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ECB Reportedly to Stop Emergency Assistance to Greek Banks
The European Central Bank (ECB) will stop providing Emergency Liquidity Assistance (ELA) to Greece, the BBC reports, citing unnamed sources.
The end of emergency lending to...
Greece's Alpha Bank Freezes e-Transfers until Monday
Alpha Web Banking will operate with limited functionality during the weekend 27 – 28 June 2015. This is the announcement of the Greek bank,...
Greece to Hold Referendum on Bailout Agreement
Greek Prime Minister Alexis Tsipras announced that Greece will hold a referendum on July 5 to ask the Greek people if they approve of a...
What Will Happen If Greece Does Not Reach an Agreement?
In an attempt to assess the future of Greece in case no agreement is reached before June 30, Bloomberg answered five critical questions.
If the...
European Central Bank Holds the Trigger in Greece Deadlock
The European Central Bank is the institution that can be forced to pull the trigger on Greece if negotiations with creditors do not lead...
Tsipras on Greek Debt: 'Now the Ball is in Europe's Court'
Greek Prime Minister Alexis Tsipras spoke with reserved optimism after coming out of the emergency Eurozone summit on the Greek debt in Brussels a...
U.S. Treasury Sec: Greece Must Make Tough Decisions to Reach Deal
The Greek government must make tough fiscal decisions to reach an agreement with international creditors, or it risks catastrophic consequences for its economy and...
Where Do Greeks Keep Their Money Instead of the Bank?
The threat of bankruptcy and aGrexit after the failed negotiations between Greece and lenders and the scenarios of potential capital controls has led many...
Eurozone Prepares Plan B for Greece, Alleged EU Summit On Sunday
Eurozone officials are preparing an emergency plan for Greece as it is unlikely that there will be any development on Thursday's Eurogroup in Luxembourg...
FT: Greece Can Say No to Creditors Without Catastrophic Consequences
"Greece has nothing to lose by saying no to creditors," is the title of an analysis by The Financial Times that says bankruptcy and...