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  1. Greece and lenders talk at cross purposes, head for crisis summit
    Photo by EU Council Eurozone https://flic.kr/p/dUgXKJ

    PoliticsGreek Politics

    -term funding concerns. Varoufakis also vehemently denied a report that the ECB warned Greek banks may

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  2. Greek stocks down by 11.3 pct for biggest weekly fall of last month

    Economy

    council decided twice this week to raise the Emergency Liquidity Assistance (ELA) funding for Greek

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  3. Greek coalition braces for internal debate over agreement with lenders
    Photo by MacroPolis

    PoliticsGreek Politics

    , as well as medium-term funding (on which Greece has made a proposal for an ESM-ECB swap), in his post

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  4. As Greek deadline looms, this is how the next days could play out

    EconomyProgramme

    might even be able to scrape together enough to pay the IMF if it does not receive further funding

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  5. Budget primary surplus at 1.51 bln end-May, revenues fall short by 978 mln

    EconomyMacroeconomy

    or postponing other expenses in an effort to cover the external funding needs, mostly related to IMF payments

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  6. Government sceptical about deal with lenders, PM with convincing to do

    PoliticsGreek Politics

    and tax hikes his government will have to take as the funding that will be released as a result

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  7. The Greeks deserved better than this
    Photo by Harry van Versendaal

    Agora

    not been willing to “play by the rules” or to make sacrifices in return for further bailout funding

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  8. Referendum and the ECB to determine the future of Greek banks
    Photo by MacroPolis

    Economy

    The ECB Governing Council decided yesterday to maintain the Emergency Liquidity Assistance (ELA) funding of Greek banks at current levels. Moreover, despite earlier rumors, the ECB did not take any decision on an increase on the haircut applied to ELA collaterals. This means that Greek banks

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  9. S&P lowers Greek long-term rating by one notch to CCC-

    Economy

    imports such as fuel. Without Eurosystem funding, Greece payment system would shut down and its banks

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  10. IMF preliminary DSA finds Greek debt unsustainable, points to need for debt relief

    EconomyProgramme

    36 billion. These additional funding needs stem from: 1) Lower fiscal targets (additional needs

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