Haircut

Alberto Olmedo, a hairdresser living and working in Madrid, has a very unique perspective on what the perfect cut should be created.

Using a blowtorch and long swords, he artfully achieves the perfect  haircuts for his clients, as the video shows.

The list of the measures to be implemented is going to be approved today at Euroworking Group which is conducted via teleconference.

Days after flatly rejecting reports of capital controls… Yanis Varoufakis on Tuesday said there was “no issue of a bail-in”, i.e. a “haircut” of deposits in Greek banks.

European Central Bank policy setters are considering tightening Greek banks' use of an emergency funding lifeline but keeping the back-up facility open, people familiar with the matter said.

Such a move would curb those lenders' access to a multi-billion-euro central bank support that they use to pay out deposits, making it harder for them to meet such demands.

 If there is no progress at the emergency summit, the ECB may decide to apply a haircut on collateral

By Dimitris Kontogiannis

By Evgenia Tzortzi

The governing council of the European Central Bank is convening on Wednesday to discuss whether to extend the limit of the cash flow granted to Greek lenders via the emergency liquidity assistance (ELA) facility of the Bank of Greece.

By Yiannis Papadoyiannis

The European Central Bank on Tuesday ensured it maintained Greek banks? 3-billion-euro safety cushion of unused cash by extending the Bank of Greece?s emergency liquidity assistance (ELA) limit by half a billion euros.

By Yiannis Papadoyiannis

By Yiannis Papadoyiannis

The European Central Bank has drafted a plan to increase the haircut on the value of Greek banks? collateral, used to draw liquidity from the emergency liquidity assistance (ELA), while expanding the criteria for the acceptance of more assets as collateral. Such a package would have a neutral impact on Greek bank liquidity, bank officials estimate.

By Yiannis Papadoyiannis

The European Central Bank raised the emergency liquidity assistance (ELA) ceiling for Greek banks by 1.1 billion euros on Tuesday, in the wake of Monday?s Eurogroup meeting that recorded some progress in the talks between the government and its creditors.