Greece
Economy
Tsipras: ECB's QE Program No Longer Crucial for Greece
Despite opposite statements in the past, prime minister Alexis Tsipras no longer believes that stimulus from the European Central Bank (ECB) is crucial for the economic recovery in Greece.
"I think we will join the QE (quantitative easing) program but...
Economy
Greek FinMin: We Can Borrow From Markets Without QE
Greece can borrow from the markets without the inclusion of its bonds in the European Central Bank's quantitative easing (QE), Finance Minister Euclid Tsakalotos said on Thursday.
Even though Greece completed the second evaluation of the bailout program, the ECB...
Economy
ECB Head Mario Draghi Puts QE on Hold
"Until sufficient details are given on debt-related measures, serious concerns remain about the sustainability of Greek government debt," noted ECB head Mario Draghi.
In a letter responding to a question by Mr. Nikolaos Choudis on whether a debt sustainability...
Economy
Bloomberg: European Central Bank Unlikely to Include Greece in QE Soon
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...
Economy
Athens to Seek Debt Relief Solution at EU Summit, Probably Loses QE Program
Greek government sources said late on Thursday evening that Athens would reject the solution proposed at the June 15 Eurogroup and transfer the issue to the June 22 EU Summit.
The decision came after leaked statements by European officials who...
Economy
Bankers: Athens' Provisional Agreement With Lenders Is a Step Towards QE Program, But More Time Is Necessary
Following the provisional agreement between Athens and its lenders, senior bank officials have said that such an agreement is a notable step towards returning the Greek economy to normal - something which will send the country on its way...
Economy
Berlin Takes Initiative to Facilitate Greece's Participation in QE Program
German Chancellor Angela Merkel has taken the initiative to help Greece enter the European Central Banks' quantitative easing (QE) program, provided that Athens agrees to implement fiscal measures amounting to 2% of GDP, a Kathimerini report says.
According to the...
Greece
ECB's Draghi: Debt Sustainability and 2nd Assessment for Greece to Join QE
Speaking today at the economic and monetary affairs committee at the European Parliament in Brussels, ECB president Mario Draghi stated that the sustainability of the Greek debt and the completion of the second assessment are prerequisites for Greece to...
Economy
ECB's Decision to Extend QE Is 'Good for Greece' ECB Sources Say
The European Central Bank (ECB) governing board's decision to extend the ECB's quantitative easing programme until December 2017 is positive for Greece, giving it additional time to enter the programme, ECB sources told the Athens-Macedonian News Agency (ANA) on...
Economy
Greek PM Tsipras: Time for Greece's Creditors to Honor Their Side of the Bargain With QE in 2017!
Greek Prime Minister Alexis Tsipras appeared optimistic on Friday over debt relief for Greece while he also stressed the need for Greece's inclusion in the European Central Bank's (ECB) Quantitative Easing (QE) program. He made his statement a day...
Economy
ECB Has No Set Timeline to Include Greece in QE Program
The European Central Bank has not yet specified a timeline to include Greece in its 80-billion-euro a month asset purchase program, says a Reuters report.
In a letter sent to European lawmakers, ECB President Mario Draghi said that Greece does...
Economy
Greek Stock Exchange 5 Points Up After QE Announcement
The announcement of the 1.1 trillion euros quantitative easing program by the European Central Bank brought a rise in the Athens Stock Exchange.
The QE program announced yesterday by ECB President Mario Draghi had international markets on an upswing with...
Economy
ECB President 'Corners' Next Greek Gov't Tying QE to Good Behavior
The European Central Bank set conditions for Greece in order to access the announced bond-buying program. The next Greek government will have no access to the Quantitative Easing program for at least six months unless they heed the demands...
Greece
The Greek Conquistadors Who Fought in the Spanish Army
After Constantinople, a city first settled by ancient Greeks in the 7th century BC as Byzantium, fell to the Ottoman Empire in 1453, many Greeks made their way to European countries, including Spain. There, some flourished in the Spanish...
Greece
Christmas and New Year’s Carols From All Over Greece
Greece is steeped in fascinating holiday traditions, with its Christmas carols, or kalanda, being some of the most heartwarming seasonal customs.
Every year, Greeks anxiously await Christmas Eve, New Year's Eve, and January 5, the day before the Epiphany, when...