All Greek banks will reopen next Monday after a three-week bank holiday, Greek Deputy Finance Minister Dimitris Mardas said on Thursday in Athens. "All banks will reopen and citizens will be able to make more transactions," Mardas told Greek national television broadcaster ERT.
The European Central Bank (ECB) governing council on Thursday decided to raise the Emergency Liquidity Assistance to Greek banks by 900 million euros (979 million U.S. dollars).
Greek parliament approved on early Thursday an omnibus draft bill ratifying the debt deal the government reached with creditors on Monday and the first round of reforms requested as prerequisites for the immediate release of international aid to avert imminent default and Grexit.
On the eve of the vote in the Greek parliament for the ratification of the agreement for the resolution of the Greek debt crisis which was reached in Brussels on Monday, Greek Prime Minister Alexis Tsipras defended on Tuesday evening his choice of sealing a harsh deal rather than a disorderly default and Grexit.
After marathon tough negotiations, the leaders of eurozone countries reached a bailout agreement for Greece to avoid bankruptcy, provided the Greek government implements harsh austerity measures in the coming days.
U.S. stocks continued to rally Monday, with the three major indices logging a three-day winning streak, as market sentiment was boosted by the latest development in the Greek debt crisis.
The 19-member Eurogroup has failed to reach a deal on the Greek debt crisis before a self-imposed deadline and leaders carried talks into the early hours of Monday, with sides still at odds over the possibility of "Grexit" from the single-currency bloc.
Greek Prime Minister Alexis Tsipras appeared confident on Sunday upon his arrival to the critical eurozone summit in Brussels, saying that an "honest compromise" with lenders could be reached Sunday night and Grexit scenarios would be put aside.
The Greek government's proposal for a debt deal with lenders to avoid a looming bankruptcy and Grexit was submitted late Thursday night to the institutions and the Greek parliament.
Athens triumphed in a weekend referendum by saying "no" to international lenders, but it may have to pay the price in the next few days.
The finance ministers of euro zone countries didn't receive new proposals they had expected from Greece on Tuesday, Eurogroup head Jeroen Dijsselbloem said after the crucial meeting.
Greek Prime Minister Alexis Tsipras returns to the table of negotiations with creditors to clinch a new debt deal and avert a looming default and a possible Grexit with the support of opposition parties, according to an official declaration released on Monday.
Renegotiations have become "possible" for the Greece government and the creditors after the Sunday's Greek referendum showed a strong lead of NO on the creditors bailout offer.
Greek Prime Minister Alexis Tsipras appeared confident on Thursday evening that the reforms for cash debt deal Greece has been seeking for five months with creditors will be reached within 48 hours after Sunday's referendum regardless of the result.
Following an unexpected decision by Prime Minister Alexis Tsipras, Greek citizens will vote on Sunday in favor of or against a recent proposal made by the country's creditors to guarantee further financing.
Disgruntled Greek pensioners queued in front of bank branches here and other cities across the country to withdraw up to 120 euros (133 U.S. dollars) from their pensions on Wednesday, as Greece teetered on the brink of default amidst dramatic developments this week.
There will be no further talks on Greece either at the Eurogroup level or between Greek authorities and the institutions until after Sunday's referendum, Eurogroup head Jeroen Dijsselbloem said on Wednesday.