Mario Draghi
Economy
Draghi: ECB Waiting for Measures That will Make Greek Debt Sustainable Long-Term
The European Central Bank (ECB) is waiting for the measures that will make Greek debt sustainable in the long-term in order to decide on Greece's participation in the quantitative easing program, central banker Mario Draghi said on Monday, testifying...
Greece
European Official Expresses Sadness Over Terrorist Attack Against Former PM Papademos
European Central Bank Governor Mario Draghi expressed his sadness and sympathy on behalf of himself and all of the staff at the bank for former prime minister Lucas Papademos, following the terrorist attack against him on Thursday, according to...
Economy
Berlin Takes Initiative to Facilitate Greece's Participation in QE Program
German Chancellor Angela Merkel has taken the initiative to help Greece enter the European Central Banks' quantitative easing (QE) program, provided that Athens agrees to implement fiscal measures amounting to 2% of GDP, a Kathimerini report says.
According to the...
Greece
ECB's Draghi: Debt Sustainability and 2nd Assessment for Greece to Join QE
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...
Economy
ECB Has No Set Timeline to Include Greece in QE Program
The European Central Bank has not yet specified a timeline to include Greece in its 80-billion-euro a month asset purchase program, says a Reuters report.
In a letter sent to European lawmakers, ECB President Mario Draghi said that Greece does...
Economy
ECB Reinstates Waiver for Greek State Bonds
The European Central Bank has decided to reinstate the waiver to allow Greek state bonds to be used as collateral in ECB lending, thus allowing Greek banks to get cheaper loans.
ECB said the decision was taken as the council...
Economy
ECB Dashes Greek Hopes on Lifting 'Waiver' on Greek Bonds
All eyes were on the European Central Bank's (ECB) June policy meeting in Vienna on Thursday. Great expectations resulted in disappointment regarding Greece with the central bank holding back from allowing Greek banks to resume access to cheap loans.
Meeting...
Economy
ECB President: Greek Economy Backslided in 2015
Greece has made reforms in the past few months but its economy backslided in 2015, said European Central Bank (ECB) President Mario Draghi.
In an interview to German newspaper Bild, the ECB chief was asked why Greece has not been able...
Economy
European Central Bank Gives Breath of Liquidity to Greek Banks
The European Central Bank gave a breath of liquidity to Greek banks after Thursday's decision to include them in its quantitative easing program and the purchase of EFSF bonds.
The decision constitutes an indirect capital boost, from which banks can...
Economy
ECB 'Hasn’t Reached Lower Bound' On Rates and Absence of a Banking Union Blocks Greek Debt Restructuring Says Its Chief Economist
The European Central Bank “hasn’t reached lower bound” on rates, said Executive Central Bank’s chief economist and Member of Its Executive Board Peter Praet in an interview with La Repubblica published today.
This statements comes a week after ECB president...