bank holiday
Economy
ECB Maintains ELA Cap at 88.6 bln; Greek Banks Closed Until Wednesday
An agreement among the Eurozone leaders was not enough to persuade the Governing Council of the European Central Bank to give the green light for a much needed increase of the Emergency Liquidity Assistance to Greece, according to Reuters.
Greek...
Economy
IMF Warns of Tougher Future Conditions in Greece
The International Monetary Fund (IMF) foresees challenging times ahead for Greece.
In the World Economic Outlook Update released on Thursday, the Fund holds optimistic expectations for the Eurozone, but not for Greece.
"The economic recovery in the euro area seems broadly on track, with a generally...
Economy
Third Bank Holiday Keeps Greek Banks Closed Until Monday – ECB Maintains ELA Levels
After the Greek government had promised that banks would open on Tuesday, July 7, a second bank holiday extension was officially announced on Wednesday and the European Central Bank (ECB) will keep the Emergency Liquidity Assistance (ELA) to Greece at the...
Economy
Greek Bank Holiday Extended Until July 8
Greek banks will be closed until Wednesday, July 8, after a meeting among Greece's banks and the Greek Finance Ministry led to the decision to extend the capital controls that have been imposed since June 28.
The decision comes before Monday's European Central...
Economy
2 Greek Banks to Accept Deposits as of Thursday
As of Thursday, Greeks will be able to make deposits and payments in 289 branches of the National Bank of Greece (NBG) and 174 branches of Eurobank that will operate during the bank holiday.
At the same time, they can deposit...