ELA low­ered.

Kathimerini English - - Focus -

pean Cen­tral Bank that more mone­tary stim­u­lus may be on the way. While Greece’s bond curve re­mains ab­nor­mal in parts, the fall in two-year yields rep­re­sents a sig­nif­i­cant step as Greece moves to­ward se­cur­ing fresh bailout funds hav­ing been on the brink of ex­it­ing the euro area. Shorter-term bor­row­ing costs higher than their longert­erm costs – a so-called “‘in­ver­sion” of a coun­try’s gov­ern­ment bond yield curve – is an in­di­ca­tion that in­vestors fear it may not be able to re­pay its debts. Greek two-year bond yields fell 66 ba­sis points to 7.57 per­cent yes­ter­day, be­low 10-year equiv­a­lents of 7.64 per­cent but still above five-year equiv­a­lents of 7.30 per­cent. ment of 43 mil­lion eu­ros, which will ser­vice busi­ness trans­ac­tions for more than 36,000 em­ploy­ees in the 28 coun­tries where Coca-Cola HBC is present. The data cen­ter will be one of the three largest in Europe, the Mid­dle East and Africa and one of the largest pri­vate sec­tor projects han­dled by the OTE Group.

The Euro­pean Cen­tral Bank low­ered the cap on emer­gency liq­uid­ity as­sis­tance Greek banks can draw from the do­mes­tic cen­tral bank by 1 bil­lion eu­ros to 86.9 bil­lion, the Bank of Greece said on Thurs­day. The move re­flects an im­prove­ment in liq­uid­ity con­di­tions in Greece’s bank­ing sec­tor, the Bank of Greece said. Greek banks have re­lied on emer­gency liq­uid­ity as­sis­tance (ELA) since Fe­bru­ary af­ter be­ing cut off from the ECB’s fund­ing win­dow.

Newspapers in English

Newspapers from Greece

© PressReader. All rights reserved.