Greece

  The Central Bank of Greece is working on a plan to cut in half all the bad debts that burden  Greek banks, according to a news report published by Bloomberg on Tuesday. This move is expected to strengthen trust in...

Bank of Greece governor Yannis Stournaras, is worried about a potential gap in Greece's funding after the country's apparent exit from the existing bailout programme. The bank published a report on Thursday, saying that the country's foreign creditors need to...

The European Central Bank is unlikely to include Greek bonds in its quantitative easing (QE) program for the foreseeable future, a Bloomberg report says. The ECB decision is based on the reluctance of European creditors to offer Greece substantial debt...

According to the Financial Times, Yannis Stournaras, the bank governor of Greece's central bank has called for “a new deal” to help the country cope with the enormous task of reducing fiscal surplus before debt payments which Athens must achieve...

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 lowered to 69.1 billion euros on Thursday, the ECB said after accepting a request made...

The European Central Bank (ECB) noted that even though after July Greece's expectations to default diminished, the stakes are still high due to concerns over an early and full implementation of the third bailout  program. For what concerns the Eurozone...

The European Central Bank (ECB) has decided to further lower the ceiling for Emergency Liquidity Assistance to Greece, the Bank of Greece (BoG) revealed. The new ceiling now stands at 86 billion euros. “The reduction of 0.9 billion euros in...

The Bank of Greece announced on Thursday that the Governing Council of the European Central Bank decided on Wednesday to decrease the Emergency Liquidity Assistance level for Greece from 88.9 billion euros to 89.1 billion euros. “This 0.2 billion euro reduction in...

The European Central Bank Governing Council decided on Thursday to reduce the Emergency Liquidity Assistance to Greece down to 89.1 billion euros. The approximately 600 million euro decrease comes after a first 700 million euro decrease in August. Greek banks are expected...

The European Central Bank is the institution that can be forced to pull the trigger on Greece if negotiations with creditors do not lead to an agreement, says a Financial Times report. Greek banks rely entirely on the ECB to...

The European Central Bank meeting on Wednesday will be crucial for Greece as bank governors, such as Bundesbank's Jens Weidmann, will certainly ask for a warning message to be sent to Greece regarding liquidity. European bankers who hold a hard...

The union representing Greece's municipalities voted against passing their cash reserves to the Bank of Greece after a government decree that was issued last month. Giorgos Patoulis, mayor of Maroussi and President of the Central Union of Municipalities of Greece...

Greece's lenders have enough bailout funds to cover any bad loans that may blight balance sheets in the future, according to the country's central bank. George Provopoulos, the governor of the Bank of Greece, was referring to revelations yet to...

Some central bankers expect that Greece will fail to enlist enough private investors in a voluntary debt restructuring to avoid a technical default, a German newspaper reported Tuesday. According to Dow Jones Newswires, Greece is likely to make its case...

According to The Central Bank, Greece's current account deficit narrowed from last year. The current account deficit for this June was 1.94 billion euros compared to last June with 2.31 billion euros. The improvement is mainly attributed to a decrease in...