European Central Bank
Economy
Fitch Ratings Upgrades Greece to Investment Grade
Fitch Ratings has upgraded Greece's Long-Term Foreign-Currency Issuer Default Rating (IDR) to 'BBB-' from 'BB+'.
Characterized by Greek finance experts as the strictest and most robust rating agency, Fitch rewards the Greek economy's effort by giving the country a vote...
Economy
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...
Business
Crypto “Based on Nothing” Says ECB’s Lagarde in Warning to Investors
European Central Bank President Christine Lagarde said crypto-currencies are “based on nothing” and should be regulated to steer people away from speculating on them with their life savings.
In an interview on a Dutch television show, College Tour, she stated...
Economy
Is the U.S. Dollar Going Digital?
As the U.S. dollar is entering the crypto age, the U.S. government is considering the tremendous change the digital dollar would bring.
According to a Bloomberg report, the guidance will come through three pending reports related to public and private...
Economy
Greece Issues 30-Year Bond Confirming Full Return to Markets
Greece announced it will issue a 30-year bond, the longest-maturity sale since 2008, completing the country’s full return to debt markets.
Europe
Croatia and Bulgaria Enter Process to Convert to Euro
The Balkan states of Croatia and Bulgaria have entered the European Central Bank's program for nations which would like to adopt the euro as their official currency, according to a recent statement from the Bank.
The two nations have joined...
Economy
ECB: Greece Should Complete Reforms to Help Banks Reduce Bad Debt
Greece should complete the reforms needed to help banks reduce bad debt and deal with the impact of the COVID-19 pandemic, the European Central Bank said, according to Reuters.
The coronavirus crisis has stalled the efforts of Greek banks to...
Economy
Eurozone Accepts Greek Government Bonds as Collateral
Greece welcomed a decision by the European Central Bank on Tuesday to accept Greek government bonds as collateral as a move “that will further boost liquidity in the economy.”
"We welcome the ECB's decision to accept Greek government bonds as...
Economy
European Central Bank To Spend 750 Billion Euros Battling Coronavirus Crash
The European Central Bank said it would spend 750 billion euros ($818 billion) buying government debt and private securities to fight the coronavirus crash.
It will buy government and company debt across the eurozone, including that of troubled countries Greece...
Economy
Greece Issues Commemorative Coins for 2500th Anniversary of Battle of Thermopylae
Greece will soon issue two commemorative coins to mark 2500 years since the historic battle of Thermopylae, fought in 480 BC.
Their official announcement took place recently in Berlin, during the event called the ''World Money Fair 2020,'' which was...