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Economy

Greek banks cut borrowing from ELA to zero

The Greek banking system has returned to normality after bringing its dependence on the Emergency Liquidity Assistance (ELA) mechanism down to zero, banking sources said on Wednesday.

No decision on Greek tranche disbursement at EWG

The Euro Working Group (EWG) ended on Monday night without a decision on the disbursement of almost 1-billion-euros from creditors, as there is still no agreement with the Greek government on its plan for protecting the primary residence of…

IMF says early loan repayment is up to Athens

The early repayment of Greece’s loans from the International Monetary Fund is a decision the Greek authorities will make, said IMF spokesman Gerry Rice on Thursday, but noted that this would require the consent of the country’s other…