Eurozone member states are waiting for Greece’s new proposals in order to discuss a new aid programme today in Brussels.
A Eurogroup meeting has been scheduled today for 14:00 (Athens time) and an emergency eurozone summit for 19:30. German Chancellor Angela Merkel and French President Francois Hollande left the door open for negotiations at
a joint press conference yesterday, urging the Greek government to promptly submit specific proposals in order to reach an agreement, while European Commission (EC) head Jean-Claude Juncker said that he was against an exit by Greece from the euro and
clarified that he would urge the EC to find a solution. "My wish is that a 'Grexit' should be avoided,"
Juncker told the European Parliament in Strasbourg, just hours before emergency summit on the crisis.
- ECB Raises Haircut on Collaterals
The European Central Bank on Monday kept the Emergency Liquidity Assistance (ELA) unchanged for Greek banks at €89 billion but
raised the haircut on the collateral Greek lenders offer as security for borrowing. It will review the situation at a meeting tomorrow, that is, after the completion of today’s eurozone summit.Greek banks are expected to remain closed today and tomorrow.