Market News


Greece offers new proposals to avert default, creditors see hope

Mon Jun 22, 2015 6:43pm EDT
Greece took a step back from the abyss on Monday with the presentation of new budget proposals that euro zone leaders welcomed as a basis for a possible agreement in the coming days to unlock frozen aid and avert a looming default. More

Bond prices tumble on Greece optimism, strong U.S. data

Mon Jun 22, 2015 3:22pm EDT
U.S. Treasuries prices fell on Monday on optimism Greece would reach a last-minute deal with creditors and after stronger-than-expected U.S. housing data supported expectations of a September Federal Reserve rate hike. More

What is ECB Emergency Liquidity Assistance (ELA)?

Mon Jun 22, 2015 12:59pm EDT
Greek banks have been heavily dependant on “Emergency Liquidity Assistance” (ELA) since being cut off from standard European Central Bank funding options in early February. More

Greece says ECB won’t let its banks collapse

Sat Jun 20, 2015 3:57am EDT
The European Central Bank will not allow Greek lenders to collapse as this would create a domino effect and topple banks in other parts of Europe, a Greek state minister said on Saturday. More

Greek bank deposit outflows topped 1 billion euros on Thursday: sources

Fri Jun 19, 2015 3:19am EDT
Greek savers pulled more than 1 billion euros from banks in one day on Thursday, three senior banking sources told Reuters, with the pace of withdrawals gaining speed since talks between the government and its creditors collapsed last weekend. More

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