Latest News from Greece

NATO sees Greek exit from euro as security risk, says deputy secretary general

By Zoltan Simon & Ladka Bauerova

NATO is worried that a Greek exit from the euro area could pose a security risk to the alliance, deputy Secretary General Alexander Vershbow said.

Greek Banks Expect Massive Outflows Following Latest Failure of Bailout Talks

Greek banks are expecting to be subjected to massive outflows after the latest round of talks between Athens and its international creditors on agreeing a new bailout for the country, failed to reach progress on Thursday.

Almost EUR 3 B euros have been withdrawn from Greek banks this week, with bank managers expecting even more outflows on Friday, the Greek Reporter informs.

ECB to review Greek bank funding again on Monday - officials

The European Central Bank will review its limits on emergency funding (ELA) for Greek banks again on Monday when eurozone finance ministers and eurozone leaders meet in Brussels for last-ditch talks a loans for reforms deal with Athens, officials said on Friday.

Tsipras says Greece's problem is Europe's problem

Greece's debt crisis is a problem for all of Europe and the European Union faces a choice between showing solidarity with Greece or sticking to austerity policies that lead nowhere, Prime Minister Alexis Tsipras said on Friday.

Russia Expresses Readiness to Renew Talks on Burgas-Alexandroupoli Pipeline

Russia expressed readiness to renew negotiations on the construction of the planned oil pipeline between the Bulgarian Black Sea city of Burgas and the Greek Aegean Sea port of Alexandroupoli.

This was announced by Russian Energy Minister Alexander Novak at the Saint Petersburg International Economic Forum (SPIEF) on Friday, TASS news agency informs.

Greek bonds have not traded on electronic platform for a month

Investors have not traded Greek government bonds on the HDAT electronic platform for almost a month as the country struggles to reach a vital cash-for-reform deal with its creditors, data from Greece's central bank showed on Friday.

ECB approves additional emergency liquidity for Greek banks-source

The European Central Bank has raised the ceiling on emergency liquidity Greek banks can draw from the country's central bank for the second time this week, a banking source told Reuters on Friday, declining to say by how much.

Greece's top oil refiner says has enough fuel supplies for emergency

Greece's biggest oil refiner Hellenic Petrolem has in place a contingency plan to ensure Greece has enough fuel supplies for several months in case of a national emergency, a company spokesman told Reuters on Friday.

Euro zone sets emergency summit on Greece as money flees

Euro zone leaders will hold an emergency summit on June 22 to try to avert a Greek default after bank withdrawals accelerated and government revenue slumped as Athens and its international creditors remain deadlocked over a debt deal.

Greek assets hold their ground as crisis enters "11th hour"

Greek financial assets held their ground on Friday, putting a bruising week behind them as investors pinned their hopes on an emergency meeting of eurozone leaders next week producing an agreement to unlock aid for Athens and avert looming default.

To Potami chief seeks meeting of political leaders ahead of emergency summit

Greece's political leaders need to sit down and discuss ongoing Greek debt negotiations before the government heads to an emergency summit of eurozone heads of state on Monday, opposition To Potami chief Stavros Theodorakis said on Friday.

Tsipras: Grexit would mean beginning of the end for Eurozone

“A Grexit would be the beginning of the end of the Eurozone” is the title of Austrian newspaper Kurier’s headline, in which the Greek PM gives an interview on the latest developments over the Greek crisis. “A Grexit cannot be a choice, neither for Greece, nor the EU”, he stated.