Showing posts with label ELA. Show all posts
Showing posts with label ELA. Show all posts
Saturday, July 4, 2015

4/7/15: Timeline for Greece and Some Anchoring

›
Greece timeline for the weekend: Greece has missed the IMF and ECB payments this week  with both non-payments having potential for trigg...
Friday, July 3, 2015

3/7/15: Add ECB to IMF and Greek arrears can get ugly...

›
Ah, remember Brodsky's "Urania is old than sister Clio" bit? Well, not in finance. Apparently, or allegedly, as reported in ...
Thursday, June 25, 2015

25/6/15: Monetising Greece

›
Recently, I mused about cash balances in Greece being monetised by the ECB. Here is some evidence. First Greek holdings of cash: Ne...
Tuesday, June 23, 2015

23/6/15: In the parallel Universe of Greece: Strangulation is Cure

›
Greece has been 'repaired' with an application of yet another plaster to a gaping shark wound. ECB hiked ELA once again, this ti...
Sunday, June 21, 2015

21/6/15: ECB ELA for Greece: Welcome to a Daily Drip of 'Solvency'

›
Two days ago, I speculated on ECB's motives for drip-feeding ELA liquidity provisions to Greek banks ( http://trueeconomics.blogspot.i...
Friday, June 19, 2015

19/6/2015: Greek ELA and ECB... What's the Rationale?

›
The price of getting Greece ejected or pushed out of the euro has now risen once again as ECB added to the ELA provided to Greek banks ami...
Tuesday, June 2, 2015

2/6/15: Greece: Back to the [Groundhog Day] Future

›
Couple of weeks back I posted a detailed list of ECB ELA hikes since February 2015. So here's an updated table: - Feb 5, 2015 = EUR5...
Wednesday, May 27, 2015

27/5/15: No ELA Increase amidst Deposits Flight: Greece

›
Three quick updates to my earlier post on things getting crunch-time(y) in Greece: Firstly, t he U.S. is stepping up its pressure on t...

27/5/15: Crunch Time Timeline for Greece

›
Crunch time continues for Greece. Here is the schedule of the upcoming 'pressure points': Source: Citi And an update to the...
Friday, May 15, 2015

15/5/15: Greece on a Wild Rollercoaster Ride

›
Greece has become a BitCoin of Europe in terms of volatility, and, man, things are soaring and crashing on a daily basis now. Here are thr...
Tuesday, April 21, 2015

21/4/15: Greece Heading for the Bust?

›
With capital controls starting to creep in and with a big peak in debt redemptions looming,  as per chart below, Greece is now entering t...
Wednesday, March 26, 2014

26/3/2014: 13 months on, the Promo Notes deal stinger is still in...

›
Back in September 2013 I wrote in Sunday Times that ECB might want to consider accelerated disposal of the Government bonds held by the Ce...
Friday, December 20, 2013

20/12/2013: Are the bondholders' bailouts off the table now?

›
From late 2008 on through today, myself (including on this blog) and a small number of other economists and analysts have maintained a ver...
Monday, March 25, 2013

25/3/2013: Cyprus 'deal' - notes from the impact crater

›
What are the true 'innovations' of the Cypriot 'bailout' deal? At this junction one must face the realisation ...

25/3/2013: Debt, Demand & Deposits: Cyprus 2013

›
Der Spiegel has a handy graphic detailing the extent and the depth of the Financial Services sector in Cyprus... [ link ] The above l...

25/3/2013: Bankrupted Cyprus, aka 'The Rescue'

›
While European 'leaders' celebrate the breakthrough 'bailout' agreement with Cyprus, let's get back to Planet Reality,...
3 comments:
Sunday, March 24, 2013

24/3/2013: Few Cypriot Myths & Few Billions in Losses

›
Ever wondered why would the IMF (and reportedly the EU Commission) reject the proposed (Plan B) Cypriot Government raid on state pensions ...
1 comment:

24/3/2013: Are Cypriot Debt Dynamics Worse than Greek?

›
A nice chart via Pictet ( link ) on the size of the banking sector in Cyprus and its dynamics since 2006: Now, do notice, reducing th...
1 comment:
Friday, March 22, 2013

22/3/2013: Cypriot Plan B - any better than Plan A?

›
So the reports are that Cyprus has a Plan B. And the outlines of the Plan - filtering through yesterday - are quite delusional. The Plan...
Sunday, June 24, 2012

24/6/2012: IBRC 'repayment' of €1.14 billion

›
New wave of outrage: IBRC is about to repay €1,142 million worth of unguaranteed senior bonds this coming week. Here's a link to the ...