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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...

ECB: Greeks Lost 40% of their Wealth During Economic Crisis

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...

ECB’s Decision to Extend QE Is ‘Good for Greece’ ECB Sources Say

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...

ECB’s Draghi Wants Debt Relief for Greece, States Concern

European Central Bank Chief Maria Draghi expressed concern about the sustainability of the Greek debt and said that assessment on the debt was necessary...

Further Reduction in Borrowing From ELA by Greek Banks

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...

ECB Lowers Emergency Funding Caps for Greece to 51.9 Billion 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...

Government Fights Bank of Greece Chief Over Control of Attica Bank

Attica Bank has become the unofficial battleground in the war between Bank of Greece governor Yiannis Stournaras and the Greek government. The reason is...

ECB Denies Backing Reduction of Greece’s Primary Surplus Targets

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...

Public Spending, Social Welfare, Labor Issues at Wednesday’s Meetings With Institutions

Greece’s public spending, labor issues, social welfare and the strategy for development will be among the issues that will be discussed in the next...

ECB Lowers Emergency Liquidity Assistance to Greece

The Bank of Greece announced that the European Central Bank had lowered the cap on emergency liquidity assistance (ELA) that Greek banks draw from...

‘Athens Stock Exchange Trails Only Nigeria and Venezuela,’ Bloomberg Report Says

Greek bonds and stocks did not gain after the latest bailout program review and uncertainty prevails over the second review scheduled for September, Bloomberg...

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...

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