Bailout
No extension will entail a 'dirty' exit from the bailout
FinMin warns of cash crunch in March, as ?the money isn?t there?
By Sotiris Nikas
Finance Minister Gikas Hardouvelis issued a fresh warning on Thursday about the need to safeguard the cash flow in the Greek economy, while European Central Bank board member Ewald Nowotny and European Parliament Vice President Olli Rehn said there is no chance of a Greek debt haircut.
Hardouvelis says SYRIZA complacency may cause cash shortage
Greece risks running out of cash for its debt repayments in March if opposition SYRIZA rises to power in the upcoming January 25 election, Finance Minister Gikas Hardouvelis told the Financial Times in an interview published on Thursday.
Greece needs to ask for a loan extension, says Hardouvelis
If the current government remains in power after the January 25 elections it would negotiate for part of Greece's debt, currently at around 170 percent of GDP, to be transformed from a floating to a fixed rate, Finance Minister Gikas Hardouvelis said on Monday night.
Greece will need troika consent to cover funding needs via T-bills, warns Finance Ministry
Greece's leftist opposition Syriza party will need EU/IMF approval to issue short-term debt to cover funding needs in the first quarter if it takes power after a Jan. 25 election, the finance ministry said on Monday.
ECB says Greek banks' funding access hinges on successful bailout review
Greek bank access to European Central Bank funding assumes a successful completion of a bailout program review and a subsequent deal on a follow-up program with EU/IMF lenders, the ECB said on Thursday.
Greek liquidity under ECB scrutiny
Outflow of deposits still manageable, but any unilateral moves could see local lenders starved of cash
By Yiannis Papadoyiannis
The issue of cash flow in Greece will be among those to be discussed during Wednesday?s scheduled board meeting of the European Central Bank, with Greek central banker Yannis Stournaras informing his peers of liquidity conditions in this country.
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Another bailout extension on the cards
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IMF postpones Cyprus loan tranche after foreclosure law
The International Monetary Fund on Thursday said it could no longer release funds to Cyprus under its bailout this week, after the euro zone government suspended a foreclosure law that was required under the loan program.
Bank of Cyprus shares to resume trading on Dec. 16
Bank of Cyprus shares will resume trading on the Cyprus Stock Exchange on Dec. 16, bourse authorities said on Friday, some 21 months after the stock was suspended during a chaotic bailout of Cyprus.
The stock will start trading at 0.24 euros a share, the stock exchange said in a statement.
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Greek stocks continue nosedive
Greek shares dived Tuesday by the most in decades on concerns that the country is heading for a political crisis that could put in jeopardy its vital bailout program.
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