Do you remember what happened when Cyprus decided to defy the EU? In the end, the entire banking system of the nation collapsed and money was confiscated from private ... Read More
Greece wants to reach a loan deal with its EU-IMF creditors by the end of May to resolve an acute cash shortage, the government said on Monday. “A deal ... Read More
Last August, the US Fed stopped creating new currency out of thin air and dumping it into the banking system. Which is another way of saying the US money ... Read More
Mario Draghi said the European Central Bank’s non-standard measures have proven effective, and low interest rates haven’t yet led to financial imbalances. Unconventional actions “have proven so far to ... Read More
ECB increases pressure on government for agreement, but offers another 2 bln euros in cash to local banks The European Central Bank is putting extra pressure on Athens for ... Read More
Greece made a small interest payment to the International Monetary Fund on Wednesday but European lenders dashed hopes for a cash-for-reforms deal before a more crucial, bigger installment Athens ... Read More
• The composite cost-of-borrowing indicator for new loans to corporations remained unchanged at 2.34% in March 2015. • The composite cost-of-borrowing indicator for new loans to households for house ... Read More
Despite hopes that Greece and its lenders will come to some agreement in May, not everyone is convinced that a deal – which could unleash a last tranche of ... Read More
Financial integration in the euro area has improved steadily and has reached a level close to that before the sovereign debt crisis Establishment of Banking Union and unconventional monetary ... Read More
Frankfurt extends the limit on emergency liquidity assistance for local lenders by another 800 mln euros A few hours after the European Central Bank extended the limit on the ... Read More
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