European Central Bank

The European Central Bank (ECB) said on Tuesday it remains committed to providing liquidity within certain limits despite Cypriot lawmakers overwhelmingly rejecting a levy on savers - a key term of the €10 billion proposed bailout. "The ECB takes note of the...

Despite tax revenues falling far short of expectations as austerity measures have cut deep into the disposable income of Greeks who have responded by curtailing spending drastically – and with a record 27 percent unemployment – Bank of Greece...

The ancient Greek goddess Europa who was abducted and raped by the god Zeus is to be featured on new five-euro notes which will be unveiled by the European Central Bank in the Spring. It is only the second series...

On the eve of a hotly awaited meeting of eurozone finance ministers to thrash out a deal on Greece, Berlin cautioned that a final decision could not be taken on Tuesday as parliaments first had to give their go-ahead. The...

Plans to give Greece extra time to meet deficit-cutting targets would open up a financing gap of around 15 billion euros ($19 billion) through 2014 and 17.6 billion euros in the two following years, the country’s creditors said. The “troika”...

Cyprus plans to contact international lenders on Monday evening to invite them to the island for final talks on a comprehensive aid package for the Greece-exposed island, officials said. While it was unclear when lenders from the European Central Bank,...

German Finance Minister Wolfgang Schaeuble on Thursday rejected calls for any restructuring of Greek debt held by official creditors and said any question of giving the stricken country more time to meet its budget targets should wait on a...

The European Central Bank will not fill potential financing gaps in Greece's budget, Governing Council member Jens Weidmann said on Wednesday. Asked about whether Greece might need another bail-out, the president of Germany's Bundesbank told reporters after a meeting with...

The German government declined Monday to comment on reports in the German media about a widening gap in the funding need for Greece that could require additional financing. According to Dow Jones, the German government has "no reliable data" to...

ATHENS - Standard & Poor's ratings agency has downgraded Greece's debt outlook to negative, blaming the worsening economy and warned that political challenges could soon force another lessening of the country's deteriorating credit standing. With Greece's sovereign credit rating already...