Loan Agreement Four-Month Extension
Economy
ECB to Raise Emergency Funding for Greek Banks
The European Central Bank (ECB) greenlit funding for Greek banks amounting to 68.8 billion euros via the Emergency Liquidity Assistance (ELA) support mechanism. ECB's 25-member board of directors, which held a meeting in Nicosia, Cyprus, decided to increase Greece's funding...
Economy
JP Morgan: Greek Banks' Deposits Outflow Reached 3 Bln Euros Last Week
The Greek banks' deposits outflow during last week -and before Friday's Eurogroup deal on the loan agreement four-month extension reached between the Eurozone's Finance Ministers and their Greek counterpart Yanis Varoufakis- amounted to a total of 3 billion euros, according...
Economy
Greek Gov't Spokesman: We Are Working to Ensure the List of Reforms is Accepted
The Greek government is in constant communication with its European loan partners in order to achieve the maximum consensus regarding its list of reforms to be submitted by midnight. According to government spokesman Gavriil Sakellaridis, the list will include,...
Economy
What Greece Actually Got From the Eurogroup Negotiations
Friday’s crucial Eurogroup meeting belongs to history, after what was seen as a historic compromise for both the Eurogroup and a member-state of the single currency as well as a process during which Greece -- according to its Finance...
Economy
German FinMin Schaeuble: Greeks Will Find it Difficult to Explain the Deal to Voters
Greece and the Eurozone finally managed to bridge the gap regarding the country's bailout program and they reached a new deal that entails a four-month extension of the loan agreement without new austerity measures and a commitment that no unilateral actions...