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Athens Macedonian News Agency: News in English, 15-06-28
CONTENTS
[01] PM Tsipras has meeting with Varoufakis, Dragasakis on Sunday
[02] ECB to keep ELA funding ceiling for Greek banks unchanged
[01] PM Tsipras has meeting with Varoufakis, Dragasakis on Sunday
ANA-MPA -- Prime Minister Alexis Tsipras on Sunday had a meeting with
Finance Minister Yanis Varoufakis and government Vice-President Yiannis
Dragasakis at the government headquarters at Maximos Mansion on Sunday
afternoon. Dragasakis was seen leaving the building a short while ago.
In his address in Parliament late on Saturday, before the plenum
approved a referendum on the creditors' terms, Tsipras indicated that
the referendum will take place next Sunday 'whether Greece's European
partners want it or not.' "We will all respect the result. We will
defend democracy, popular sovereignty and the founding values of Europe,"
Tsipras told lawmakers, while adding that the government will not ask
permission by German Finance Minister Wolfgang Schaeuble or Eurogroup
chief Jeroen Dijsselbloem to allow the people to have their say and
secure democracy in the country it was born.
[02] ECB to keep ELA funding ceiling for Greek banks unchanged
ANA-MPA -- The European Central Bank on Sunday announced its decision
to maintain the ceiling on provision of funding to Greek banks via
Emergency Liquidity Assistance (ELA) at the level agreed on Friday -
89 billion euros - without raising this further.
According to a statement released by the ECB, the ECB Governing Council
said it would "work closely with the Bank of Greece to maintain financial
stability" and "stands ready to reconsider its decision." "We continue
to work closely with the Bank of Greece and we strongly endorse the
commitment of Member States in pledging to take action to address the
fragilities of euro area economies," said ECB President Mario Draghi.
Bank of Greece Governor Yannis Stournaras, on his part, noted: "The
Bank of Greece, as a member of the Eurosystem, will take all measures
necessary to ensure financial stability for Greek citizens in these
difficult circumstances." Following the ECB's decision, the focus is now
on the meeting of Systemic Stability Council due to begin at the finance
ministry shortly. The full ECB statement is given below: "The Governing
Council of the European Central Bank today welcomed the commitment by
ministers from euro area Member States to take all necessary measures
to further improve the resilience of euro area economies and to stand
ready to take decisive steps to strengthen Economic and Monetary Union.
Following the decision by the Greek authorities to hold a referendum
and the non-prolongation of the EU adjustment programme for Greece,
the Governing Council declared it will work closely with the Bank of
Greece to maintain financial stability. Given the current circumstances,
the Governing Council decided to maintain the ceiling to the provision
of emergency liquidity assistance (ELA) to Greek banks at the level
decided on Friday (26 June 2015). The Governing Council stands ready to
reconsider its decision. The ECB Governing Council is closely monitoring
the situation in financial markets and the potential implications for the
monetary policy stance and for the balance of risks to price stability
in the euro area. The Governing Council is determined to use all the
instruments available within its mandate."
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