European Central Bank (ECB)
Economy
La Repubblica: The Troika Saved the Banks, Not the Greek People
To the Greek banking system ended up more than 90% of the bailout loans given to Greece, while less than 10% ended in those really in need; the people of Greece, Italian newspaper La Repubblica argued in a direct...
Economy
SYRIZA Candidate Varoufakis' Comments Cause Greek PM Samaras' Reaction
In an article entitled "Greece can force Europe to change," the online edition of French financial newspaper La Tribune hosted an interview with economist and SYRIZA parliamentary candidate in Athens' second electoral constituency, Giannis Varoufakis, who underlined that the...
Economy
ECB Executive: Talk of Grexit Unreasonable and Unrealistic
The speculation of a possible Grexit, which lately dominates the Greek public sphere, ruled out European Central Bank (ECB) executive board member Benoit Coeure in an interview with the Irish Times. Coeure characterized such scenarios as "unreasonable and unrealistic."
When...
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
Greek FinMin: Greek Govt Surplus Falls Short
The Greek government's projections regarding the budget surplus for 2014 fell far short, the country's Finance Ministry announced earlier today, citing lower tax revenue and a stalled bailout review that prevented the disbursement of funds, according to Reuters.
As the...
Economy
New York Times: Greece Will Race Against Time After Elections
The possibility of a bank run is a danger that Greece is facing if leftist SYRIZA wins the January 25 elections, according to a New York Times report.
SYRIZA leads the polls and most likely will form a coalition government...
Economy
Moody's: Political Uncertainty Negative for Greek Banks
Moody's ratings agency estimates that the January 25 snap elections in Greece, which create political uncertainty, will have a negative effect on Greek banks. "The political uncertainty regarding the Greek government and the consequent resurgence of rumors about a possible...
Economy
SYRIZA Victory Does Not Mean Grexit, Party Says
In an "unofficial" announcement issued on Monday, Greek main opposition SYRIZA demanded from Prime Minister Antonis Samaras to immediately stop the campaign "to terrorize the Greek people and discredit the country abroad," while challenging him to reveal his plans to establish...
Economy
Athens Stock Exchange Marks the Beginning of 2015 with Special Ceremony
Political uncertainty is significantly affecting the course of the Greek stock market but things will stabilize after the general elections, Greece's Finance Minister Gikas Hardouvelis said on Friday.
Addressing a special ceremony held in the Athens Stock Exchange to mark...
Economy
Hellenic Federation of Enterprises: National Consensus is the Only Way Out
The need for national consensus that constitutes “the only way out today” and the agreement of the political parties on four national strategy directions for the Greek economy, was underlined by the Hellenic Federation of Enterprises (SEV) in an...