Top News
Home >> Tag Archives: ECB

Tag Archives: ECB

Greece is given lifeline, but Sunday could be the end

greek flag

Greek ministers met with the EU, ECB and IMF leaders on Tuesday. The meeting resulted in a short-term loan to keep their banks afloat, but only until Sunday. Greece’s banks had almost completely run out of money. To help Greece survive until the meeting on Sunday, the European Central Bank (ECB) offered a small run of liquidity to Greek banks in trade for increased ...

Read More »

Greece’s Tsipras tries another head-fake, EU finmins say .. nope

Alexander Tsipras

The last few hours of financial news coverage has been a frenzied love fest over Greek Prime Minister’s supposed capitulation to all EU bailout requirements – except, he didn’t. Yesterday, Greece defaulted on 1.6billion euros in debt payments owed to the International Monetary Fund (IMF) and has been stubbornly refusing the demands of European Central Bankers and European Union ministers to ...

Read More »