Greece
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European Central Bank

FT: 'European Central Bank to Reject Greek Bailout Plans'

The European Central Bank is unwilling to raise Greece’s Treasury bill issuance ceiling from the current 15 billion euros to 25 billion euros, according to a report in the Financial Times. The financial newspaper cites two European officers involved in...

What Happens After the Proud Greek 'No?'

One week after the election and Greece is still reveling in the people's victory, the liberation from the occupying forces of evil Europe, wallowing in the wild joy of the proud "no" the new leftist government said to the...

European Commission Seeks Alternatives to Replace Troika

President of the European Commission Jean-Claude Juncker is seeking alternatives to replace the troika of Greece's international creditors, a Handelsblatt report says. According to the German financial newspaper, the European Commission is looking to abolish the troika of representatives of the EC,...

Greek FinMin Varoufakis from Paris: I Will Meet Schaeuble

The Greek Finance Minister, Υianis Varoufakis met with his French counterpart, Michel Sapin earlier today, while visiting Paris. In a joint press conference given by the two ministers, Mr. Sapin underlined that the two countries share common beliefs, including...

Goldman Sachs: Govt-Troika Agreement More Important to Reducing Borrowing Costs Than ECB Decision

Quantitative easing, announced on Thursday by European Central Bank President Mario Draghi, is not going to be as influential in reducing Greece's borrowing cost as will an agreement between the government formed after Sunday's national elections and the Troika of...

ECB President 'Corners' Next Greek Gov't Tying QE to Good Behavior

The European Central Bank set conditions for Greece in order to access the announced bond-buying program. The next Greek government will have no access to the Quantitative Easing program for at least six months unless they heed the demands...

Mario Draghi: ECB to Buy 60 Bln Euros in Assets a Month, Greece Included Under Conditions

President of the European Central Bank, Mario Draghi, announced today the purchase of assets amounting to 60 billion euros per month, in order to stimulate growth and address the threat of deflation. He clarified, the purchases of government bonds...

Bank Withdrawals Reached €4.2 Billion in 3 Days

Greek banks are facing a serious liquidity problem as in the first three days of the week, depositors withdrew a total of 4.2 billion euros. A week ago, the four major Greek banks had proactively asked for Emergency Liquidity Assistance...

Greek FinMin: Extension of Negotiation Period May Derail the Economy

A prolonged period of consultation and negotiation with our partners without any clear result and time of completion, and, if there were any maximalistic demands, not taking into account what the creditors' side could give or any unilateral actions,...

Greek Systemic Banks Request Inclusion in ELA

Greece's central bank has moved to protect its banks from any fallout from the coming general election, asking the European Central Bank to approve a stand-by domestic emergency funding line, a Bank of Greece official said on Saturday. "We have...