Tag: ECB

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ECB announces 750 bln Euro pandemic emergency purchase program

Panos - Mar 19, 2020

“Extraordinary times require extraordinary action. There are no limits to our commitment to the Euro. We are determined to use the full potential of our tools, within…

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ECB: Significant drop in NPLs in eurozone in Q3 2018; Greece still highest, 90 bln€

Panos - Mar 22, 2019

The European Central Bank (ECB) on Thursday announced a significant decrease in the volume of non-performing loans in the Eurozone in the third quarter of 2018, falling…

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EU court shields ECB from disclosing key document in Greek crisis

Panos - Mar 13, 2019

The European Union’s court on Tuesday denied access to a European Central Bank (ECB) document which underpinned its decision to freeze vital funding to Greek banks in…

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Bank heads, BoG Gov. meet over new framework for protection of primary residences

Panos - Mar 05, 2019

Α meeting on Monday between the CEOs of Greece's four systemic banks with Bank of Greece (BoG) Gov. Yannis Stournaras reportedly revolved around the European Central Bank's…

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Extraordinary ECB ‘opinion’ on draft framework for legal protection of primary residences in Greece

Panos - Mar 01, 2019

The European Central Bank (ECB) on Wednesday released a surprise 11-page "opinion" over a still under-consideration draft law for the protection of primary residences in Greece, as…

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Dutch envoy: More reforms in Greece necessary; progess needed for Eurogroup to disburse ECB profits on Greek bonds

Panos - Feb 21, 2019

The Dutch ambassador to Greece on Wednesday told a gathering in Athens that "more progress is needed before Eurogroup ministers will decide to disburse ECB profits on…

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ECB supervisory board head Nouy again reiterates need to reduce Greek banks’ NPLs

Panos - May 15, 2018

The head of the European Central Bank's (ECB) supervisory board, Danièle Nouy, met separately on Monday with Bank of Greece (BoG) Gov. Yannis Stournaras and the top…

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Three “fiery” months for the recapitalization

Panos - Feb 14, 2018

Early in May, the results of the resilience tests of the Greek systemic banks are expected to be finalized. Banks are required to finalize their estimates by…

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ECB: Stress tests for 4 Greek systemic banks accelerated; results published in May

Panos - Feb 01, 2018

The European Central Bank (ECB) will examine 37 euro area banks as part of the 2018 EU-wide stress test conducted with the European Banking Authority (EBA). In…

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ECB Lowers Funding Cup for Greek Banks by €1.1 Billion

Panos - Nov 24, 2017

The European Central Bank lowered the cap on Emergency Liquidity Assistance (ELA) Greek banks draw from the domestic central bank by 1.1 billion euros to 25.8 billion…

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EU auditors insist on full probe into ECB’s role in Greek bailouts

Panos - Nov 22, 2017

The European Court of Auditors (ECA) insists it had the right to look into the role of the European Central Bank in Greek bailouts, based on the…

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ECB Profits from Greek Bond Holdings at €7.8 Billion

Panos - Oct 11, 2017

The European Central Bank has made nearly €8bn in profits from its holdings of Greek government debt, according to a written response provided by the ECB to…

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ECB Official: Putting Off Reforms Could Complicate Bailout Review

Panos - Sep 18, 2017

The Greek government should not put off agreed bailout reforms or it could “complicate” an upcoming bailout review by its foreign creditors, a European Central Bank official…

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Greek economic sentiment indicator up in August

Panos - Aug 31, 2017

The Greek economic sentiment indicator (ESI) rose to its highest level in 12 months in August, rising to 99.0 points from 98.2 in July, according to a…

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ELA ceiling for Greek banks again lowered; BoG points to improved liquidity

Panos - Jul 21, 2017

The European Central Bank's (ECB) governing council on Thursday lowered an emergency funding cap - the Emergency Liquidation Assistance (ELA) mechanism -- for Greek banks by 1.1…

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Greece says can return to bond markets even without ECB buying

Panos - Jun 30, 2017

Greece’s short-term objective is to return to bond markets and this will be possible even without the inclusion of its bonds in the European Central Bank’s asset-buying…

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Mario Draghi: No talks on QE for Greece at the moment

Panos - Jun 27, 2017

The President of the European Central Bank (ECB), Mario Draghi ruled out any prospect of Greece being included in the quantitative easing (QE) programme for the time…

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ECB lowers emergency funding cap for Greek banks to 43.6 bln euros

Panos - Jun 23, 2017

The European Central Bank lowered the cap on emergency liquidity assistance (ELA) Greek banks draw from the domestic central bank by 600 million euros to 43.6 billion…

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CNBC: Greek bonds could feature on ECB’s balance sheet, just not now

Panos - Jun 14, 2017

"As we have made clear in the past, specificity on debt measures is a necessary condition for the Governing Council of the ECB to examine purchases of…

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Bloomberg: ECB Said to Be Unlikely to Include Greece in QE in Coming Months

Panos - Jun 13, 2017

The European Central Bank is unlikely to include Greek bonds in its asset-purchase program for the foreseeable future, a person familiar with the matter said, as European…