European Central Bank
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...
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.
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...
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...
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...
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...
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...
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...