Search Results for: Prime Minister Alexis Tsipras
ECB Said to Raise Cap on Emergency Liquidity for Greek Banks
June 23rd, 2015
The European Central BanK (ECB) increased the cap on emergency liquidity for Greek lenders for the fourth time in less than a week, said a person familiar with the matter. The Governing Council raised the limit on the funds in ...
Hopes for Greece bailout deal rise sharply as Athens gives ground
June 23rd, 2015
Creditors view new Greek proposals on pensions and VAT as the most positive move yet in five months of wrangling Hopes of a deal that would spare Greece from a looming debt default and possible exit from the single ...
Could Russia afford to bail out Greece and what would that mean?
June 22nd, 2015
There are deep cultural and historical ties between Greece and Russia. In terms of religion, the majority faith in both countries is Eastern Orthodox. And Russia has a track record of standing up for Greece, like it did during ...
Gold under pressure, market awaits outcome of Greek talks
June 22nd, 2015
The gold price dropped back below $1,200 on Monday morning while crunch talks between Greece and European creditors take place. Spot gold was last at $1,197.20/1,198.00 per ounce, down $2.40 on Friday’s close. Silver was up five cents at ...
Asia cheers Greece’s 11th-hour proposals to avert default
June 22nd, 2015
Asian shares got the week off to a strong start and U.S. stock futures and the euro firmed on Monday, after Greece scrambled to avert defaulting on its debt with last-minute proposals aimed at appeasing its creditors. Financial spreadbetters ...
Greece crisis: Emergency summit called for Monday
June 19th, 2015
An emergency summit of leaders from eurozone nations will be held on Monday, after the latest attempt to resolve the Greek debt crisis failed. A meeting of finance ministers on Thursday made no breakthrough. Head of the Eurogroup, Jeroen ...
What Happens If Greece Defaults On IMF, ECB And Leaves The Eurozone?
June 18th, 2015
Time is running out–yet again–for Greece. The most heavily indebted country in the Eurozone is headed for a showdown with its creditors that may result in a default on its debt, and possibly in its leaving the euro. The ...
No breakthrough expected at Eurogroup despite Faymann visit, Juncker call
June 18th, 2015
Expectations are low for significant progress in Greece’s talks with its lenders at Thursday’s meeting of finance ministers in Luxembourg, despite a brief phone call between European Commission President Jean-Claude Juncker and Prime Minister Alexis Tsipras last night. A ...
Bitcoin surges as Grexit worries mount, posts best run in 18 months
June 17th, 2015
Bitcoin surged by as much as 7 percent on Tuesday and was on track for its longest winning streak in 18 months, as concerns that Greece could tumble out of the euro drove speculators and Greek depositors into the ...
We’re All Greek Now — Some Just Don’t Know It Yet
June 16th, 2015
Let’s see…a heavily-indebted country can’t pay its bills, engages in a long series of failed attempts to manage a partial, controlled default, sees most of its capital flee to safer venues, and then, in a final act of desperation, ...
