FRANKFURT
ECB to hold emergency cash review for Greek banks this week
The European Central Bank will hold an extraordinary review of the emergency liquidity assistance (ELA) extended to Greek lenders this week, two officials familiar with the matter said, as the Frankfurt-based institution is raising the pressure on Athens to meet its bailout commitments.
Germany's Hamburg airport shuts terminal as strike leads to overcrowding
Germany?s Hamburg airport temporarily shut its terminal building this morning after a strike by security staff caused overcrowding.
The airport said police closed the doors for two hours after queues of up to five hours for security checks built up.
?Passengers have little chance of making their flights today,? a spokeswoman said, adding the building was re-opened.
Serbia and Montenegro Profit From Ukraine Flight Detours
The air traffic control agency, SMATSA, expects to earn more than 68 million eurofrom route charges in 2015, after some major European airlines relocated flight paths over Serbia and Montenegro due to the armed conflicts in Ukraine.
Banks, currently on life support, need to return to normality
BoG Governor to Deputy PM: Greek banks' liquidity is absolutely safe ?
The 40-minute meeting that was held on Thursday between Bank of Greece governor Yannis Stournaras and Deputy Prime Minister Yannis Dragasakis focused mainly on the European Central Bank's decision to stop accepting Greek state bonds as collateral from February 11 onwards and the possible consequences of this development for Greece.
From victims to heroes, and back again
By Xenia Kounalaki
?It was great. There were people jumping up and down,? said the young American journalist, one of an estimated 800 people working for the foreign press who came to Athens to cover Greece?s national election. She was describing the scene when newly elected Prime Minister Alexis Tsipras?s gave his first speech.
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One way Greece can keep its banks alive: impose capital controls
By Yalman Onaran
An outflow of deposits from Greek banks will put pressure on the government to limit how much money people can withdraw or transfer outside the country as European Union nations lose patience with providing a lifeline.
Greek banks hammered after ECB snub, Athens rejects 'blackmail'
By George Georgiopoulos & John O'Donnell
Greek borrowing costs leapt and bank shares were hammered on Thursday after the European Central Bank abruptly pulled the plug on its funding for the country's financial sector in what Athens labelled an act of coercion.
ECB cancels soft treatment of Greek debt in warning to Athens
By John O'Donnell & Jan Strupczewski
The European Central Bank abruptly canceled its acceptance of Greek bonds in return for funding on Wednesday, shifting the burden onto Athens' central bank to finance its lenders and isolating Greece unless it strikes a new reform deal.
Greek banks plummet as ECB restricts direct access to funds
By Nikos Chrysoloras and Elisa Martinuzzi
Greek banks plummeted in Athens trading Thursday after the European Central Bank restricted direct access to its funding lines, forcing the nation?s lenders to rely on emergency funds.