Search Results for: Bank of Greece
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 ...
Greece wants loan deal by end of May
May 18th, 2015
Greece wants to reach a loan deal with its EU-IMF creditors by the end of May to resolve an acute cash shortage, the government said on Monday. “A deal is required immediately, this is why we are talking about ...
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 ...
Greece makes IMF payment but hopes of quick deal dashed
May 6th, 2015
Greece made a small interest payment to the International Monetary Fund on Wednesday but European lenders dashed hopes for a cash-for-reforms deal before a more crucial, bigger installment Athens must pay next week. Leftist Prime Minister Alexis Tsipras‘ government ...
Central Banks Will Be Busy This Week, But Their Ability To Boost Global Business Is In Doubt
April 27th, 2015
Most big central banks have been easing policy since the beginning of the year and are set to do more, but it still isn’t clear whether that new activism, which has pushed stock markets to record highs, will help ...
Grexit: Remaining In The Eurozone Is No Longer ‘The Base Case’ For Greece
April 22nd, 2015
According to the Wall Street Journal, Greece staying in the eurozone is no longer “the base case” for European officials, and one even told the Journal that “literally nothing has been achieved” in negotiations with the new Greek government ...
Piraeus bank announced acquisition of Panellinia Bank
April 20th, 2015
Piraeus bank has issued an announcement to inform that: The bank has acquired the “good” part of Panellinia Bank S.A. following a tender offer launched by the Bank of Greece. After 17 April 2015, Panellinia’s branch network will operate under ...
Greece confident of reaching agreement in make-or-break 24 April deadline
April 15th, 2015
Eurozone finance ministers to pass judgment next week on reform-for-cash deal that would unlock €7.2bn (£5.2bn) of financial assistance Greece has vigorously rebutted speculation that it will declare a debt default and plunge out of the eurozone if it fails ...
Greece has six working days to present new reform proposals
April 9th, 2015
The Euro Working Group (EWG) of eurozone technical staff gave Greece on Wednesday night an ultimatum of six working days to present its proposals with a regard to a string of reforms that could unlock financial aid to the ...
