Quantitative Easing (QE)
Economy
Bankers: Athens' Provisional Agreement With Lenders Is a Step Towards QE Program, But More Time Is Necessary
Following the provisional agreement between Athens and its lenders, senior bank officials have said that such an agreement is a notable step towards returning the Greek economy to normal - something which will send the country on its way...
Economy
Merkel Points Tsipras to Eurogroup in Debt Meetings, Hollande Takes a Softer Stand
Prime Minister Alexis Tsipras raised the issue of Greece's debt in meetings with French President Francois Hollande and German Chancellor Angela Merkel on Friday, noting the need to resolve disagreements among the institutions that perpetuate the uncertainty regarding its...
Economy
Greek PM Tsipras: ECB has Noose Around our Neck
Greek Prime Minister Alexis Tsipras has accused the European Central Bank (ECB) of holding a noose around the country's neck, amid his government's attempts to avert bankruptcy this month. In an interview to German magazine Der Spiegel, Tsipras urged...
Economy
ECB to Raise Emergency Funding for Greek Banks
The European Central Bank (ECB) greenlit funding for Greek banks amounting to 68.8 billion euros via the Emergency Liquidity Assistance (ELA) support mechanism. ECB's 25-member board of directors, which held a meeting in Nicosia, Cyprus, decided to increase Greece's funding...
Economy
What Happens After the Proud Greek 'No?'
One week after the election and Greece is still reveling in the people's victory, the liberation from the occupying forces of evil Europe, wallowing in the wild joy of the proud "no" the new leftist government said to the...
Economy
Greek Stock Exchange 5 Points Up After QE Announcement
The announcement of the 1.1 trillion euros quantitative easing program by the European Central Bank brought a rise in the Athens Stock Exchange.
The QE program announced yesterday by ECB President Mario Draghi had international markets on an upswing with...
Economy
ECB President 'Corners' Next Greek Gov't Tying QE to Good Behavior
The European Central Bank set conditions for Greece in order to access the announced bond-buying program. The next Greek government will have no access to the Quantitative Easing program for at least six months unless they heed the demands...