Daily Archives: Jun 28, 2015
Tsipras' Dramatic Call to Europe: "Restore the ELA to Greek Banks"
Greek Prime Minister Alexis Tsipras made a dramatic call to Europe to increase its Emergency Liquidity Assistance (ELA) to Greek Banks, in order for...
Security Message for U.S. Citizens: Banking Disruptions in Greece
The US Embassy in Athens issued the following statement after the implementation of capital controls in Greece.
The State Department alerts U.S. citizens residing...
Creditors Offer Account of Latest Negotiations with Greece
The European Commission offered a statement on the final hours before the negotiations with Greece and its creditors broke up. According to the statement...
Merkel Calls German Party Leaders Meeting On Greece
As Athens’ standoff with the European Commission, the International Monetary Fund, and the European Central Bank is taken to a dangerous new level, German Chancellor...
IMF Chief: 'No Aid For Greece, If 30 June Payment Missed'
International Monetary Fund Managing Director Christine Lagarde said in an interview with BBC on Sunday that her institution will not step forward to provide additional financial...
Paul Krugman: 'Greek PM Is Acting Wisely'
According to Nobel Prize-winning economist Paul Krugman, Greece seems to be doing the best thing it can under the current circumstances. Krugman thinks that Greek Prime Minister...
German Foreign Office: Tourists to Take Plenty of Cash to Greece
In view of the current financial crisis, the German government has issued an unusual advisory regarding Greece.
A statement posted on the website of the...
Greece Shuts Banks; Capital Controls Imposed Amidst Crisis
Capital controls have being imposed in Greece, as without the ECB's help the financial crisis deepens.
Greek Finance Minister Yanis Varoufakis announced that banks will stay...
EU Executive Publishes Offer that Tsipras Rejected
The European Commission has published the last set of proposals agreed by the Troika of creditors and offered to Greece late last week saying...
President Obama to Chancellor Merkel: Keep Greece in the Eurozone
President Barack Obama and Chancellor Angela Merkel discussed the situation in Greece, over a call the White House said.
The US President asked the German...