Tag Archives: ecb

“There are great social problems that need to be solved step by step, but for the first time we are facing the exit of the seven-year crisis”, government spokesman Dimitris Tzanakopoulos on Friday said in an interview to Kokkino radio station. He underlined that the issues remaining to be solved …

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European Central Bank president Mario Draghi keeps interest rates at historic low.The low interest rate cause a blow to million of deposits of ordinary people who trust their live savings to the banks. In a statement issued on Thursday, the ECB said: At today’s meeting the Governing Council of the …

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The decision reached by Eurozone finance ministers in Malta concerning Greece increases the chances of a solution for completing the second review of the Greek programme before May 22, according to a report by J. P. Morgan released on Monday. The U.S. banking and financial services giant said the decisions …

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“Europe’s Greece problem, which brought the euro area to the brink of a breakup in 2015, is back in the headlines,” says Jeromin Zettelmeyer, economist at the Peterson Institute for International Economics.  And so is also the issue whether Greece can succeed without more debt relief. “Greece needs indeed more …

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Should the eurozone fall apart and states return to their own currencies, the Greek Drachma would depreciate at 7.5% percent against the euro. This is the calculation of  a study published by the Bank of America. The study with title “The day after the euro” has been conducted by Athanasios …

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Head of Eurogroup, Jeroen Dijsselbloem decided to launch a revolution. In an interview to a German conservative newspaper, he called on the end of the EU Troika and the mutation of the European Stability fund into a European IMF. Behind Dijsselbloem’s proposal stands the powerful German Finance Minister Wolfgang Schaeuble …

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Dearest and Esteemed People of Greece, You are being slaughtered right in front of the world’s eyes and nobody says beep. Least the Greek elite. Your Government. A few, but a few too many, allow the slaughter because it doesn’t concern them. They are blinded by the false glamour of …

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The decision of the European Central Bank to freeze the emergency liquidity in summer 2015 and force the Greek government to close the countries bank was possibly not legal. This is stated in the Italian daily Il Manifesto that quotes Fabio de Masi, member of German Die Linke in the …

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The European Central Bank has commissioned a legal opinion on the legality of the imposition of capital controls in Greece  end June 2015. But ECB chief, Mario Draghi refuses to make the findings public.  Former Greek finance Minister Yanis Varoufakis and French Socialist Party candidate for the Presidency Benoît Hamon …

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German Chancellor Angela Merkel suggested on Saturday that the euro was too low for Germany but made clear that Berlin had no power to address this “problem” because monetary policy was set by the independent European Central Bank. Merkel made her remarks at the Munich Security Conference as U.S. Vice …

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A sustainable Greek debt and completion of the second review of the Greek programme are necessary prerequisites for Greece’s inclusion in the quantitative easing, European Central Bank (ECB) President Mario Draghi said on Monday. Addressing the European Parliament’s Economic and Monetary Affairs Committee in Brussels, Draghi explained that the sustainability …

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Our Wicked Witch of the West, the malevolent ruler of the Euro Wonderland. Finance Minister Wοflgang Schaeuble who believes that a positive word slipping for his lips would bring his fragile world into collapse. But today, the believable and the unexpected happened: he forgot to say one of his favorite …

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In a stunning admission, chief of European Central Bank, Mario Draghi said that a country can leave the Eurozone but must “Settle its Bill First”. He practically gives the green light to EZ member states wanting to leave the monetary union. In a letter to two Italian lawmakers in the …

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A solution for the Greek Debt is in the interest of the eurozone, chief of the European Central Bank, Mario Draghi said on Monday, speaking at the Economic and Monetary Committee of the European Parliament. Answering a question posed by Giorgos Kyrtsos, MEP of conservative New Democracy, Draghi stressed  that …

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“Europe’s success in dealing with Greece is Europe’s success in dealing with itself,” European Central Bank (ECB) Executive Board Member Benoît Cœuré said in Athens on Monday, while failure to support Greece will also be a failure to support itself. He noted that Greece had made a lot of progress …

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Greece’s European lenders and the International Monetary Fund are in political deadlock over the Greek debt. German news agency MNI reports of a secret meeting last Saturday in Washington where high-ranking representatives from European institutions (ECB, ESM and EU Commission) and Poul Thomsen from the IMF talked about the Greek …

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It isn’t about competitiveness and even lower minimum wages. It isn’t about the constantly changing taxation system and the over taxation. It isn’t about lack of growth-friendly policies, like lower tax rates and fast implementation of structural  -see: labor – reforms. It is about Mario Draghi, the European Central Bank …

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An important decision for the protection of human rights in times of bailouts and austerity. For the first time, the European Court of Justice explicitly stated that the European institutions and in particular the European Commission are bound by the EU Charter of Fundamental Rights and are obliged to protect …

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It is not secret that Germany categorically opposes the policies of the European Central Bank. What bothers German most are the zero interest rates. However, economically strong Germany is the winner of the opportunities a weak euro offers.  Economists predicts that this year, Germany’s current account surplus would probably hit …

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The European Central Bank gave the “green light” to Greece to further ease the capital controls imposed in June 2015. The ECB decision follows a request submitted by governor of Bank of Greece, Yiannis Stournaras, last week. The ECB decision was made public by the governor of BoG, who, however, …

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