Search Results for: Greek government
ECB Modestly Boosts Emergency Lending for Greek Banks
May 21st, 2015
Europe’s central bank extends lifeline to financial institutions, as tense debt talks between Athens and creditors continue The European Central Bank on Tuesday increased the amount of money Greek banks can borrow under an emergency lending program, according to ...
Greek Banks relieved to hear their collateral is intact, as ELA grows
May 13th, 2015
The European Central Bank raised the emergency liquidity assistance (ELA) ceiling for Greek banks by 1.1 billion euros on Tuesday, in the wake of Monday’s Eurogroup meeting that recorded some progress in the talks between the government and its ...
IMF Works With Bank Regulators on Contingency Plans for Greek Default
May 11th, 2015
Discussions with authorities in southeastern Europe aimed at girding for potential failure of bailout talks The International Monetary Fund is working with national authorities in southeastern Europe on contingency plans for a Greek default, a senior fund official said—a ...
Greek Prime Minister concession keeps ELA alive
May 7th, 2015
ECB increases pressure on government for agreement, but offers another 2 bln euros in cash to local banks The European Central Bank is putting extra pressure on Athens for the completion of an agreement with creditors, pegging the maintenance ...
Greek PM A. Tsipras met with voters in jumbo interview (Video)
April 28th, 2015
Greek Prime Minister A. Tsipras’ interview ran from 11.30 p.m. through to 2.36 a.m. and involved him directly answering voters’ questions Greek Prime Minister Alexis Tsipras appeared confident that an “interim agreement” would be agreed upon with Greece’s partners ...
Greek goverment drafting multi-bill after overhauling negotiating team
April 28th, 2015
The Greek government on Monday announced a shake-up of the team negotiating with the country’s international creditors, after Finance Minister Yanis Varoufakis came under fierce criticism from his eurozone peers at a summit in Riga last week due to ...
Greeks Add Pressure on Tsipras to Compromise as Talks Resume
April 27th, 2015
Greece resumed efforts to break a deadlock with its creditors as weekend polls showed a majority of the country’s people want the government to make compromises needed to release funds for its economy. Two opinion polls published over the ...
Greek PM still in talks with Merkel over a debt deal
April 27th, 2015
Greek Prime Minister Alexis Tsipras and German Chancellor Angela Merkel agreed in a phone conversation yesterday to maintain contact during talks between Athens and its lenders to reach a debt deal, a Greek government official said. “During their communication, ...
Signs the market is girding for a Greek default
April 21st, 2015
If the financial market is a good predictor, you’d better brace for a Greek default. Borrowing costs on Greece’s government bonds have rallied back to levels not seen since 2012, the cost of insuring against a default has surged ...
The Greek crisis and the clash of philosophies within the EU
April 7th, 2015
Listening to German Finance Minister Wolfgang Schäuble and his Greek counterpart Yanis Varoufakis speaking about the recent Eurogroup agreement on Greece, one could be forgiven for thinking they were talking about two completely different texts. There are obviously deep ...
