Today’s emergency EuroZone meeting produces a new schedule of meetings but no actual negotiations on the Greek debut crisis
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To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...European Central Bank demands more collateral from Greek banks
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To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Greece votes 61% NO–now there’s 2 weeks before the European Central Bank rules the country’s banks insolvent
In the short term the European Central Bank holds the key to the Greek crisis. The central bank has so far extended 89 billion euros to Greek banks, but the ECB won’t find it easy to provide new funding now that Greece is operating without a bailout program. The deadline for the European Central Bank is July 20, when Greece faces a major debt repayment to the ECB
MGM Resorts remains a portfolio hold for its 2016 story
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Greek banks have said they might not be able to open on Tuesday without help from the European Central Bank. Cash buffers are down to just 90 euros per capita. The European Central Bank will meet on Monday to decide if it will continue its emergency liquidity assistance program for Greece and at what level of funding.