European Central Bank

International lenders negotiating a bailout for cash-strapped Cyprus are likely to seek cutbacks in its public payroll and some increases in taxation, the Cypriot finance minister said on Tuesday. Officials from the International Monetary Fund, European Commission and European Central...

German Economy Minister Philipp Roesler on Sunday reiterated his doubts about whether debt-mired Greece would be able to stay in the euro zone, saying the 'horror' of a potential exit had worn off. Mr Roesler told ARD public television that...

European Union finance ministers are in Brussels for a two-day meeting to flesh out June agreements on the eurozone debt crisis. They are downplaying expectations, even as they face tremendous market pressure to deliver. Banking supervision, aid to Spain and...

Two of the world's biggest economies - China and the 17-nation euro currency bloc - are cutting key lending rates in a new effort to boost their flagging economic fortunes. The Chinese central bank Thursday cut its benchmark lending rate...

The Bank of France will hand over 754 million euros of interest collected on Greek government bonds it holds as part of agreements to offer the country financial support. The figure was given on Wednesday by the French treasury in...

A top European Central Bank official says that Greece must fulfill its austerity and reform targets "100 percent" to stay in the euro and is questioning whether Athens can be given more time.  Greece's new government wants to lower...

Greece must get its reform program back on track if the so-called troika of the European Union, IMF and European Central Bank judges that it has deviated from the plan, Bundesbank President Jens Weidmann was quoted as saying on...

Standard & Poor's Ratings sees 1 in 3 chance of the Hellenic country exiting the euro area in the coming months according to a report published today on likelihood of Greece leaving the unique currency and its potential contagion...

Firms and consumers stopped pulling their money out of Greek banks in March, European Central Bank data showed on Monday, giving some respite to the country΄s troubled banking system. Private sector deposits in Greek banks increased 0.5 percent in March...

Greek lenders will get a temporary capital boost from the state in the form of bonds until the country finalizes a bank recapitalization plan that has been pushed back until after the May 6 elections, a local newspaper reported...