Emergency liquidity assistance maintained at 26 June 2015 level Haircuts on collateral for ELA adjusted Governing Council closely monitoring situation in financial markets The Governing Council of the European Central Bank decided today to maintain the provision of emergency liquidity assistance (ELA) to Greek banks at the level decided on 26 June 2015 after discussing a proposal from the Bank of Greece. ELA can only be provided against sufficient collateral. The financial situation of the Hellenic Republic has an impact on Greek banks since...

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06 July 2015 -- Remarks by Vice-President Dombrovskis, EU Commissioner for the Euro and Social Dialog Good afternoon, The European Commission takes note of the result of yesterday's referendum in Greece. We respect the democratic choice of the Greek people. The 'no' result unfortunately widens the gap between Greece and other Eurozone countries. There is no easy way out of this crisis.Too much time and too many opportunities have been lost. The Commission is ready to continue to work with Greece. But to be clear, the Commission...

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Brussels, 05 July 2015 The European Commission takes note of and respects the result of the referendum in Greece. President Juncker is consulting tonight and tomorrow with the democratically elected leaders of the other 18 Eurozone members as well as with the Heads of the EU institutions. He will have a conference call among the "Euro-Institutionals" (with the President of the Euro Summit, the President of the Euro Group and the President of the European Central Bank) on Monday morning. He intends...

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05/07/2015 | 23:30 I take note of the outcome of the Greek referendum. This result is very regrettable for the future of Greece. For recovery of the Greek economy, difficult measures and reforms are inevitable. We will now wait for the initiatives of the Greek authorities. The Eurogroup will discuss the state of play on Tuesday 7 July.

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01/07/2015 | 19:55 -- Tonight we had a Eurogroup conference call, following our call of yesterday. We discussed the two letters of the Greek Prime Minister. We also discussed the current political situation in Greece. First of all, regarding the request for the extension of the old programme which we discussed yesterday, we reaffirmed our decision of last Saturday. The political situation has not changed. There are no grounds for an extension. So unfortunately the programme expired last night at...

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Press Release No.15/310 | June 30, 2015 Mr. Gerry Rice, Director of Communications at the International Monetary Fund (IMF), made the following statement today regarding Greece’s financial obligations to the IMF due today: “I confirm that the SDR 1.2 billion repayment (about EUR 1.5 billion) due by Greece to the IMF today has not been received. We have informed our Executive Board that Greece is now in arrears and can only receive IMF financing once the arrears are cleared. “I can also...

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From July 1 through December 31, 2015, Luxembourg holds the rotating Presidency of the Council of the European Union. This important role is responsible for driving forward the Council's agenda and its work on legislation, as well as ensuring cooperation among Member States. Learn more.   IN THIS CONTEXT: What is the EU Presidency and how is it distinct from the individual presidencies of the major institutions? While each of the major EU institutions is led by an individual president—including European Council President...

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The European Securities and Markets Authority (ESMA) has issued today its official opinion agreeing to a seven-day emergency short selling prohibition proposed by the Hellenic Capital Market Commission (HMCM) under the Short Selling Regulation. The ban will take effect on 00:00:01 hours (CET) 30 June 2015 and remain in place until 24:00:00 (CET) on 6 July 2015 and temporarily prohibit transactions in any financial instrument that create, or increase, a net short position on any of the shares admitted to...

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