Policy reactions to the Eurozone crisis
Emergency central bank funding to Greek banks unchanged in October
Emergency central bank funding to Greek banks remained unchanged in October compared to the previous month, Bank of Greece data showed on Monday.
Emergency funding, which is more costly than borrowing from the European Central Bank, remained unchanged to 3.57 billion euros from 3.58 in the end of September, the data showed.
ECB lowers emergency funding cap for Greek banks to 4.9 bln euros
The European Central Bank lowered the ceiling on emergency liquidity assistance (ELA) Greek banks draw from the domestic central bank by 100 million euros to 4.9 billion euros ($5.60 billion), the Bank of Greece said on Thursday.
ECB lowers emergency funding cap for Greek banks to 5 billion euros
The European Central Bank lowered the ceiling on emergency liquidity assistance (ELA) Greek banks draw from the domestic central bank by 200 million euros to 5.0 billion euros ($5.74 billion), the Bank of Greece said on Wednesday.
ECB lowers emergency funding cap for Greek banks to 5.2 bln euros
The European Central Bank lowered the ceiling on emergency liquidity assistance (ELA) Greek banks draw from the domestic central bank by 3.2 billion euros to 5.2 billion euros ($6.04 billion), the Bank of Greece said on Thursday.
ECB waiver to end on August 21, banks lose cheap cash
European Central Bank chief Mario Draghi on Friday signed the ECB's expected decision to revoke its waiver for Greek bonds, ending local banks' access to cheap funding.
The decision will come into effect on August 21, a day after the country officially completes its third bailout program.
ECB says waiver for Greek debt revoked, effective Aug. 21
The European Central Bank announced on Friday it is revoking a waiver on Greek bonds, with the decision coming into effect on August 21, a day after the country will officially exit from its third bailout program.
Seeking new means of financing the credit system
Greek banks are making plans for the period after Greece's exit from the bailout program, when they will no longer have access to a supply of cheap cash from the European Central Bank, so they are instead seeking liquidity through various alternative means outside the Eurosystem.
- Read more about Seeking new means of financing the credit system
- Log in to post comments
ECB lowers emergency funding cap for Greek banks to 8.4 bln euros
The European Central Bank lowered the ceiling on emergency liquidity assistance (ELA) Greek banks draw from the domestic central bank by 1.9 billion euros to 8.4 billion euros, the Bank of Greece said on Thursday.
ECB lowers emergency funding cap for Greek banks to 10.3 bln euros
The European Central Bank lowered the ceiling on emergency liquidity assistance (ELA) Greek banks draw from the domestic central bank by 0.6 billion euros to 10.3 billion euros ($12.03 billion), the Bank of Greece said on Thursday.
Germany Pockets EUR 2.9 Billion from Greece Bailouts
Yahoo News - Germany has earned some 2.9 billion euros ($3.5 billion) since 2010 on Greek debt bought to help the struggling country, a government report seen by AFP showed Thursday.
"Contrary to all the rightwing myths, Germany profited massively from the crisis in Greece," said Sven-Christian Kindler, a Greens party MP whose question to the finance ministry uncovered the figure.