European Central Bank (ECB)

  As reported by German financial review "Handelsblatt," the Troika of Greece’s lenders has threatened the country to suspend the provision of liquidity, unless an agreement is reached for the completion of the Greek program's final review. Such a development...

In a statement to "Efimerida ton Syntakton" newspaper, Bank of Greece (BoG) Governor Yannis Stournaras said that "today, the Greek banks are based on more solid foundations in comparison with the recent past because they have substantially strengthened their capital position,...

Addressing the Francophone Economic Forum in Athens earlier today, Greek Finance Minister Gikas Hardouvelis appeared optimistic over the country's growth rate in the third quarter of the year. "After six years of continuous shrinking, the Greek economy is expected...

Speaking at a conference of the Greek Institute of Internal Auditions on "Internal control in the middle of developments," National Bank of Greece (NBG) CEO Alexandros Tourkolias revealed that most of the bank's loans are investment loans, spent over...

The European banking sector review expected this coming Sunday, October 26, will clarify Greece's funding needs, said European Stability Mechanism (ESM) head Klaus Regling earlier today. Regling also stressed that the Eurozone should keep the funds it is allocating for crisis...

The most important thing to remember when dealing with banks is a simple rule; banks are a business, motivated by profit. Banks are not sensitive to social needs, do not take risks and bank managers are not your friends....

Greek Finance Minister Gikas Hardouvelis talked to Bloomberg TV’s Guy Johnson on Friday and stated that Greece is likely to resort to emergency loans in 2015 and 2016 in order to exit from the terms of its bailout. "The IMF doesn’t want to lend alone;...

The new 10 euro note, scheduled for release on Tuesday, September 23, will feature the portrait of Europa, inspired by Greek mythology, in the hologram and the watermark. It will also include some enhanced security features. As in the first series of...

European Central Bank's decision to buy 500 billion euro bonds and cut interest rates by 0.05% is expected, according to analyst estimates, to boost the European economy that is threatened by recession and deflation. This decision means that the ECB will print money, loosen...

High debt and unemployment are the most important problems that the Greek economy is facing, Eurogroup President Jeroen Dijsselbloem told the Economic and Monetary Affairs Committee of the European Parliament on Thursday. Dijsselbloem had good things to say about Greece during...