-
D-Day For Greece as ECB Considers ELA Eligability
Once again, all eyes will be on Greece on Monday and whether it can come to an agreement with its creditors and avoid a default and possible messy exit from the eurozone. Greek Prime Minister Alexis Tsipras put forward new proposals on Sunday which he hopes will convince the institutions to release the €7.2 billion that was agreed back in February. It’s unlikely to be as simple as that, as it never is with Greece, but already the proposal has been labelled a “good basis for progress”, which offers some hope. Negotiators from both sides have a lot to lose going into what could be the final day of negotiations. ... (full story)