Greek Central Bank

Greek Parliament on Friday passed on ruling coalition votes a controversial parliamentary act obliging cities and state-related entities to transfer the majority of their liquid assets to Greece's central bank for use by the government. The act, which exempts health...

The European Central Bank (ECB) is suspending the eligibility of Greek government bonds as collateral for its liquidity operations, starting from February 11th. In a press release on Wednesday night, the ECB, which was having a governing council meeting earlier...

The Financial Times in an article reports a debate between the troika and the Greek coalition government, concerning the amount of money that Greek banks need in order for Greece’s banking sector to be healthy. On the one hand the...

Greece's lenders have enough bailout funds to cover any bad loans that may blight balance sheets in the future, according to the country's central bank. George Provopoulos, the governor of the Bank of Greece, was referring to revelations yet to...

Greek depositors withdrew EUR700 million from local banks on Monday, the country's president said, and warned that the situation facing Greece's lenders was very difficult. In a transcript of remarks by President Karolos Papoulias to Greek political leaders that was...

Greece's central bank warned in its annual report that the country's GDP will contract by 4,5% this year. Greece is expected to enter a fifth straight year of recession in 2012, and the economic recovery is likely to start only...

The recession in Greece could exceed 5.5% in 2011, according to Greece's Central Bank President Giorgos Provopoulos. ''I am afraid,'' said Provopoulos in speaking at the Economic Affairs Commission in Parliament, ''that it will reach 5.8%.'' The central bank president...