S&P downgrades Greece on uncertain growth prospect
Standard and Poor's move follows that of Fitch, which last week cut Greece's long-term ratings to its lowest rating above a default as a result of the bond exchange plan. The post S&P downgrades...
View ArticleCrisis deepens as Greek central bank warns of euro exit
The Greek central bank warned for the first time on Wednesday that the country could suffer a "painful" exit from the eurozone and even the EU if it fails to reach a bailout deal with international...
View ArticleECB rejected Greek funding line request for extra €6 bn: sources
Concerned at the withdrawals, the Bank of Greece asked the ECB's Governing Council to add an extra €6 billion to an 89-billion-euro emergency credit line on Sunday, to cover the expected shortfall of...
View ArticleGreece hit by closed banks, warnings from eurozone as talks break down
Anxious pensioners swarmed closed bank branches on Tuesday and long lines snaked outside ATMs as Greeks endured the first day of serious controls on their daily economic lives ahead of a 5 July...
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