Wanted: a CEO willing to hold Greek banking's "poisoned chalice"
ATHENS Wanted: a chief executive to run Greece's bank-rescue fund. Job description: work hard and pray for a miracle.
NEW DELHI The Reserve Bank of India (RBI) will step in to provide more liquidity into the market if the need arises, deputy governor with the central bank Keshab Chandra Chakrabarty said on Wednesday.
He declined to say whether the RBI will resort to buying bonds through open market operations to inject liquidity.
Borrowings in the daily repo auction have risen above 1 trillion rupees for six consecutive sessions, nearly double the deficit level seen as acceptable by the RBI.
(Reporting by Arup Roy Choudhury; Writing by Neha Dasgupta)
BRUSSELS The next disbursement of financial aid to Greece from its euro zone lenders may not be imminent as talks are still complicated, the head of euro zone finance ministers said on Monday, adding that the target was to secure a deal as soon as possible.
ATHENS Euro zone finance ministers and Greece agreed on Monday to resume negotiations over its bailout review next week, and to be concluded swiftly afterwards, a Greek government official said.