European Central Bank

President of the European Central Bank, Mario Draghi, announced today the purchase of assets amounting to 60 billion euros per month, in order to stimulate growth and address the threat of deflation. He clarified, the purchases of government bonds...

Greek banks are facing a serious liquidity problem as in the first three days of the week, depositors withdrew a total of 4.2 billion euros. A week ago, the four major Greek banks had proactively asked for Emergency Liquidity Assistance...

A prolonged period of consultation and negotiation with our partners without any clear result and time of completion, and, if there were any maximalistic demands, not taking into account what the creditors' side could give or any unilateral actions,...

Greece's central bank has moved to protect its banks from any fallout from the coming general election, asking the European Central Bank to approve a stand-by domestic emergency funding line, a Bank of Greece official said on Saturday. "We have...

A Greek exit from the euro zone would be an "extremely dangerous" move for the country and a danger for the rest of Europe as well, European Central Bank policymaker Ewald Nowotny said, according to Reuters. Nine days away from...

Two major Greek banks have submitted requests to the Bank of Greece for cash via the emergency liquidity assistance (ELA) system on Thursday, according to Kathimerini daily. The move of the two banks came after the pressing liquidity conditions resulting from the...

SYRIZA will need EU/IMF approval to use Treasury bills to cover Greece's funding needs, if the leftist party comes to power, the Ministry of Finance said on Monday. This comes as an answer to Alexis Tsipras, the party leader, who...

Bank of Greece said on Sunday that deposit outflows from the country are under control, in an effort to reassure markets two weeks before snap elections. With SYRIZA leading steadily in opinion polls, there have been many news reports in...

The Eurozone currency hovers near a 30-month low against the US Dollar today due to the uncertainty spread in the union by the developments in the Greek political scene. The Greek Parliament yesterday failed for a third consecutive ballot...

The decision of the International Monetary Fund (IMF) to suspend the provision of financial assistance to Greece until a new government is formed, after the general elections of January 25, was revealed by the Fund's Director of the Communications...