European Central Bank
Economy
Greek Gov't Tries to Secure Liquidity Without Pension and Wage Cuts
The Greek government is trying to find ways to secure liquidity until June without pension and salary cuts or extra contributions to security funds.
With Monday's Eurogroup approaching, Greece's partners increase pressure through the European Central Bank. The Greek government...
Economy
Greek Gov't VP: Greece Will Present Specific Proposals to Monday's Eurogroup
The economic reform proposals that Greece 's Finance Minister Yanis Varoufakis will present to the Eurogroup next week were discussed at a Government Economic Policy Council meeting held at the finance ministry on Monday, chaired by government Vice-President Yiannis...
Economy
ECB to Accept Greek Junk Bonds if Athens Keeps to Reform Pledges
European Central Bank President Mario Draghi on Wednesday defended the ECB against criticism that it acted harshly toward Greece, but said the central bank is ready to reinstate a waiver on Greek bonds if Athens completes the bailout program.
The ECB lifted...
Economy
Greek FinMin Varoufakis Certain Reforms List Will Be Approved
Greek Finance Minister Yanis Varoufakis appears certain that the list of reforms the Greek government discussed yesterday in a meeting under Prime Minister Alexis Tsipras will be approved by the country’s European partners. “The list will be submitted and...
Economy
Germany Opens Door to Last-Minute Deal Between Greece and Creditors
The German government seems to have opened the door for a last-minute deal between Greece and its international creditors, said the German spokesperson for Chancellor Angela Merkel.
According to a report in Germany's The Local, Greece's request for a loan...
Economy
Germany Rejects Greek Loan Agreement Extension Request
The German government has rejected the Greek loan agreement extension request, submitted earlier today. According to the German reasoning, Greece's proposal does not meet the Eurozone's conditions for continuing the aid program.
Greece's request to the Eurozone aims at a...
Economy
ECB Approves Increase of Funding to Greek Banks Through ELA to 68.3 bln
The European Central Bank decided on Wednesday to continue funding Greek banks through the emergency liquidity assistance (ELA) facility and to increase the amount available to them to 68.3 billion euros, a source with knowledge on the consultations underway...
Economy
FT: 3 Scenarios for the Outcome of Greece's Negotiations with Creditors
In an article entitled “Final showdown approaches for EU and Greece,” Peter Spiegel, the correspondent for the Financial Times in Brussels, presents three possible scenarios with regard to the negotiations between Greece and its creditors, in view of the...
Economy
ECB Approves Additional Liquidity for Greek Banks
The European Central Bank on Thursday approved additional emergency finance for Greek banks raising the sum earmarked through the Emergency Liquidity Assistance (ELA) to 65 billion euros.
In a meeting on Thursday, ECB extended for one week its liquidity assistance...
Diaspora
Greeks in Germany Organize Rally to Support Greek Gov’t
Greeks in Germany are calling on all the Diaspora members and European citizens to support the Greek government’s struggle against international creditors.
Using the slogan “Europe with Democracy and Solidarity” they have organized a campaign through social media, in support of...