European Central Bank (ECB)

The institutions, formerly known as the Troika, are back in Athens. Representatives of the European Central Bank (ECB), the European Commission  the International Monetary Fund (IMF) have returned to Greece. This time, however, there will be a fourth organization delegating officials in...

The election of the Tsipras government has triggered a massive headache for the Eurogroup in fear it may inspire others across the Eurozone. They had to destroy it and dark forces lurking in the shadows put a devious plan...

The bridge loan that Greece desperately needed in order to cover the installments to its creditors has finally arrived at the Bank of Greece (BoG). “As Greece blew past multiple political and financial supposed end-dates over the past five months, July 20...

  The Economic and Financial Affairs Council (ECOFIN) approved a 7.1-billion-euro bridge loan to Greece on Friday. The loan will be given through the European Financial Stabilisation Mechanism (EFSM) and is meant to finance Greece’s short-term obligations, including a 3.5-billion-euro bond payment to...

Greek bank branches will reopen on Monday according to sources, the Athens-Macedonian News Agency reported. The alleged decision follows a European Central Bank (ECB) announcement that increases the Emergency Liquidity Assistance (ELA) to Greek banks by 900 million euros. ELA had...

After last week’s referendum euphoria, authorizing the Tsipras administration to negotiate with creditors on the premise not to accept additional Memoranda, I felt proud to be Greek! I truly believed that Greece would shine again and protect the people against a...

The European Central Bank (ECB) Governing Council decided to raise the Emergency Liquidity Assistance (ELA) to Greek banks by 900 million euros. ECB President Mario Draghi discussed the decision in a press conference following an ECB Governing Council meeting on Thursday. Draghi said...

Greece is on track to begin negotiations on a third bailout package. Finland, one of Greece’s most hardline negotiating partners during the past weekend, authorized its government to engage in negotiations on the European Stability Mechanism (ESM) bailout package for Greece as well...

The work between the technical teams of Greece and creditors will start on Monday in Athens and is expected to last four weeks before the third bailout agreement is signed. The representatives of the European Commission, the European Central Bank (ECB) and...

During an interview with Bloomberg on Tuesday, Greek Minister of Economy, Shipping and Tourism Giorgos Stathakis said that banks will reopen when the European Central Bank (ECB) raises the Emergency Liquidity Assistance (ELA) to Greece, so after the various Eurozone parliaments vote...