European Central Bank

The Bank of Greece refuted earlier today a report by German financial newspaper Handelsblatt that the troika of international lenders gave an ultimatum to Greece that the European Central Bank will stop liquidity to Greek banks unless Athens and...

AP - European Central Bank President Mario Draghi says Greece is starting to reap the rewards from its wide-ranging economic reforms. Addressing lawmakers of the European Parliament on Monday, Draghi highlighted the fact that Greece was the fastest-growing economy in...

Former U.S. treasury secretary Timothy Geithner said that in 2012 "Europeans wanted to crush the squandering Greeks," according to The Financial Times. In 2012, Geithner had met with ECB President Mario Draghi to discuss the threat of the economic crisis...

Nikos Dendias tabled his last regulation as Minister of Development earlier today. He was later sworn before the Archbishop of Athens and All Greece Ieronymos as the new National Defense Minister replacing Dimitris Avramopoulos. The amendment regards bad business loans...

The ECB plans to accept junk bonds from crisis-ridden countries, provided that they were first subjected to an economic monitoring program. The announcement, which came from the head of the European Central Bank, Mario Draghi, has reportedly astonished Greek lawmakers. The statement has...

The European Central Bank is set to change its rules to allow it to buy asset-backed securities with junk ratings issued by Greek and Cypriot banks. The ECB’s executive board, meeting Thursday (2 October), is to propose that its requirements...

An analysis of Greek debt sustainability by economists Darvas, Sapir and Wolff depicts precisely to whom Greece has to repay its debts. According to official data by the European Union statistical office (EUROSTAT) and the Bank of Greece (BoG), Greece...

The Hellenic Republic Assets Development Fund (HRADF), responsible for raising money from state property sales to reduce debt, is pitching the abandoned Villa de Vecchi on the Greek island of Rhodes, which had been the holiday home of Italian dictator...

French Finance Minister Michel Sapin called for a relaxation of Eurozone economic policy in statements after a meeting with Greek Finance Minister Gikas Hardouvelis in Athens, Greece. "European policy needs new directions toward a recovery," Sapin said outside the Finance...

The Foundation for Economic and Industrial Research (IOBE) reported on Wednesday that the Greek economy should grow by 0.7% this year but the increasing unemployment rate is likely to drop less than originally estimated. IOBE, Greece's leading economic think tank, had earlier predicted a small growth for...