European Central Bank (ECB)
Economy
Greek FinMin Varoufakis Presents the '10 Reforms Proposal' Amid Grexit Concerns
The end of the crisis will not come if Greece says yet another "yes" to the program. If the drug was bitter but effective we would have taken it, but the drug is "toxic" and even the doctor knows...
Economy
Greek Govt: Not a Single Step Back in Negotiations
The Greek government is sending a double message to its European partners and the country’s creditors ahead of the emergency Eurogroup meeting to be held in five days and in the wake of Berlin's and European Central Bank's (ECB) persistent...
Economy
300 Intellectuals and Academics in Support of Greece
Some 300 internationally acclaimed academics and intellectuals from across the globe have signed and published an open letter in support of Greece and Europe, demanding from the European governments, the European Commission, the European Central Bank (ECB) and the International Monetary...
Economy
Thousands Organize First Pro-Govt Rally in Athens
A demonstration largely different from those Athens has seen in recent years took place today in downtown Athens' Syntagma Square. The rally was called for 6.00 pm and was organized through social media. It was the first pro-government demonstration...
Greece
New Democracy Leader Expresses Concern Over Greek Government's First Moves
New Democracy leader Antonis Samaras on Thursday, during the first meeting of the party's parliamentary group after the January 25 elections, expressed his concern over the recent developments and defended his policy while criticizing the new Greek government's...
Economy
JP Morgan: Greek Banks Will Not Have Any Liquidity Problems
Greek banks will not have any liquidity problems following the European Central Bank's (ECB) decision not to accept Greek bonds as collateral, as banks will use the Emergency Liquidity Assistance (ELA) mechanism, JP Morgan said on Thursday.
The US investment bank...
Economy
Berlin Wants Greece to Remain Within Previously Agreed Program and Troika in Place
A German document leaked earlier today by Reuters, reveals that Berlin wants Athens' new leftist government to ditch its pre-election anti-austerity promises and remain within the framework of economic policies its predecessors have agreed with the country's international creditors if...
Economy
Greek Stock Market Soared Today
The markets took a breather today, following the Greek government’s decision to abandon its request for a “haircut.”
It also opened the way for meetings between Greek Finance Minister Yanis Varoufakis and ECB President Mario Draghi as well as with German...
Economy
IMF: The Troika Cannot be Easily Abolished
International Monetary Fund (IMF) officials have sent a clear message to Greece, warning that the new government's plan to abolish the Troika representing the country's creditors, cannot be easily fulfilled.
As they highlighted, there might have been a contact between Greek Prime Minister...
Economy
Bank de France Governor Rules Out Greek Debt Write-Off
Bank de France Governor and European Central Bank (ECB) board member Christian Noyer appeared negative today towards a partial Greek debt write-off, although he did not rule out adjustments, reminding that the European countries that have lent money to Greece...