More bad news for Greece this evening, and again it is from the European Central Bank. It has told Greek banks they have to lodge more collateral or assets with the Bank of Greece as security against the €89bn of emergency lending or ELA (emergency ...
“Hope you don't mind if I take the controls, old chap” said Warren “Biggles” East, slipping into the pilot's seat as the Rolls-Royce bomber veered across the sky.
LONDON Britain is planning to sell half its stake in Royal Bank of Scotland (RBS.L), worth 16 billion pounds, within two years of a possible first sale in September, sources with knowledge of government thinking told Reuters.
... * Greek car sales down 21.6 pct -LMC. * Western Europe registrations up 14.3 pct to 1.31 mln. * Britain's June sales up 12.9 pct in record first-half (Recasts with Greece figures).
WASHINGTON, July 6 The International Monetary Fund told Greece on Monday it could not provide funds to countries that had missed payments due to the international lender, an IMF representative said.