ECB leaves stopgap funding for Greek banks unchanged

Last Updated: Wednesday, August 5, 2015, 21:59

The European Central Bank decided Wednesday to leave its emergency credit lifeline for Greece unchanged for the next two weeks, said a source close to the matter who asked not to be identified.

Banks reopen, taxes rise as Greece pays billions to creditors

Last Updated: Monday, July 20, 2015, 23:01

Greece`s government hiked taxes and paid billions of euros to its creditors on Monday, as banks reopened just days after the debt-laden country reached a reforms-for-cash deal with its European partners.

Greek banks reopen as Tsipras eyes return to normal

Last Updated: Monday, July 20, 2015, 11:28

Queues formed outside bank branches in central Athens as people waited to take care of business frozen during the three week-long bank holiday.

Greek banks to reopen Monday but capital controls remain

Last Updated: Saturday, July 18, 2015, 18:55

Greek banks will reopen Monday after a three-week closure and withdrawal limits have been relaxed, but capital controls remain in place, a government decree said Saturday.

Greek bank shutdown cost economy 3 billion euros: Report

Last Updated: Saturday, July 18, 2015, 14:32

The three-week shutdown of Greek banks has cost the country`s struggling economy some 3.0 billion euros ($3.3 billion) not counting lost tourism revenue, a report said Saturday.

Greek banks to re-open on Monday

Last Updated: Friday, July 17, 2015, 10:51

Greek banks, which have remained shut since June 29, are due to re-open on Monday, after the ECB raised the level of emergency funding available.

ECB raises emergency funding to Greek banks by 900 mn euros

Last Updated: Thursday, July 16, 2015, 20:33

The increase corresponded to the amount requested by the Bank of Greece, Draghi said.

Greek banks to remain shut: Finance ministry source

Last Updated: Monday, July 13, 2015, 20:48

Greek banks will remain shut beyond Monday, a finance ministry source said as authorities struggled to contain the economic damage from a two-week closure brought about by a cash shortage.

ECB keeps emergency liquidity for Greek banks at current level

Last Updated: Monday, July 13, 2015, 20:02

The European Central Bank decided Monday to leave its stop-gap credit facility for Greece, known as Emergency Liquidity Assistance (ELA), unchanged at around 89 billion euros ($99 billion), an ECB spokeswoman said.

Greek banks to stay closed until Monday: Finance ministry

Last Updated: Thursday, July 9, 2015, 02:57

Greek banks will remain closed until Monday, the finance ministry said as the government raced to come up with a new proposal to present to creditors in a last-minute drive to avert a eurozone exit.

Greek banks could run out of cash in next two days : Sources

Last Updated: Wednesday, July 8, 2015, 01:33

Greek banks could start to run out of cash over the next two days if creditors do not agree to a new aid deal, two sources familiar with the country`s financial system said on Tuesday.