Brussels, the European Central Bank, and the IMF are following different agendas – and it shows.
The European Central Bank has snatched Greek survival from the jaws of sovereign bankruptcy. It’s done this by securing interim financing in the form of additional emergency loans from the Bank of Greece, Die Welt reported today (Saturday).
It’s emerged that the ECB’s Governing Council agreed at its meeting on Thursday to increase the upper limit for the amount of Greek short-term loans the Bank of Greece can accept in exchange for emergency loans, Die Welt asserted. Continue reading