Mario Draghi
Economy
Creditors Give Greece Ultimatum and Deadline, All Outcomes Possible
Greece is facing an ultimatum by creditors and Prime Minister Alexis Tsipras is racing with time as a Eurogroup session is scheduled at 2:00 pm and the two negotiating teams must have reached a staff level agreement by then.
Wednesday...
Economy
Eurogroup: No Decision on Greece, Tsipras and Institutions to Meet Again
Another euro area summit failed to seal a deal for Greece. Finance Ministers are gathered in Brussels for the third time in a week, although they have no formal paper to discuss as Greece and creditors have reportedly rejected...
Economy
No Results After Tsipras' Meeting with Institutions – Greek Talks to Be Repeated on Thursday
Eurozone Finance Ministers arrived for a Eurogroup meeting on Greece but exited shortly after since talks between Greek Prime Minister Alexis Tsipras and the institutions ended without a conclusive result.
Diplomatic sources said the talks will be repeated on Thursday.
Tsipras made...
Economy
Tsipras: Either They Do Not Want an Agreement or They Serve Special Interests in Greece – Full List of Counterproposals
"Either they do not want an agreement or they serve special interests in Greece," Prime Minister Alexis Tsipras said to his colleagues, shortly before departing for Brussels.
The Greek prime minister was referring to the insistence of the International Monetary...
Economy
ECB President Says Greek Banks are Secured Until End of Aid Program
Greek Prime Minister Alexis Tsipras was reassured by European Central Bank (ECB) President Mario Draghi during their half-hour meeting in Brussels on Monday that the stability of the Greek banking system is ensured until the end of the country’s aid...
Economy
Here’s How the EU Plans to Strengthen Europe’s Monetary Union
Today, the five Presidents – European Commission President Jean-Claude Juncker, together with the President of the Euro Summit, Donald Tusk, the President of the Eurogroup, Jeroen Dijsselbloem, the President of the European Central Bank, Mario Draghi, and the President...
Economy
Greece Sends New Proposal Ahead of Emergency Euro Summit
The Greek government sent its new proposal to the European Commission, the European Central Bank (ECB) and the International Monetary Fund (IMF) around 1:00 am on Monday.
The European Commission chief of staff Martin Selmayr confirmed that the new, improved...
Economy
ECB Raises Greece ’s Loan Ceiling by €1.1bn
The European Central Bank has raised the level of emergency cash available to Greek banks by €1.1bn.
The ECB governing council increased the limit on emergency liquidity assistance to €84.1bn from €83bn in a meeting in Frankfurt yesterday.
“Liquidity will continue...
Economy
Wednesday's European Central Bank Meeting Crucial for Greece
The European Central Bank meeting on Wednesday will be crucial for Greece as bank governors, such as Bundesbank's Jens Weidmann, will certainly ask for a warning message to be sent to Greece regarding liquidity.
European bankers who hold a hard...
Cyprus
Democracy vs Banks
Greece and the new Tsipras government have been facing a brutal attack by international creditors. A classic economic war has ensued between a lender and a borrower; with the lender attempting to assert his authority and the borrower demanding loan...