Greek Banks
Economy
ECB Raises Emergency Liquidity Funding to Greek Banks
The European Central Bank (ECB) on Friday raised the ceiling of emergency liquidity assistance (ELA) provided to Greek banks.
Despite yesterday's dismissal, the Bank of Greece was forced to ask in an emergency teleconference on Friday the increase of the...
Economy
Greek Banks Brace for Massive Outflow After Eurogroup Breakdown
Greek banks are facing a full-blown crisis after Thursdays' Eurogroup broke down, leaving the specter of Greece's bankruptcy looming large.
Almost 3 billion euros flew out of Greek banks this week, with bank managers expecting more outflow on Friday. A representative of the...
Economy
Greek Govt: The Efforts Will Continue; There Is no Impasse
The Greek government does not want to speak of an impasse in negotiations; creditors' demands are harsh, the mandate given to the government by the people is clear and efforts will continue, government spokesman Gavriil Sakellaridis said on Monday.
He said...
Economy
S&P Downgrades Greek Banks
Standard & Poor’s has lowered its rating of Greece’s four largest banks. The Friday move came two days afterthe rating agency’s cutting its already deep-junk rating for Greek bonds.
Alpha Bank, Eurobank, the National Bank of Greece and Piraeus Bank...
Economy
Skopje Challenges Athens by Blocking Greek Bank Capital Withdrawal
Skopje showed its true colors to Athens once more, after central bank head Dimitar Bogov announced on Friday that his country bans Greek bank owners with assets in FYROM to pull out their capital unless they offer their holdings for sale.
Bogov revealed his...
Economy
ECB Increases Greek Banks' ELA by a Hefty 2.3 Billion Euros
The European Central Bank (ECB) is said to have significantly increased the ceiling of emergency liquidity assistance (ELA) provided to Greek banks on Wednesday by 2.3 billion euros.
According to Greek media, during a teleconference of the central bank’s board,...
Economy
Moody's and JP Morgan Talk About Capital Controls Due to Large Outflows
Moody's and JP Morgan warned that the continuing outflow of deposits from Greek banks has significantly increased the risk of Greek authorities imposing capital controls to limit them. Indeed this would be a credit negative event for Greek banks.
According...
Economy
ECB Raises Greek Banks' ELA Ceiling by 500 Million Euros
The European Central Bank (ECB) has increased the Emergency Liquidity Assistance (ELA) provided to Greek banks by 500 million euros, to 80.7 billion euros from 80.2 billion, news agencies reported on Tuesday.
According to the same reports, Greece's cash buffer...
Economy
How Greece’s Liquidity Problem Could Cause an Unplanned Grexit
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By Panicos O. Demetriades, University of Leicester
As Greece moves from one repayment deadline to another, you can be forgiven for thinking that the country’s main daily challenge is finding the money to pay its public sector workers and meet its...
Economy
Every Greek has an Average of 3 Bank Accounts, Almost €29 Bln Fled in 5 Months
Greeks have a total of 34,715,719 bank accounts, which means that every Greek possesses an average of three bank accounts. Also, Greeks have withdrawn 28.81 billion euros in the November 2014-March 2015 period, according to a Capital.gr report.
According to...