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Tag Archives: ECB

NO DEAL: EU Leaders want more from Greece before deciding fate


European leaders cancelled a summit meeting that was to be held Sunday to either discuss a deal to save Greece’s spot in the EU or to push it out of the union. Sunday was to be the final, final, final last deadline for Greece to either submit an acceptable proposal for a bail-out or to be cast-off from the European ...

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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 ...

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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 ...

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