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PoliticsGreek Politics
More restrictions on way as Athens revels in ECB decision Prime Minister Kyriakos Mitsotakis was due on Thursday afternoon to give his third public address in two weeks in connection to the coronavirus.
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Economy
ECB makes Greece eligible for up to 12 bln in bond purchases amid market frenzy After seeing its sovereign debt market decimated within a period of four weeks, Greece breathed a sigh of relief on Wednesday night when the ECB announced that it will include the country in its Pandemic Emergency Purchase Programme (PEPP).
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EconomyMacroeconomy
Athens takes heart from Gentiloni, Lagarde comments but still has distance to cover During the first visit to Athens of the new Economic Affairs Commissioner Paolo Gentiloni, the Greek government stepped up its efforts to secure more fiscal space that will allow it to continue its policy of tax cuts.
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EconomyBanking Banks gear up for 2020 stress tests as evaluation begins The European Central Bank (ECB) announced last Friday the beginning of the stress test process for 2020, an EU-wide exercise that will be led by the European Banking Authority (EBA) and will examine 35 significant euro area banks, which are directly supervised by the ECB and cover 70 percent of banking sector assets in the eurozone.
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EconomyBanking
Athens looks to overcome APS snags as it awaits green light from Brussels Finance Minister Christos Staikouras was due to meet the CEOs of Greece’s four systemic banks on Thursday as the government appears to be stepping up its efforts to secure approval for the Asset Protection Scheme (APS) aimed at reducing the giant pile of NPLs on their balance sheets.
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EconomyProgramme
ND aims to show progress at Eurogroup but QE unattainable for now Finance Minister Christos Staikouras was due on Friday to take up the government’s drive to convince Greece’s eurozone partners that the country is on the right track following this summer’s elections.
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EconomyMacroeconomy
Eurosystem funding rises by 539 mln in June, banknotes in circulation also up Greek banks’ Eurosystem funding rose by 539 million euros month-on-month (MoM) in June according to the monthly Bank of Greece's (BoG) financial statement.
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EconomyMacroeconomy
Eurosystem funding drops by 399 mln in May, ELA collateral falls to zero Greek banks’ Eurosystem funding fell by 399 million euros month-on-month (MoM) in May, the monthly Bank of Greece's (BoG) financial statement showed.
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EconomyMacroeconomy
Eurosystem funding rises by 84 mln in Apr, ELA eliminated Greek banks’ Eurosystem funding edged up by 84 million euros month-on-month (MoM) in April, the monthly Bank of Greece's (BoG) financial statement showed on Thursday.
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EconomyMacroeconomy Eurosystem funding falls by 625 mln in Mar, banknotes in circulation rise by 120 mln Greek banks’ Eurosystem funding declined by 625 million euros month-on-month (MoM) in March, the monthly Bank of Greece's (BoG) financial statement showed on Tuesday.