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As Greek deadline looms, this is how the next days could play out
EconomyProgrammemight even be able to scrape together enough to pay the IMF if it does not receive further funding
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Budget primary surplus at 1.51 bln end-May, revenues fall short by 978 mln
EconomyMacroeconomyor postponing other expenses in an effort to cover the external funding needs, mostly related to IMF payments
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Government sceptical about deal with lenders, PM with convincing to do
PoliticsGreek Politicsand tax hikes his government will have to take as the funding that will be released as a result
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The Greeks deserved better than this
Agoranot been willing to “play by the rules” or to make sacrifices in return for further bailout funding
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Referendum and the ECB to determine the future of Greek banks
EconomyThe 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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S&P lowers Greek long-term rating by one notch to CCC-
Economyimports such as fuel. Without Eurosystem funding, Greece payment system would shut down and its banks
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IMF preliminary DSA finds Greek debt unsustainable, points to need for debt relief
EconomyProgramme36 billion. These additional funding needs stem from: 1) Lower fiscal targets (additional needs
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After 'No' vote, pulling Greek banks back from brink a priority
Economywith the objectives and tasks of the Eurosystem”. Since Greek banks have not any other funding sources
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What the ECB's latest decision on ELA and collateral haircuts means for Greek banks
Economya wide range of securities for ELA funding purposes. These mainly involve bank bonds issued with state
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Greece sends request for 3-year ESM programme, reform proposals to come
EconomyProgrammefuture funding requirements. On the key issue of debt, the letter notes that “Greece welcomes
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