ECB

Maria Callas Among Finalists for New €5 Euro Banknote

The European Central Bank (ECB) has recently unveiled the final design proposals for the next generation of euro banknotes and launched a public consultation, giving Europeans the opportunity to help shape the appearance of the currency for the first...

Greeks Lead Eurozone in Shopping on Chinese Platforms Like Temu and Shein

Greeks are making purchases from Chinese online platforms at a higher rate than any other consumers in the Eurozone, according to new research by the European Central Bank (ECB) which highlights the continuing pressure of household budgets in Greece...

New One-Euro Coin Marks Bulgaria’s Path to Eurozone

Bulgaria has moved a monumental stride closer to full integration with the eurozone following the unveiling of its new one-euro coin design. The announcement was met with praise from European Central Bank (ECB) President Christine Lagarde, who hailed it...

ECB Meets in Greece; Holds Rates Steady After 10 Consecutive Hikes

The European Central Bank (ECB) meeting in Greece, left interest rates unchanged on Thursday, after an unprecedented streak of 10 consecutive rate hikes. The ECB has lifted rates by a combined 4.5 percentage points since July 2022 to combat runaway...

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...

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...