Greece hopeful of last-ditch deal despite default warnings
Greece said Friday it was still hopeful for an 11th-hour deal to stop it defaulting on its debt, as despairing Greek savers withdrew their cash from the country`s troubled banks ahead of fresh talks next week.
Jun 20, 2015, 09:09 AM IST
Euro zone to discuss handling Greek defaut if no new proposals: Sources
Euro zone finance ministers will discuss how to hand a looming Greek default at a meeting on Monday unless Athens submits new proposals in the loans-for-reforms talks, EU officials said.
Jun 19, 2015, 22:52 PM IST
ECB boosts emergency funding as Greek banks bleed, Tsipras calm
The European Central Bank expanded emergency funding for Greek banks as savers pulled out 1.2 billion euros in a single day on Friday, bankers said, but Prime Minister Alexis Tsipras insisted the nation`s future in the euro was secure.
Jun 19, 2015, 22:02 PM IST
Greece gets temporary lifeline for banks amid uncertainty
Greece got a temporary lifeline for its banks today to help them cope with a deposit drain in the run-up to a summit of the eurozone's 19 leaders that could determine the country's future in the euro.
Jun 19, 2015, 20:28 PM IST
ECB to hold emergency meeting on Greek bank funding
The request comes just days after the ECB approved a 1.1-billion-euro increase in the ELA ceiling to 84.1 billion euros.
Jun 19, 2015, 12:33 PM IST
Asian shares rebound on Fed policy hopes, keep eye on Greece
Japan`s Nikkei rose 0.9 percent from a one-month low set on Thursday while MSCI`s broadest index of Asia-Pacific shares outside Japan ticked up 0.2 percent.
Jun 19, 2015, 08:29 AM IST
Asian stocks up, dollar sags after dovish signals from Fed
Wall Street shares inched higher in a choppy session overnight following the Fed`s statements, with the Dow rising 0.17 percent and S&P gaining 0.2 percent.
Jun 18, 2015, 08:34 AM IST
ECB ups Greek bank's emergency funding by 1.1 bn euros
The European Central Bank on Wednesday raised the maximum emergency funding that Greek banks can obtain by 1.1 billion euros ($1.24 billion), a banking source told AFP.
Jun 17, 2015, 23:05 PM IST
Asian shares, dollar dither as focus turns to Fed
Shares in Shanghai lost another 0.8 percent ahead of a torrent of IPO`s that temporarily could tie up an astonishing 6 trillion yuan ($966.7 billion) of capital.
Jun 17, 2015, 08:32 AM IST
Greek banks okay with stress but not default: ECB's Knot
Greek banks are solvent and could withstand some stress but would run into trouble if the Greek government were to default, European Central Bank Governing Council member Klaas Knot told the Dutch parliament on Tuesday.
Jun 16, 2015, 23:05 PM IST
Top EU court backs ECB`s bond-buying scheme
The European Central Bank scored a landmark victory Tuesday when the EU`s top court ruled its scheme to buy potentially unlimited amounts of government bonds was legal.
Jun 16, 2015, 18:46 PM IST
Asian markets subdued on Greek default fears, Fed meeting awaited
MSCI`s broadest index of Asia-Pacific shares outside Japan stood unchanged. Japan`s Nikkei lost 0.3 percent while Australian shares were little changed.
Jun 16, 2015, 08:10 AM IST
ECB`s Draghi says major Greek banks currently solvent
Greece`s major banks are currently solvent and the European Central Bank will continue to provide liquidity to them to help finance the economy, ECB president Mario Draghi said on Monday.
Jun 15, 2015, 21:22 PM IST
Greece failure to repay ECB would not constitute default: S&P
Ratings agency Standard & Poor`s said Monday that it would not consider Greece to be in default even if the eurozone country failed to repay 6.7 billion euros due in July and August to the European Central Bank.
Jun 15, 2015, 21:12 PM IST
Greece and creditors fail in "last attempt" to reach deal
Following what it called this "last attempt" at a solution, the EU`s executive Commission said euro zone finance ministers would now tackle the issue when they meet on Thursday.
Jun 15, 2015, 09:23 AM IST
Greece's PM warns of 'difficult compromise' after default threat
Greek premier Alexis Tsipras warned Greece on Saturday to prepare for a "difficult compromise" with its EU-IMF creditors as his closest advisors delivered a last-chance proposal to avert a catastrophic default by Athens.
Jun 13, 2015, 23:30 PM IST
ECB worried about political pressure on Irish banks
The chief executives of Ireland`s banks were summoned to meetings with Finance Minister Michael Noonan last month and heard that authorities could take control of setting mortgage rates or impose a financial penalty if action were not taken.
Jun 10, 2015, 22:08 PM IST
Greece, creditors trade barbs over latest EU reform demands
Greek Finance Minister Yanis Varoufakis on Sunday called the proposals "borderline insulting".
"It was an aggressive move designed to terrorise the Greek government," Varoufakis told Proto Thema daily.
Eurozone bank stress tests set for 2016: Report
"There will be a public and general stress test next year. It could only concern a part of the 123 banks that we supervise directly," Nouy was quoted as saying by German paper Die Welt.
Jun 07, 2015, 00:04 AM IST
Greece ducks Friday deadline by bundling IMF payments
"The Greek authorities have informed the (IMF) today that they plan to bundle the country`s four June payments into one, which is now due on June 30," IMF spokesman Gerry Rice said, citing rules allowing debtor countries to regroup "multiple principal payments falling due in a calendar month."
Jun 05, 2015, 10:34 AM IST
