ECB

Junker: The Greeks pulled the plug on negotiations

The ‘blame game’ between Greece and its creditors over who was responsible for the break-down of negotiations continues, as Greek citizens are feeling the harsh reality of capital controls and closed banks. ECB President, Jean-Claude Junker accused the Greek government for suddenly leaving the negotiations just as the 2 sides were about to close the deal, reports Politico Europe site.

Latecomers rush to ATMs but no cash available (photos)

Absolute panic was noted at dawn on Friday when Prime Minister Alexis Tsipras made his shock announcement for a referendum. People rushed to ATM machines withdrawing as much as they could in the fear that banks may close leaving people without money. Huge lines formed as people waited to withdraw as much money as possible.

Roadmap for the future of the European and Monetary Union

ECB President Mario Draghi called for a quantum leap in European and Monetary Union (EMU) integration and presented a report published by the presidents of five EU institutions. The report, titled “Completing Europe’s Economic and Monetary Union”, had been commissioned by leaders at the Euro Summit last October.

Greek PM to be involved in high-level meetings in Brussels on Monday

Prime Minister Alexis Tsipras is participating in a European Council meeting on Monday says his office.

European Commission president Jean-Claude Juncker, IMF chief Christine Lagarde, ECB president Mario Draghi, and Eurogroup head Jeroen Dijsselbloem will all meet with him. Earlier in the day, the Greek prime minister will meet with the president of the European Council Donald Tusk.

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