ECB emergency bank extension, president (finally) elected: Feb. 18, 2015 News Roundup

It’s All Greek [Politics] To Me | February 18, 2015
by Niki Papadogiannakis

  • The European Central Bank has approved the continued use of emergency liquidity assistance (ELA) for Greek banks. The extension is for €68.3 billion and will last for two weeks, until March 4. (via

(Irish Times)

  • Greek government releases Eurogroup discussion documents to Ekathimerini, which contrary to some of Greece’s debtors (read: German FM Wolfgang Schaeuble), is specific in addressing Greece’s specific plan. Finance writer Frances Coppola wrote, “Looking at this, it is very hard to argue that the Athens government has not been specific about its plans, or that its plans are unreasonable.” (via Business Insider)

(Greek Reporter)

  • Conservative, former New Democracy MP Pavlos Pavlopoulos is elected as the new Greek President, gaining 233 votes from the 300 members of parliament. The secondary candidate Nicos Alivizatos was supported by To Potami and PASOK but only received 30 votes from the MPs. (via Greek Reporter)

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