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Daily Archives: June 2, 2015

ECB increases ELA to Greek banks by €500 million

The European Central Bank (ECB) has increased the emergency liquidity assistance (ELA) provided to Greek banks by 500 million euros to 80.7 billion euros from 80.2 billion euros, news agencies reported on Tuesday.   According to the same reports, Greece’s cash buffer remains unchanged at 3 billion euros. The central …

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Dijsselbloem: Greece deal “not possible this week”

Eurogroup chief, Dutch Finance Minister Jeroen Dijsselbloem, has dismissed Tuesday’s rumors suggesting that Greece and its international creditors had reached an agreement. “Theoretically a deal is not possible this week,” Dijsselbloem said pouring a barrel of cold water to any optimism at the Greek side. Speaking to Dutch TV, Dijsselbloem …

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Rumor and speculation mill work overtime over Greek gov’t proposals to lenders

The rumor and speculation mill is working overtime as usual when negotiations between Greece and its creditors are at a crucial point. After Prime Minister Alexis Tsipras revealed that Greece sent a draft plan to the Troika-Institutions on Monday night, national and international media started to upload on their websites …

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