Greek central bank
Greek engraver wins competition to design logo for a commemorative 2-euro coin
Here’s some good news on the “Greece-Euro” front!
Greek central bank engraver George Stamatopoulos on Thursday won a Europe-wide competition to design the logo for a commemorative two-euro coin to be unveiled in July.
According to DW, his design had been preselected by a jury alongside designs from Spain, Slovenia, Italy and Cyprus.
ECB officials say no to easier funds for Greece now
By John O'Donnell & Georgina Prodhan
European Central Bank policymakers played down the prospects of any immediate loosening of funding for cash-strapped Greece, saying that when it came to accepting the country's bonds as security for central bank credit, the answer remained no.
ECB's Nowotny says no to loosening funding for Greece now
A European Central Bank policymaker played down the prospects for an immediate loosening of funding for cash-strapped Greece, saying that when it came to accepting the country's bonds as security for central bank credit, the answer remained no.
Europe stocks decline as banks lead Greek, Italian shares lower
By Inyoung Hwang
European stocks fell, erasing earlier gains, as lenders sent Greek and Italian stocks lower.
Greek endgame nears for Tsipras as bank collateral hits buffers
By Nikos Chrysoloras & Vassilis Karamanis
Greek banks are running short on the collateral they need to stay alive, a crisis that could help force Prime Minister Alexis Tsipras?s hand after weeks of brinkmanship with creditors.
‘Grey Friday’: Credit rating falls, yield on 10-yr bonds up, cash balance deficit widens
The credit-rating firm DBRS on Friday downgraded Greece’s issuer rating to CCC from B, citing a “further increase in uncertainty over whether Greece and its creditors will reach an agreement on a program that restores macroeconomic stability and improves Greece’s cash position.”
The negative news was followed by Fitch Ratings, which affirmed its CCC grade for the country.
ELA funding to Greek banks up 8.6 pct in April
The use of so-called emergency liquidity assistance (ELA) by Greek banks rose by 8.6 percent in April from the previous month as deposit outflows continued, Bank of Greece data showed on Wednesday.
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Greece tapped its emergency IMF reserves to pay IMF debt [Update]
By Lefteris Papadimas & George Georgiopoulos
Greece emptied an emergency IMF holding account to repay 750 million euros ($839 million) due to the international lender, a Greek central bank official said, avoiding default but underscoring the dire state of the country's finances.
ECB's Constancio says 'worst-case' Greek scenario will be avoided
European Central Bank Vice President Vitor Constancio said he was confident Athens and its creditors will agree a deal to avoid Greece leaving the euro zone.
ECB VP sees no sign of Greek contagion
An interview with Vitor Constancio, Vice President of the ECB, with daily Dutch newspaper Het Financieele Dagblad also included a focus on Greece:
Are you concerned about Greece and, if it comes to a Grexit, do you fear the spread of contagion affects to other euro area countries?
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