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Economy
ECB reinstates waiver in first step towards improving liquidity conditions for Greek banks As expected, the European Central Bank’s governing council decided on Wednesday evening to reinstate the waiver on Greek government securities, which was lifted on February 4, 2015.
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Economy
ECB holds off on reinstating Greek waiver, waits for completion of prior actions Despite expectations to the contrary, the European Central Bank’s governing council did not reach a decision on Thursday regarding the reinstatement of waiver on Greek government securities.
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EconomyMacroeconomy
Eurosystem funding down by 1.4 bln in Jan due to lower reliance on ECB funding Greek banks’ Eurosystem funding fell for the seventh successive month, albeit at a slower pace, in January, when it declined by 1.42 billion following a drop of 5.89 billion in December, the Bank of Greece's (BoG) monthly financial statement displayed on Tuesday.
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Economy
Sharp increase for Greek bank provisions in Q2 due to capital shortfall highlighted by ECB Following the publication of their capital needs resulting from the comprehensive assessment conducted by the ECB’s Single Supervisory Mechanism (SSM), Greek banks released on Saturday evening their second quarter (Q2) financial results.
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Economy
ECB sees Greek banks' total capital needs at 14.4 bln, recap plans to come The ECB’s Single Supervisory Mechanism (SSM) announced on Saturday the outcome of the comprehensive assessment of Greek banks, which consisted of an Asset Quality Review (AQR) and a stress test under a baseline and an adverse scenario.
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Economy ECB increases ELA limit for Greek banks in first positive signal since referendum During a regular press conference on Thursday, European Central Bank President Mario Draghi announced the lender's governing council decided to approve a Bank of Greece (BoG) request to increase the Emergency Liquidity Assistance (ELA) limit for Greek banks by 900 million euro for one week.
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Economy
What the ECB's latest decision on ELA and collateral haircuts means for Greek banks 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 limit remains at around 89 billion euros.
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Economy
Referendum and the ECB to determine the future of Greek banks The ECB Governing Council decided yesterday to maintain the Emergency Liquidity Assistance (ELA) funding of Greek banks at current levels. Moreover, despite earlier rumors, the ECB did not take any decision on an increase on the haircut applied to ELA collaterals.
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Economy
Greek SMEs face biggest obstacles to finance in euro area, ECB finds The latest ECB bi-annual survey on enterprises’ access to finance for the six months ending in March 2015 reaffirmed that Greek SMEs continue to face the most significant obstacle among their eurozone peers.
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Economy
What higher ECB haircuts on collateral could mean for Greek banks' liquidity Friday’s Eurogroup in Riga ended with eurozone finance ministers rejecting the possibility of an extraordinary meeting before the end of the month and any kind of funding disbursal without Greece having reached a full agreement with its lenders.