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ECB Lowers Emergency Funding Cap for Greek Banks to €45.3 Billion

On Thursday the Bank of Greece (BoG) announced that the European Central Bank (ECB) has lowered the emergency funding cap for Greek banks to...

ECB: Greece Forecasted to Achieve Growth Rate of 0.1% of GDP in 2016

The European Central Bank (ECB) forecasts that Greece will achieve a growth rate of 0.1 percent of GDP in 2016, in the Eurosystem staff...

Greek Banks’ ELA Funding Drops by €1.3 Billion in November

Data released by the Bank of Greece (BoG) on Tuesday shows that in November of 2016 the country's emergency bank funding (ELA) dropped some...

Greeks Still Opting to Hide ‘Mattress Money’ Instead of Depositing in Banks

It appears that the Greek government lifting controls this summer on new money entering bank accounts has done very little to actually impact the...

Borrowing Ceiling for Greek Banks Reduced 0.2 Billion Euros by ECB

  European Central Bank lowered the borrowing ceiling for Greek banks from the ELA mechanism by 200 million euros, the Bank of Greece said on...

European Central Bank Lowers ELA for Greece Ahead of Eurogroup

The European Central Bank (ECB) has lowered the borrowing ceiling to Greek banks by 300 million euros on Thursday. The Emergency Liquidity Assistance mechanism (ELA) was...

ECB, IMF, ESM and European Commission Release Joint Statement on Greek Program

The European Commission, the European Central Bank (ECB), the International Monetary Fund (IMF) and the European Stability Mechanism (ESM) released a joint statement on Thursday...

ECB President: Greek Economy Backslided in 2015

Greece has made reforms in the past few months but its economy backslided in 2015, said European Central Bank (ECB) President Mario Draghi. In an...

European Central Bank Decreases ELA Ceiling for Greece

The European Central Bank (ECB) has decided to further lower the ceiling for Emergency Liquidity Assistance to Greece, the Bank of Greece (BoG) revealed....

Finance Μinistry, Greek Banks Say they’re Positive About Results of Recapitalization

Greece ’s finance ministry and the country’s main lenders expressed on Sunday their optimism about the outcome of the third bank recapitalization, following the...

European Central Bank: Greek Banks Need Up to 14.4 Billion Euros

The European Central Bank has assessed that the four systemic banks of Greece need at least 4.4 billion euros and up to 14.4 billion euros to cover their...

Greek Banks Need 14 Billion Euros, Report Claims

The four major Greek banks need 14 billion euros to cover their capital needs, according to Reuters. A Reuters report cites two European officials who claim that...

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