ECB
Economy
ECB Lowers ELA-Ceiling for Greek Banks by 100 Mln Euros
The European Central Bank on Thursday approved a request by the Bank of Greece to lower the ELA-ceiling for Greek banks by 100 million euros to 46.5 billion euros up to and including Wednesday, May 17, 2017.
The Greek central...
Economy
J.P. Morgan Report Sees 'Light at the End of the Tunnel' for Greece
The decision reached by Eurozone finance ministers in Malta concerning Greece increases the chances of a solution for completing the second review of the Greek programme before May 22, according to a report by J. P. Morgan released on...
Economy
ELA Borrowing Ceiling for Greek Banks Unchanged
The borrowing ceiling from the ELA mechanism for Greek banks remained unchanged, the Bank of Greece said on Thursday.
The Governing Council of the ECB, in a meeting on April 5, 2017, did not object to an ELA-ceiling for Greek...
Economy
ECB's Nouy: Greek Banks Have Improved 'Noticeably and Substantially' in Past Two Years
There has been a significant improvement in the situation of Greek banks, both in terms of capital adequacy and governance, the European Central Bank (ECB) supervisory board chairwoman Danièle Nouy told the Athens-Macedonian News Agency (ANA) in an exclusive...
Economy
Varoufakis, Die Linke MEP Reveal Request to ECB for Information on 2015 Closure of Greek Banks
Regarding the events in 2015 that led to a bank holiday and capital controls in Greece on his watch, the country's former finance minister Yanis Varoufakis on Wednesday announced that he had officially requested the European Central Bank (ECB)...
Economy
Chouliarakis: A Good Deal Today is Preferable to a Better Deal Tomorrow
A good deal today between Greece and its creditors is preferable to a better deal tomorrow, Alternate Finance Minister George Chouliarakis said in an interview with “Kathimerini” newspaper on Saturday.
He believes the country will be included in the European...
Economy
Mitsotakis: 'I Neither Invest nor Rejoice in the Government's Failure'
Greeks need to know the truth, which is that nobody knows when, how and if the second review will be completed, main opposition New Democracy leader Kyriakos Mitsotakis said on Friday.
"I neither invest nor rejoice in the government's failure....
Greece
Greek Gov't Spokesman: The Agreement Under Negotiation Does Not Include New Measures
The Greek government is working hard and seeks the conclusion of the program review as well as an agreement that will allow Greece's participation in the ECB quantitative easing program, government spokesman Dimitris Tzanakopoulos on Tuesday said in a...
Greece
ND Criticizes Alternate FinMin Chouliarakis for Missing EWG
New Democracy criticized the government and Alternate Finance Minister George Chouliarakis for missing a EuroWorking Group (EWG) meeting on Thursday to speak at an event at LSE in London.
"While the second review is at a crucial point after...
Economy
German FinMin Warns Greece to Fulfill Bailout Program Commitments
Greece must fulfill its commitments under the bailout program or else it will end up in an impossible position, German Finance Minister Wolfgang Schaeuble said on Friday, according to Reuters.
Schaeuble spoke at a business meeting in Saarbruecken in Germany...