European Central Bank (ECB)

Former Greek Finance Minister Yanis Varoufakis claimed that Greece will never get the new bailout loan and that Prime Minister Alexis Tsipras offered him another Ministry after he resigned. Varoufakis spoke to the Official Monetary and Financial Institutions Forum (OMFIF) on July...

Bank deposits in Greece fell to 127.5 billion euros in June, whereas in May 2015 they amounted to 135.7 billion, according to data released by the European Central Bank (ECB). Furthermore, Reuters noted that this is the lowest level in...

Greece's negotiations with creditors on the third bailout package will start on Tuesday in Athens with the European Union seemingly ready to ask for more prior actions before any disbursement of funds. The Greek government denies there will be any...

The European Central Bank (ECB) did not accept the request of the Bank of Greece (BoG) and the Capital Market Commission for reopening the Athens Stock Exchange without restrictions for Greek investors, who will not be able to use existing deposit...

Greece will start talks with its international creditors over a new bailout package on Tuesday, while the mission chiefs will arrive in Athens with a couple of days delay for technical reasons. "The reasons for the delay are neither political...

Bank of France Governor and European Central Bank (ECB) Governing Council member Christian Noyer estimates that a first "injection" of capital into Greek banks would be "desirable to stabilize the sector" before the end of the summer, rather than after the results...

On Friday afternoon, Greek Prime Minister Alexis Tsipras rushed out of his meeting with political party leaders. According to reports, the reason behind the sudden exit was an urgent phone call with French President Francois Hollande. The conversation had to do with the current hold-up in...

According to reports, the European Central Bank (ECB) Governing Council decided on Wednesday to raise Emergency Liquidity Assistance (ELA) to Greek banks by another 900 million euros. The ECB had raised the ELA cap by the same amount a week ago. If...

In a meeting on Tuesday morning, Greek Prime Minister Alexis Tsipras launched his most direct criticism yet against SYRIZA dissidents. “Until today, I have been seeing reactions, I have been reading heroic statements but I have not been hearing any alternatives to the...

If the expected timeline runs on schedule, Greece could be seeing the first installment of the 86 billion euros of bailout money on August 17. Bloomberg reports that an official “with knowledge on the matter,” who provided this information, also said that...