lending

Greece to Lend Artifacts to Foreign Museums for Up to 50 Years

The Greek Parliament is to vote on Thursday on a bill which paves the way for the lending of Greek ancient and modern artifacts to foreign museums for up to 50 years. The Ministry of Culture says the bill, which...

ECB Lowers Emergency Liquidity Assistance to Greece

The Bank of Greece announced that the European Central Bank had lowered the cap on emergency liquidity assistance (ELA) that Greek banks draw from the domestic central bank by 4.4 billion euros to 52.8 billion euros ($59.6 billion). The...

ECB Dashes Greek Hopes on Lifting 'Waiver' on Greek Bonds

All eyes were on the European Central Bank's (ECB) June policy meeting in Vienna on Thursday. Great expectations resulted in disappointment regarding Greece with the central bank holding back from allowing Greek banks to resume access to cheap loans. Meeting...

ESM Has Favourable Lending Rates For Countries Like Greece

The European Stability Mechanism (ESM) and the European Financial Stability Facility (EFSF) have  the current low interest rates with some long-term bond issues in recent month's bonds, in favour of Greece, the ESM’s Secretary General Kalin Anev Janse said...