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Tag Archives: bailout program

Greek banks to lose cheap borrowing after ECB revokes waiver

The European Central Bank announced on Friday it will restrict Greek banks’ access to its cheapest funding operations as from August 21, when the country exits the bailout program. The ECB will revoke a so-called ‘waiver’ which allowed Greek banks to post junk-rated government bonds as collateral in regular funding …

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Greece’s Public Health Services on the brink of collapse

Employees at Public Hospitals warn: “Greece’s Public Health Services are on the brink of collapse” Six years of economic crisis, loan agreements, austerity cuts and freezing of new hiring threaten the primary care health care system. A report published by the Panhellenic Federation of Employees at Public Hospitals (POEDIN) draws …

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Greek gov’t prepares €15-billion “Emergency Fund” to exit bailout program

Greek government prepares a 15-billion-euro “Emergency Fund” in order to make the exit from the bailout program possible. Citing government sources, the exclusive report of  Online edition of newspaper To Vima, claims that Greeks prepare the exit from bailout and the return to the markets. This action  will not be …

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