ECB cutting back on liquidity for Greek banks, report says
The European Central Bank is increasingly refusing requests for liquidity from Greek banks, making them dependent on support from the Greek central bank, Dutch financial daily Het Financieele Dagblad reports Wednesday, citing «sources in Brussels», according to Dow Jones Newswires.
At the end of January, Greek banks had received 73 billion euros in liquidity support from the ECB, but this amount has dropped by more than 50% now, according to the newspaper.
The ECB is cutting back support because Greece has been holding off on recapitalizing its banking system, despite receiving EUR25 billion in funds for that purpose, the paper says.
Two people are in intensive care and another 11 are being treated for minor injuries after an explosion in a taverna on the island of Salamina, off the coast of Piraeus, on Sunday morning.
F...
A bomb went of on the street where the Greek embassy in Tripoli, Libya, is located but the building was not damaged and there were no injuries, the Foreign Ministry said on Saturday.
"This l...
The start of the Super League playoffs for Greece’s second spot in next season’s Champions League has complicated things, as the teams that started as underdogs beat the favorites at home on...
AEK Athens said on Tuesday it was preparing to declare bankruptcy and seek relegation to the third division.
AEK was relegated from the Super League for the first time in its 89-year history...
Certain people have created a monster and now, when they observe it, they wonder what it is. Golden Dawn, along with all its slogans and behavior, is the work of many, not one single person....
The country has a unique opportunity to turn the page. Society has displayed incredible maturity and responsibility, despite all the hardships. Reforms which had been under discussion for de...
