ECCL
Economy
Greek FinMin: ECB Won't Provide Liquidity if Bailout Program Is Incomplete
His worries that the European Central Bank (ECB) will not provide the usual liquidity it offers to the Greek banks if the Greek bailout program is not complete, expressed earlier today the Greek Finance Minister, Gikas Hardouvelis. The liquidity...
Economy
Merkel: Greece's Prospects Better Than Two Years Ago, Much to be Done
Her belief that the prospects of Greece are better than they were two years ago, expressed German Chancellor Angela Merkel at the federal parliament (Bundestag), adding though that much has to be done. The Bundestag was voting today over the two-month extension...
Economy
BoG Governor: Greece Needs Long-term Fiscal Adjustment
Long-term fiscal adjustment and a precautionary credit line from European partners were the recommendations made by Bank of Greece (BoG) governor Yannis Stournaras in his interim report on monetary policy tabled in Greek Parliament on Tuesday.
A day after his...
Economy
EU Commissioner Moscovici: Greece Needs the Euro and the Euro Needs Greece [Video]
A clear message regarding the preferences of the European Commission on political forces pursuing reforms and Greece remaining in the Eurozone, expressed in a press conference the European Union Commissioner for Economic and Monetary Affairs, Pierre Moscovici, in the...
Economy
EU Commissioner Moscovici: A Grexit Would be a Pity Now
"It would be a pity for Greece to face Grexit again after the considerable work that has been done." This phrase sums up the message sent to Greece by the European Union Commissioner for Economic and Monetary Affairs, Pierre...
Economy
Greek Govt VP and German FinMin: Political Stability Is Key for Greek Economy
To the reforms and the progress Greece has made during all this time, referred the German Finance Minister, Wolfgang Schaeuble, after his meeting with Greek government Vice President and Foreign Minister Evangelos Venizelos, earlier this afternoon in Berlin.
"Greece has gone...
Economy
Troika's Technical Teams Return to Athens Tomorrow
The return of the Troika's technical teams in Athens tomorrow, along with Eurogroup's decision for a two-month technical extension of the Greek program, announced at 7:30pm local Greek time from Brussels Eurogroup President Jeroen Dijssebloem and European Commissioner for Economic...
Economy
Eurogroup Decides Two-Month Extension of Greek Program, Presidential Election on December 17
On December 17, two months ahead of schedule, will finally be held the first ballot for the election of the new President of the Hellenic Republic, government spokeswoman Sophia Voultepsi announced earlier today.
According to Voultepsi's written announcement, Greek Prime...