European Central Bank
ECB lowers emergency funding cap for Greek banks to 10.3 bln euros
The European Central Bank lowered the ceiling on emergency liquidity assistance (ELA) Greek banks draw from the domestic central bank by 0.6 billion euros to 10.3 billion euros ($12.03 billion), the Bank of Greece said on Thursday.
NBG bond rating upgrade bodes well for credit system, economy
Last Friday's decision by Standard & Poor's to upgrade National Bank of Greece's covered bonds to investment grade will be crucial for the Greek lender in its accessing international markets and contributing toward the general improvement of liquidity in the local market.
QE and ECB waiver could be catalysts Greek bonds require
Maintaining the eligibility of Greek bonds as collateral for European Central Bank liquidity and their inclusion in the ECB's bond-buying program (QE) would be an important catalyst for the improvement of the Greek bond market and investors' attitude toward Greece, market insiders stress.
Draghi pours cold water on Greek hopes for QE
European Central Bank President Mario Draghi on Monday lowered expectations that Greece could participate in the central bank's quantitative easing program (QE) after its adjustment program expires in August, saying a debt sustainability analysis will need to be completed before the country's bonds are included.
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DBRS: If waiver goes, banks might resort to ELA again
Three days after upgrading Greece's sovereign credit rating from 'B' to 'B (high)' with a Positive outlook, Canada-based ratings agency DBRS stated on Monday that there is a possibility that the European Central Bank's waiver to the rule for not accepting junk-rated bonds as collateral might be prolonged for Greece after the end of its bailout program thanks to the increased monitoring planned.
ECB's Coeure: Greece will now be dependent on the markets, which will not be easier or more pleasant
Last Thursday's Eurogroup agreement to help Greece manage its huge debt pile as it exits the bailout program is a "turning point," European Central Bank board member Benoit Coeure told France's Le Figaro on Monday.
"Greece can now free itself from European stewardship. The sacrifices made by Greek society, supported by European solidarity, have paid off," he said.
Germany Pockets EUR 2.9 Billion from Greece Bailouts
Yahoo News - Germany has earned some 2.9 billion euros ($3.5 billion) since 2010 on Greek debt bought to help the struggling country, a government report seen by AFP showed Thursday.
"Contrary to all the rightwing myths, Germany profited massively from the crisis in Greece," said Sven-Christian Kindler, a Greens party MP whose question to the finance ministry uncovered the figure.
Greek PM to visit president to brief him on Eurogroup debt deal
Greek Prime Minister Alexis Tsipras is to visit President Prokopis Pavlopoulos at 2 p.m. on Friday to brief him on the debt deal for Greece announced at the Eurogroup summit in the early hours of the morning, the premier's office said.
Draghi: Deal on Greece improves medium-term sustainability of Greek debt
The President of the European Central Bank welcomed on Friday a deal reached by eurozone finance ministers on new debt relief for Greece and said the measures will improve the sustainability of the Greek debt "in the medium term".
Eurogroup deal for Greece clinched after marathon session
After several hours of negotiations, Greek officials and representatives of the country's international creditors reached an agreement on securing the sustainability of the country's debt in the early hours of Friday.