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.

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.

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.

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.

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