Mario Draghi
Latecomers rush to ATMs but no cash available (photos)
Absolute panic was noted at dawn on Friday when Prime Minister Alexis Tsipras made his shock announcement for a referendum. People rushed to ATM machines withdrawing as much as they could in the fear that banks may close leaving people without money. Huge lines formed as people waited to withdraw as much money as possible.
Dragasakis-Tsakalotos to meet with Draghi to keep ATMs open
The VP of the Greek government, Yannis Dragasakis and the Deputy Minister of International Financial Relations Eucleid Tsakalotos will hold a meeting tomorrow, on Saturday, with ECB president Mario Draghi, on the subject of Greek bank liquidity.
Crisis talks on Greece to stretch into the weekend
After yet another inconclusive Eurogroup in Brussels Thursday, finance ministers agreed that more talks were required to bridge enduring gaps between Greece and its creditors with another Eurogroup to be held over the weekend, most likely on Saturday.
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Technical talks resume in Brussels prior to Tsipras, institutions meeting
Late-night meeting between Greek govt, creditors concludes without deal
The latest late-night negotiation between institutional creditors and the Greek side in Brussels proved fruitless, with talks expected to continue on Thursday morning. No comments were made afterwards, either by Greek PM Alexis Tsipras nor by the other leaders, which included Jean-Claude Juncker, Christine Lagarde, Mario Draghi and Jeroen Dijsselbloem, amongst others.
No breakthrough in late-night talks between Tsipras and key officials
Prime Minister Alexis Tsipras left talks at the European Commission with representatives of the institutions shortly after 1 a.m. on Thursday with no agreement between the Greek delegation and lenders.
New round of talks in Brussels after brief inconclusive Eurogroup
Prime Minister Alexis Tsipras was due to be locked in talks on Wednesday night with key European officials after Greece?s lenders submitted new proposals for measures to unlock 7.2 billion euros in bailout funds that Athens dismissed as being unacceptable.
It's 'Armageddon' was how one govt source described IMF counter-proposal
“It’s not a (counter) proposal, it’s Armageddon; they sent it to us at 5 in the morning”, was the response by a high-ranking but unnamed Greek government spokesman to reported demands for a higher (23 percent) VAT rate on most goods as a well as an end to practically all early retirement schemes in the country.
Another thrilling final countdown
The latest developments in the treadmill of negotiations with lenders are becoming dramatic, since everything is now open, after the Greek Prime Minister’s statement on the “Institutions” shortly before he departed for Brussels.
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Time runs out as Greece and creditors meet on Wed. for a deal
Prime Minister Alexis Tsipras is visiting Brussels on Wednesday for a meeting with the heads of Greece’s three creditors: European Commission President Jean-Claude Juncker, European Central Bank Chief Mario Draghi and International Monetary Fund Head Christine Lagarde. This meeting comes just a few hours prior to the Eurogroup meeting scheduled for Wednesday.