Greece
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European Central Bank (ECB)

ECB Does Not Alter ELA to Greece

The European Central Bank decided on Wednesday for the second straight week to keep Emergency Liquidity Assistance to Greece at around 91 billion euros. The decision was expected considering that the Greek government seems to not have made any formal requests for an...

Greek Labor Minister Holds Talks with Creditors' Representatives

The aim of the Greek side is to reverse the deregulation of the five-year Memorandum policy, Labor Minister Giorgos Katrougalos said on Monday after a meeting with representatives of the European Central Bank (ECB), the European Commission, the European Stability...

August 10 May Not Be the Day for A Greek Agreement

"The timetable for the negotiation process over the third rescue package for Greece is difficult to be met," German news magazine Focus said, citing a German officials' assessment. Consequently, as it is noted, the German Parliament meeting that had already been planned...

Moody's: Greece Remains Eurozone's Biggest Threat

Despite the fact that the tension between Greece and its creditors has smoothed out, the country still poses a threat to the Eurozone, said Moody's. Now that European Union officials state that the danger of a Grexit is almost eliminated, political...

Athens Stock Exchange to Reopen Early Next Week

The Athens Stock Exchange (ASE) is expected to reopen early next week, Capital Market Commission president Konstantinos Botopoulos said in a television interview. Botopoulos said the aim was to reopen the market on Monday and noted that a Ministerial decision must be...

Greece Will Be in Debt Until 2073

Greece's obligations to creditors after the completion of the third bailout program will go all the way to 2073, a Business Insider report said. The concern about the sustainability of the Greek debt makes some Eurozone countries demand more reforms on...

Creditors' Represenatives in Athens Continue Talks But Timely Deal Uncertain

The creditors' representatives took over negotiations from technical teams in Athens but it is uncertain whether Greece will secure a bailout agreement by August 20. With SYRIZA struggling for unity as almost one third of MPs are against the proposed bailout deal,...

ECB Maintains ELA to Greek Banks

According to reports, the European Central Bank (ECB) decided to maintain the Emergency Liquidity Assistance (ELA) to Greek banks at the current ceiling of almost 91 billion euros. The alleged decision follows reports that the Greek government did not request further assistance...

European Central Bank Approves Reopening of Athens Stock Exchange

The European Central Bank (ECB) approved on Tuesday a modified plan, submitted by the Greek government, to reopen the Athens Stock Exchange (ASE), a month after it was shut down due to capital controls. The ECB's final recommendation is that transactions by foreign investors will...

Creditors' Technical Experts Arrive in Greece to Restart Negotiations on Third Bailout

Representatives from the European Central Bank (ECB), the European Commission, the International Monetary Fund (IMF) and the European Stability Mechanism ESM) have arrived in Athens, Greece, in order to restart negotiations regarding the country’s much needed third bailout program. Shortly...