also considering selling portfolios
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Tsipras and Mitsotakis gear up for economy pledges, with eyes on fiscal targets
PoliticsGreek PoliticsAs Alexis Tsipras finalises his speech for the Thessaloniki Expo (DETH) on Saturday, his government is fending off accusations that the prime minister is preparing to make pre-election handouts and insists that any pledges made will be within the fiscal targets Greece has agreed with its lenders
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Take your seats
Agorais not to win but to stay in the game, whether that means fending off any challenge from within SYRIZA
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Newsletter 357 - 04/11/2022
PoliticsOpposition launches new attacks over surveillance, cronyismThe government found itself this week fending off more unwanted attention regarding the surveillance scandal, a matter New Democracy hoped had been put to bed following the inconclusive parliamentary inquiry into the bugging
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Opposition front against new President Tasoulas not sufficient to unite left
PoliticsGreek Politicsfor SYRIZA, Giorgos Karameros said the PM was too preoccupied with fending off opposition attacks over
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EC report analyses state of play with privatisations as HELPE hits obstacle
EconomyFeaturesday that the EC released its document, it emerged that no binding offers had been received... with Algeria’s Sonatrach after they were shortlisted for the tender. However, in the event, no binding bids... in the international environment that affect the consortia, there were no binding offers submitted
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