European Central Bank

The Greek economy could grow by 2.5 % this year on conditions, the Bank of Greece said in its Annual Report, presented by governor Yiannis Stournaras on Friday. Based on current data, the country's primary surplus in 2016 is expected...

Investors worry about a new Greek "accident" in view of bond payments due in the summer, as the bailout program review has stalled and Greece is unlikely to receive the next loan tranche on time, a Reuters report says. Indicative...

Speaking today at the economic and monetary affairs committee at the European Parliament in Brussels, ECB president Mario Draghi stated that the sustainability of the Greek debt and the completion of the second assessment are prerequisites for Greece to...

Greeks lost 40% of their wealth in the years of the economic crisis, says a European Central Bank survey. The concentration of wealth among the richest households in the euro zone countries has increased since the debt crisis, although wealth...

The European Central Bank (ECB) governing board's decision to extend the ECB's quantitative easing programme until December 2017 is positive for Greece, giving it additional time to enter the programme, ECB sources told the Athens-Macedonian News Agency (ANA) on...

European Central Bank Chief Maria Draghi expressed concern about the sustainability of the Greek debt and said that assessment on the debt was necessary before Greece could participate in the Quantitative Easing Program. "Discussions on the sustainability of the...

Greek banks further reduced their borrowing from the Emergency Liquidity Assistance mechanism (ELA) after the governing council of the European Central Bank approved a request made by the Bank of Greece to lower the borrowing ceiling by 100 million euros...

The European Central Bank lowered the cap on emergency liquidity assistance (ELA) Greek banks draw from Bank of Greece by 0.9 billion euros to 51.9 billion euros. According to a report by Greece's central bank released on Thursday, the lowering...

Attica Bank has become the unofficial battleground in the war between Bank of Greece governor Yiannis Stournaras and the Greek government. The reason is that the BoG chief is doing his job and doesn't allow the Alexis Tsipras administration...

A Greek central banker said the European Central Bank (ECB) expressed support for Greece's efforts to reduce its target for a primary budget surplus after 2018. He said that the central bank supports the initiative of lowering the primary...