European Central Bank

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...

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...

The new €100 and €200 euro banknotes officially entered circulation across the Euro Area on May 28. The European Central Bank (ECB) can now pride itself for having developed some of the world's most sophisticated security features for currency. The...

The European Central Bank (ECB) recommenced purchases of Cypriot government bonds following the upgrade of Cyprus credit rating to investment-grade by Standard and Poor’s. Purchases of Cyprus bonds by the ECB in the context of the ECB’s Public Sector Purchase...

Greece’s four biggest banks said on Saturday that no new funding plans were needed after stress test results showed they would lose around 15.5 billion euros of their capital by 2020 under an adverse economic scenario, Reuters says. The health...

"The four major Greek financial institutions do not need new capital injections," said German financial newspaper on Sunday, reporting on the stress tests the Greek banks are undergoing. "Relief in Athens: Piraeus Bank, Eurobank, National Bank (NBG) and Alpha Bank...

Greece's growth was the lowest among eurozone countries for 2017, with a GDP rise of just 1.4 percent while the eurozone average was 2.3 percent, according to European Central Bank figures. The ECB annual report released on Monday showed Ireland...

Greek Prime Minister Alexis Tsipras and his MPs keep repeating that the completion of the bailout program in August will mark the end of the memoranda that caused so much suffering to the Greek people. However, there are those who...

Former Greek finance minister Yanis Varoufakis, and a German parliamentarian, are suing the European Central Bank, so as to gain access to a document underpinning the ECB's decision to freeze vital funding to Greek banks in 2015. That move left...

The European Central Bank lowered the cap on emergency liquidity assistance (ELA) that Greek banks draw from the domestic central bank by 300 million euros to 33.6 billion euros, the Bank of Greece said Thursday. The ELA ceiling is valid...