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  1. Budget primary deficit at 1.47 bln euros in Jan, revenue shortfall hits 812 mln
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    billion euros. Net revenues came to 3.85 billion euros, below target by 812 million euros... a deficit of 782 million euros for the month.

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  2. What the ECB's latest decision on ELA and collateral haircuts means for Greek banks
    Photo by MacroPolis

    Economy

    The European Central Bank decided on Monday to maintain the Emergency Liquidity Assistance (ELA) limit for Greek banks at June 26 levels, when it was raised for the last time. This means that the ELA... to adjust the haircut applied to collateral used for ELA. The decision was prompted by the “worsening

    69%

  3. Eurosystem funding drops by 2.2 bln in May, mostly on further decrease in ELA reliance
    Photo by MacroPolis

    EconomyMacroeconomy

    2014. The monthly movement stems from a decrease in the Emergency Liquidity Assistance (ELA) funding by 1.4 billion coupled with lower ECB funding by 819 million. Specifically, ELA funding was reduced... to the conclusion of the second programme review. The lower dependence on ELA funding in May was largely

    58%

  4. Eurosystem funding drops by 2.7 bln in June on reduced ELA liquidity

    EconomyMacroeconomy

    from a decrease in the Emergency Liquidity Assistance (ELA) funding by 2.77 billion. ECB funding increased by 100 million, the first increase since June 2016. Specifically, ELA funding was reduced... of the second programme review. The lower dependence on ELA funding in June was largely expected

    56%

  5. Eurosystem funding drops by 3.9 bln in July on big decline in ELA
    Photo by Kiefer via Flickr https://flic.kr/p/q2j8Dt

    EconomyMacroeconomy

    in the Emergency Liquidity Assistance (ELA) funding by 3.37 billion, the largest drop since June 2016. Additionally, European Central Bank (ECB) funding fell to 15.8 million. ELA funding was reduced... to the conclusion of the second programme review. The lower dependence on ELA funding in July had largely

    56%

  6. Eurosystem funding drops by 5.1 bln in Aug driven by ELA fall
    Photo by Kiefer via Flickr https://flic.kr/p/q2j8Dt

    EconomyMacroeconomy

    Assistance (ELA) funding by 3.70 billion euros, the largest drop since June 2016. Additionally, European Central Bank (ECB) funding fell by 1.37 billion to 14.44 billion euros. ELA funding was reduced... related to the conclusion of the second programme review. The lower dependence on ELA funding in August

    56%

  7. Eurosystem funding falls by 4.38 bln in October as ELA declines

    EconomyMacroeconomy

    in Emergency Liquidity Assistance (ELA) funding by 5.74 billion euros, which offset a rise in European Central Bank (ECB) funding by 1.36 billion to 14.59 billion euros. ELA funding has fallen every... review. A fall in ELA funding for the month had been anticipated, as the ECB has been lowering

    56%

  8. Eurosystem funding down by 535 mln in April, ELA falls for second straight month
    Photos by Dennis Skley via Flickr https://flic.kr/p/qcppmH

    EconomyMacroeconomy

    a similar decline in both the Emergency Liquidity Assistance (ELA) and the ECB funding by 269 and 266 million euros respectively. Specifically, ELA funding was reduced for the second successive month... on March 23 to increase the ELA ceiling by 400 million euros to 46.6 billion for the first time since

    55%

  9. Eurosystem funding drops by 1.45 bln in March as ELA reduction offsets ECB rise
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    was entirely driven by a fall in Emergency Liquidity Assistance (ELA) funding by 1.50 billion euros... funding has increased. In recent months, ELA funding has been steadily falling, with the latest reduction coming on April 12, when the ECB announced that the ELA ceiling for Greek banks would be reduced

    55%

  10. Eurosystem funding drops by 2.80 bln in February, led by ELA reduction

    EconomyMacroeconomy

    , the decline was driven largely by a fall in Emergency Liquidity Assistance (ELA) funding by 2.37... Bank (ECB) funding to 11.24 billion euros. In recent months, ELA funding has been steadily falling with the latest reduction coming on March 8, when the ECB announced that the ELA ceiling for Greek

    53%