ECB
Economy
Inflation in Greece Eases as It Hits Record 10.6 % High in Eurozone
Inflation in the Eurozone areas hit a record high of 10.6 percent in October, up from 9.9 percent in September, according to the data released by Eurostat on Thursday. A year earlier, the rate was 4.1 percent.
This represents the...
Economy
Greece Aims to Raise Money from Capital Markets by Issuing New 7-Year Bond
Greece opened a book-building process for a seven-year syndicated bond on Holy Wednesday.
The Greek government ordered Citi, Commerzbank, Credit Suisse, Morgan Stanley, Nomura and Societe Generale banks to issue the new seven-year bond, as Athens takes action to strengthen...
Europe
European Parliament Approves Christine Lagarde as Next ECB President
Christine Lagarde was voted by a majority of members of the European Parliament to become the next president of the European Central Bank (ECB) on Tuesday.
Lagarde, who currently serves as chief of the International Monetary Fund, will replace Mario...
Economy
Next ECB President Lagarde In Favor of Reducing Greece's Primary Surplus Targets
Christine Lagarde, the current Chairman of the International Monetary Fund (IMF) and the next President of the European Central Bank (ECB) suggested on Wednesday that Greece's commitment to a primary surplus target of 3.5 percent of GDP should be...
Economy
World's Safest Currency? New €100, €200 Banknotes Enter Circulation in Europe (video)
The new €100 and €200 euro banknotes officially entered circulation across the Euro Area on May 28. The European Central Bank (ECB) can now pride itself for having developed some of the world's most sophisticated security features for currency.
The...
Economy
Bloomberg: 'Central Bank of Greece To Cut Bad Debts of Banks in Half'
The Central Bank of Greece is working on a plan to cut in half all the bad debts that burden Greek banks, according to a news report published by Bloomberg on Tuesday.
This move is expected to strengthen trust in...
Cyprus
ECB Begins Cyprus Bonds Purchases Following Investment-Grade Upgrade
The European Central Bank (ECB) recommenced purchases of Cypriot government bonds following the upgrade of Cyprus credit rating to investment-grade by Standard and Poor’s.
Purchases of Cyprus bonds by the ECB in the context of the ECB’s Public Sector Purchase...
Economy
Special Rules for Greek ECB Borrowing to End After Bailout Exit
Greece will be unable to access cut-rate European Central Bank funding from Aug. 21 -- a day after the expected 'official' exit from the country's economic bailout program.
The ECB on Friday released a statement which indicated that the end...
Diplomacy
Greek Finance Minister in 'Good Talks' with German Counterpart
There was a reported "positive atmosphere" in Berlin on Friday as Greek Finance Minister Euclid Tsakalotos met recently installed German counterpart Olaf Scholz.
Germany's finance ministry took to social media to describe the meeting as: "Good talks toward a new...
Economy
Bad Loans Threaten Greek Recovery, Says ECB
The Greek economy is recovering, the stability programme is ending in August and a gradual loosening and lifting of capital controls is expected, Daniele Nouy, the chair of the Supervisory Board of the European Central Bank, said on Thursday.
Addressing...