European Central Bank

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...

Stournaras Sworn in for Historic Third Term Leading Bank of Greece

Yannis Stournaras has been sworn in for a third six-year term as governor of the Bank of Greece, making him the country’s longest-serving central bank chief since the restoration of democracy in 1974. By the time his new term ends...

Europe ‘Urgently’ Needs Alternatives to Visa and Mastercard, EU Banking Chief Says

Europe faces rising pressure to cut its reliance on major US payment networks as officials warn that the dominance of Visa and Mastercard could become a strategic liability if political relations worsen. The call for Europe to develop credible...

Greek Neobank Snappi Gets License From European Central Bank

Snappi, a Greek joint venture neobank, has been granted a universal banking license by the European Central Bank (ECB) following a proposal made by the Bank of Greece. Snappi Bank receives license from European Central Bank President and CEO of Natech...

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...

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...

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...

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...

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...