Thursday , July 25 2024
Home / Tag Archives: ELA

Tag Archives: ELA

Greek banks cut borrowing from ELA to zero

The Greek banking system has returned to normality after bringing its dependence on the Emergency Liquidity Assistance (ELA) mechanism down to zero, banking sources told the Athens-Macedonian News Agency (ANA) on Wednesday. The sources said that Attica Bank was the last remaining Greek bank to cut borrowing from the liquidity mechanism. …

Read More »

Bank of Greece links recent plunge of banks stocks to “interest rates rises”

The Bank of Greece has linked the latest developments in the Athens Stock Exchange and the plunge of Greek banks stocks to exogenous factors such as rises in interest rates internationally and in Greece’s neighbouring countries in particular. In a statement issued on Wednesday, the Bank of Greece stressed among …

Read More »

Referendum final: NO 61.3%, YES 38.6%; SAMARAS resigns

Ballot boxes closed at 7 o’ clock in the afternoon. Immediately, several private television channels started to public results of public opinion surveys conducted among Greeks before and after they voted. However these results were not exit polls. Orange: NO Green YES Live Blog starts here 07:30 pm – First …

Read More »

ECB leaves ELA level for Greece unchanged, while Greeks withdraw money like crazy: €300m just yesterday

The European Central Bank left the level of Emergency Liquidity Assistance  available to Greek banks unchanged from a week ago, two people familiar with the matter told Bloomberg. “During a telephone call on Wednesday, the Governing Council left the cap on Emergency Liquidity Assistance at 80.2 billion euros ($87.6 billion), …

Read More »

German Bundesbank still sees risk of Greek euro exit

Germany’s central bank Deutsche Bundesbank sharply criticized the European Central Bank for the ways it handles the eurozone rescue and still sees risks for Greece to exit the euro area. In a 29-page report the Bundesbank analyses the risks of the euro rescue policies.  The report was prepared by DB …

Read More »