ECB

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...

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...

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...

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...

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...

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...

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...

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...

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...

Delay Hits €5.7B Greek Bailout Payment

Greece failed to receive a fourth €5.7-billion ($7 billion) tranche of bailout funds on Monday, despite a senior EU figure confirming Athens had met "99 percent" of its reform commitments. However, European mandarins confirmed that work had started on a form...