ECB cuts funding for Greek banks as liquidity improves
The European Central Bank cut emergency liquidity assistance (ELA) for Greek banks on Tuesday, in line with a request from Athens, several sources said, a positive sign that lenders are stabilising their operations and building cash reserves.
Aug 19, 2015, 00:18 AM IST
Lack of new Greek proposals leaves eurozone leaders on edge
Greek Prime Minister Alexis Tsipras strode into a summit of eurozone leaders with a beaming smile Tuesday, but was met with anger when it became clear he had no written proposal on how to save his country from financial ruin.
Jul 08, 2015, 00:43 AM IST
Anti-austerity protests in Greece as bank shutdown bites
Tens of thousands of Greeks rallied on Monday to back their leftwing government`s rejection of a tough international bailout after a clash with foreign lenders pushed Greece close to financial chaos and forced a shutdown of its banking system.
Jun 30, 2015, 05:50 AM IST
Greek banks shut until July 6, ATM withdrawal limit 60 euros a day: Govt
Greek banks will remain closed until July 6 -- the day after a referendum on bailout proposals -- and ATM withdrawals will be limited to 60 euros ($65) a day in the same period, according to an official decree published early Monday.
Jun 29, 2015, 07:16 AM IST
Alexis Tsipras announces capital controls, banks closed after run on ATMs
Greek banks and the Athens stock market will be closed on Monday and capital controls will be imposed, Prime Minister Alexis Tsipras announced, pleading for calm after anxious citizens emptied ATMs in a dramatic escalation of the country`s debt crisis.
Jun 29, 2015, 02:27 AM IST
Greece to shut banks, stock exchange on Monday as crisis deepens
Greek banks and the stock exchange will be shut on Monday after creditors refused to extend the country`s bailout and savers queued to withdraw cash, taking Athens` standoff with the European Union and the International Monetary Fund to a dangerous new level.
Jun 29, 2015, 00:35 AM IST
ECB to hold new emergency meeting Monday on funding for Greek banks: Sources
The ECB`s governing council will hold a special meeting Monday to examine whether to raise the level of emergency funding for Greek banks, sources told AFP, after Greece`s banking system came under intense pressure with clients withdrawing billions in savings.
Jun 21, 2015, 23:07 PM 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
ECB raises Greek bank emergency funding by 1.4 billion euros
The European Central Bank on Wednesday raised the maximum emergency funding that Greek banks can obtain by 1.4 billion euros ($1.5 billion), a banking source said.
Apr 29, 2015, 18:28 PM IST
