Search Results for: European Central Bank
Greece to get 6 billion euros in bridge loans if no agreement at Eurogroup
August 14th, 2015
Greece could get 6.04 billion euros in bridge financing if euro zone finance ministers cannot agree on the planned third bailout for Athens when they meet on Friday, according to German newspaper Bild, citing a European Commission proposal for ...
The Aftermath of LIBOR and Penny-Shaving Attacks
August 12th, 2015
Anyone remember the LIBOR scandal from back in spring 2008? A trader for UBS Group and Citigroup named Tom Hayes was just sentenced by a British court to 14 years imprisonment for his role as a ringleader of the scandal. Darrell Duffie and Jeremy C. ...
Greece: Deal to go to Parliament after creditors’ approval
August 12th, 2015
After securing an agreement with representatives of Greece’s international creditors on Tuesday, Greek Prime Minister Alexis Tsipras must now consider how to push the deal through Parliament as efficiently as possible amid opposition at home and abroad. The deal ...
Greece and lenders agree bailout, shares rally
August 11th, 2015
Greece and its international lenders reached an 85 billion euro bailout agreement on Tuesday after nailing down the terms of new loans needed to save the country from financial ruin. The deal, which came after 23 hours of talks ...
Greece hopes to conclude bailout talks by Aug. 11
August 10th, 2015
Greece hopes to conclude negotiations with international creditors by early Tuesday at the latest, a Greek official said as talks continued in Athens on a new multi-billion euro bailout designed to keep the country from financial ruin. Greece’s finance ...
Greece expects bailout deal with lenders in two weeks
August 4th, 2015
Greece expects to conclude a multi-billion-euro deal with international lenders within two weeks, with the drafting of an accord set to start on Wednesday. A bailout worth up to 86 billion euros ($94.5 billion), needs to be settled by ...
Bailout Money Goes to Greece, Only to Flow Out Again
August 3rd, 2015
The Greek businessman was nervous as he carried a suitcase stuffed with cash through security at the Athens airport a few months ago. But the distracted and overworked officials waved him through. A few hours later the man touched ...
Greek Financial Markets to Open as Talks With Creditors Continue
August 3rd, 2015
Greek financial markets reopen on Monday after a five-week suspension as talks continue with creditors on austerity measures and reforms required for a third bailout. Local traders will be able to buy stocks, bonds, derivatives and warrants under certain conditions, according ...
RBS, Credit Suisse recommend buying Greek debt
July 31st, 2015
It is barely two weeks since Greece was on the brink of crashing out of the euro, yet some investment banks are now encouraging investors to return to its bond market. A last gasp deal on 13 July saw ...
Greek Stock Market on Course to Reopen as ECB Gives Assent
July 29th, 2015
The reopening of the Athens stock market is one step closer. The European Central Bank on Tuesday approved proposals for trading rules to end the four-week closure, according to a spokeswoman for the Athens Stock Exchange. The timing of ...
