European Central Bank
Economy
ECB’s Asmussen Sees Greek Growth From 2014
European Central Bank Executive Board member Joerg Asmussen said he expects Greece to return to growth in 2014 provided it implements its austerity program, and the aim is to keep the country in the euro and return it to...
Economy
EU Commission Denies Reports of New Troika Talks on Greek Cuts
The European Commission on Monday denied Greek media reports that officials from the country's international lenders were in Athens for talks on further budget spending cuts to meet bailout-dictated fiscal targets.
Spokesman Amadeu Altafaj said he was aware of reports...
Economy
Bernanke: Greek Economy Remains in Deep Recession
Financial stress in Europe has eased recently, but risks remain for U.S. financial institutions and money market funds, Federal Reserve Chairman Ben Bernanke said in remarks prepared for a Wednesday congressional hearing.
Strains on the European banking system could spread...
Economy
European Central Bank Suspends Use of Greek Bonds as Collateral
The European Central Bank said on Tuesday that it would temporarily refuse to accept Greek bonds as collateral, but said national central banks would provide funds to any banks in need.
The ECB said in a statement that Greek bonds...
Economy
Papandreou Changes His Mind, Refuses to Step Down as PASOK Leader
ATHENS – PASOK Socialist leader George Papandreou, who had promised to step down so that his party could have a new leader and candidate for Prime Minister in elections scheduled for April, said he won’t give up just yet...
Cyprus
ECB Orphanides: EMU Would Benefit From Greek PSI Reversal
European Central Bank Governing Council member Athanasios Orphanides called on European leaders to reverse their decision to have private holders of Greek sovereign bonds take losses, arguing that the Eurozone as a whole would benefit from such a reversal...