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Borrowing Ceiling for Greek Banks Reduced 0.2 Billion Euros by ECB

  European Central Bank lowered the borrowing ceiling for Greek banks from the ELA mechanism by 200 million euros, the Bank of Greece said on...
Greek Debt

Greece: When Is It Time to Forgive Debt?

By Jagjit Chadha, University of Kent Greek citizens preparing to vote in a referendum have been implored by their coalition government to reject a deal with...
Greece has implemented capital controls

Euro Nightmare Unfolds in Greece as ECB Punishes Greeks Ahead of Referendum

By Panicos O. Demetriades, University of Leicester As ECB froze the level of emergency liquidity assistance (ELA) it is providing to Greek banks, the nightmare scenario for...
Alexis Tsipras

Tsipras’ Dramatic Call to Europe: “Restore the ELA to Greek Banks”

Greek Prime Minister Alexis Tsipras made a dramatic call to Europe to increase its Emergency Liquidity Assistance (ELA) to Greek Banks, in order for...