ECB Eases Rates and Rules to Bolster Banks
The European Central Bank will lend banks as much money as they need for three years, in addition to dropping its key interest rate to zero and loosening collateral rules andreserve ratio requirements.
Soros Lists ‘3 Bold Steps’ for Avoiding Global Depression
Blame it on the policymakers, said billionaire George Soros in an opinion essay that favors letting Greece default.
Greek Bailout Talks Halt as Tension Mounts
The Greeks and bailout officials also cannot agree on the amount by which Greece has failed to meet its targets, with Athens perhaps predictably citing a lower figure than the international representatives.