European Central Bank

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 round of meetings between government ministers and the institutions’ mission chiefs in Athens on Wednesday. The...

The Bank of Greece announced that the European Central Bank had lowered the cap on emergency liquidity assistance (ELA) that Greek banks draw from the domestic central bank by 4.4 billion euros to 52.8 billion euros ($59.6 billion). The...

Greek bonds and stocks did not gain after the latest bailout program review and uncertainty prevails over the second review scheduled for September, Bloomberg says. According to the report, investors stay away from Greek state bonds and stocks, thereby making...

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...

The European Central Bank lacks the necessary tools to deal effectively with the debt crisis and the banking crisis and this is one of the major shortcomings in the Eurozone, President of the Hellenic Republic Prokopis Pavlopoulos said on...

The European Central Bank (ECB) is in danger of biting off more than it can handle, warns expert Kai Schaffelhuber, a partner at law firm Allen & Overy, whose firm was involved with the daunting task of confronting Greece’s...

Greece repaid 1.54 billion euros ($1.695 billion) and accrued interest to the European Central Bank on a maturing government bond on Wednesday. The repayment was made after the country tapped cash from a bailout disbursement worth 7.5 billion euros...

Greece's creditors have given Bank of Greece the green light for relaxation of capital controls, with the European Central Bank expected to give the final OK. As BoG governor Yannis Stournaras said in the Greek parliament, the request sent to...

Bank of Greece governor Yannis Stournaras said there is a possibility of relaxing capital controls by next week, after the European Central Bank Board meeting. The BoG chief spoke after the presentation of the book "European Banking Supervision: The first eighteen...

The European Central Bank (ECB) lowered the cap on emergency liquidity assistance (ELA) Greek banks draw from the domestic central bank by 2.5 billion euros to 58.6 billion euros, the Bank of Greece (BoG) said on Thursday. The move reflected...