Archive for July 6th, 2015

July 6, 2015, by Bernd Riegert of Deutsche Welle

Greek Finance Minister Yanis Varoufakis has probably done his country the best service he can by stepping down. His move hugely facilitates new negotiations with the lenders about a third […]

ECB: No additional liquidity assistance to Greek banks

July 6, 2015, by The Sofia Globe staff

The European Central Bank (ECB) said on July 6 that it was maintaining emergency liquidity assistance for Greek banks at the June 26 level. “ELA ...

Greece to offer new bailout proposal to its lenders

July 6, 2015, by VOANews

Greece was no closer Monday to reaching a new bailout deal with its international creditors, but Greek Prime Minister Alexis Tsipras is set to offer n ...

Turkish economy hit by Greek crisis

July 6, 2015, by Dorian Jones of VOANews

Turkish financial markets are among the worst hit in the face of its Greek neighbor’s troubles and the Turkish lira has hit record lows. The imp ...

  • Europe ponders next move after Greece rejects bailout
    July 6, 2015, by VOANews

    “Europe is facing a difficult moment, but it is not in difficulty itself,” French Finance Minister Michel Sapin said Monday after Greek voters overwhelmingly rejected the terms of a financial […]

  • Varoufakis resigns as Greek finance minister
    July 6, 2015, by The Sofia Globe staff

    Yanis Varoufakis announced his resignation as Greece’s finance minister on July 6, saying that some Eurogroup participants “and assorted ‘partners'” wanted him out of meetings and so he was quitting […]