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29
Jun

Half of Greeks queue outside banks, other half at petrol stations & supermarkets

Posted by in Society

Flour, sugar, pasta, rice, milk and canned tomatoes, food items that do not expire soon are been hastily removed from the super-market selves and land into the housewife’s basket. “There was quite some queue at the cash register and people had their baskets full of pasta, sugar and flour,” a […]

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29
Jun

Athens: Public Transport free of charge until 6. July 2015; Read details

Posted by in Society, Tourism

Passengers may use all public transport means without paying ticket fare until 6th July 2015, that is during the time the banks are closed. According to Alternate Transportation Minister Christos Spirtzis the measure applies to Metro, blue buses, trolley, urban train ISAP but not Proastiakos (Metro from Doukissis Plakentias to/from […]

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28
Jun

PM Tsipras’ speech on Eurogroup decision & Capital Controls

Posted by in Politics

Below is the full statement by Greek Prime Minister Alexis Tsipras on Sunday evening, after the Greek Systemic Stability Council proposed to impose Capital controls and banks closure as of tomorrow, Monday, June 29th 2015, for at least 6 working days. Prime Minister Alexis Tsipras’ statement on the latest developments […]

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28
Jun

Greece: Capital Controls, Banks closed. Live Blog from Athens

Posted by in Economy

o7:50 pm June 28 2015: +++ According to Greek media reports, the Greek Systemic Stability Council decided to impose capital controls and close the banks as of Monday, 29th June 2015. Specific rules and arrangements not published yet. The Greek SSC is currently preparing a statement on the issue. The […]

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28
Jun

Odd “transparency”! European Commission releases Creditors’ proposal to Greek Gov’t

Posted by in Economy

In an quite odd movement, the European Commission decided to release on Sunday, the creditors’ proposals it offered to the Greek government on 26. June 2015, that is before June 27th 2015, the Friday’s Eurogroup meeting. The publishing of the creditors’ proposals are “in the interest of transparency and for […]

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28
Jun
http://www.keeptalkinggreece.com/2015/06/28/ecb-decides-to-continue-ela-for-banks-yet-greek-systemic-stability-council-meets-sunday-afternoon/ tagged:

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ECB decides to continue ELA for banks, yet Greek Systemic Stability Council meets Sunday afternoon

Posted by in Economy

After a long call conference the European Central Bank decided to continue providing further Emergency Liquidity Assistance to Greek banks. In a statement issued by the ECB at 3:30 pm (GR time) on Sunday, the ECB stresses that it “takes note of decision on Greek referendum and non-prolongation of the […]

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28
Jun

Lagarde claims “Greek Referendum will be legally invalid”

Posted by in Economy

IMF’s Managing Director Christine Lagarde finally found the needed strength to express her view on Greece’s Referendum. Speaking to BBC, Lagarde said that next Sunday (July 5th) referendum will not be valid as the creditors’ proposal and program end on June 30th. “I can’t speak for the IMF program, because […]

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28
Jun

UPD2 Varoufakis to BBC: Gov’t examines capital controls and closing banks on Monday

Posted by in Economy

Greek Finance Minister reportedly told BBC Radio 4, that the government will examine imposing capital controls as of Sunday night and closing banks as of Monday. Varoufakis statement comes as the board of European Central Bank is currently deciding whether it will continue Emergency Liquidity Assistance to Greek banks. It […]

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28
Jun

Greek Parliament approves Referendum with 178 YES

Posted by in Politics

Greek Parliament approved with votes the government proposal for Referendum on Creditors’ proposal on July 5th 2015. YES voted: SYRIZA, INDEPENDENT GREEKS, GOLDEN DAWN. NO voted: NEW DEMOCRACY, PASOK, TO POTAMI, KKE. The Referendum Question The roll call voting started at 2 a.m. Sunday, after a heated debate that lasted […]

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27
Jun

Eurogroup statement: “Show” goes on without Greece

Posted by in Economy

The Eurogroup ministers met and rejected Greece’s request for a month extension of the program. Then Jeroen Dijsselbloem decided to hold a further EG meeting thus excluding Greece. The FinMins are supposed to decide what to do on a Plan B, Plan C or whatever or as Dijsselbloem said “in […]

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