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Deposit outflows for second straight month in February, at 548 mln
EconomyMacroeconomy’ reliance on Eurosystem funding fell by 1.86 billion euros to 104.23 billion in February. The monthly change reflects a fall in the Emergency Liquidity Assistance (ELA) funding by 0.85 billion to almost 68 billion, while ECB funding eased by 1 billion to 36.34 billion. Since July, central bank funding
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Fitch affirms Greece’s rating at ‘CCC’
Economy. Moreover, unemployment is expected to fall by 4 percentage points from 25.9 percent in 2015 to 21.9 percent... to face very large funding imbalances with the Emergency Liquidity Assistance (ELA) funding making up 20 percent of their funding. In addition, the reinstatement of waiver is expected to allow only a fairly
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Piraeus Bank makes net profit of 12 mln in Q4, edges into profitability for 2017
EconomyBankingis anticipated to fall by 35 percent between December 2017 and December 2019. This will be achieved... net 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
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Alpha Bank posts net profits of 59.4 mln in Q2, NPE sales worth 3.7 bln planned for remainder of year
EconomyBankingare expected to continue to fall as processes are streamlined, including further digitalising initiatives... and wholesale funding costs, management said. The Net Interest Margin (NIM) was also stable QoQ at 2.5 percent... for Eurosystem funding is made up fully of European Central Bank funding. As of Q2, ECB funding rose by 1
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Government adamant snap polls are not under consideration
PoliticsGreek Politics. Since the fall of the military dictatorship in 1974, Greece has held 20 national elections... funding has declined significantly since 2012 because its share of the vote in the national elections has fallen dramatically. Greek parties receive state funding based on their share of votes
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Eurogroup leaves Greece in limbo, with liquidity drying up
PoliticsGreek Politicsto make alternative proposals in these policy areas. Beyond Greece and its lenders finding common ground... would be willing to show some flexibility in the way that the 7.2 billion euros in new funding would.... Nevertheless, the source of funding for the payment underlines how pressured the coalition is to come up
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Newsletter 50 - 06/11/2015
of Greeks and Portuguese frequently served to export domestic poverty abroad in the hope of finding better.... Refugee crisis could become blame game As EU expects Greece to do more, Greece expects more funding... that it was essential that funding reaches the appropriate destinations. While this to some extent
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Government hopes offer of tax breaks and grants will spark growth boost
EconomyMacroeconomyof 2.08 euros over the next 10 quarters. Based on this finding and under an optimistic assumption of 11... cost and funding of the business risk. The minimum required amount of investment that would be included... or external funding under the condition that 25 percent of the total investment cost does not include any
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Newsletter 289 - 19/03/2021
Aristotelia Peloni spoke this week of finding a way to allow “society to decompress.” These include... at the end of last year that Greece would issue a very long maturity bond as part of its funding strategy... and the higher funding needs for support measures that have already exceeded the initial estimates by 4
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Universities bill expected to pass despite many critics and united opposition
PoliticsGreek Politicspromoted in the bill, and are confident of finding support even in academic and student organisations... in loss of funding for entire programmes, amounting to a “strangulation of tertiary education... will result in a casualisation of academic labour, while the lack of funding will lead lecturers
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