FRANKFURT

The Bulgarian National Income agency, Ministries of the Interior and Transport are organizing a joint inspection on the activities of Uber Bulgaria - an internationl transportation company that is a direct competitor to local taxi firms.

Greek FinMin Yanis Varoufakis raised eyebrows and generated his share of shivers on Wednesday when he said he's counting on the ECB to help Greece avoid default next month when it runs out of money, while at the same time playing up the positive by saying deposits are also starting to flow back to domestic banks.

ECB President Mario Draghi On Tuesday presented in Frankfurt the newly designed 20-euro note and announced that it will be launched on Nov. 25.

It is worth noting that the new banknote is designed with extra safety net, which makes it extremely difficult or even imposible to copy correctly.

By David Goodman

As Greece heads toward 11th-hour funding talks with its euro-area membership on the line, bondholders are surprisingly sanguine about its failure so far to secure a deal.

Few Europeans were guilty of assuming that new Prime Minister Alexis Tsipras would perform what Greeks call a kolotoumba ("somersault") the instant he assumed duties, meaning to quickly change political positions.

The European Central Bank has reportedly accepted a demand by the Bank of Greece to extend the period of emergency liquidity assistance (ELA) but has only added 3.3 billion euros to the limit of money Greek banks can draw from the costly mechanism.

By Yiannis Papadoyiannis

Wednesday?s meeting of the European Central Bank?s board is not expected to bring any nasty surprises for Greece in regard to the expected renewal of liquidity to Greek lenders via the Emergency Liquidity Assistance (ELA) mechanism of the Bank of Greece.

Greece?s bonds fell after talks between its newly elected government and euro-area finance ministers broke down without agreement on how to fund the nation when its bailout expires on February 28.

Greek lenders are urging central bank Governor Yannis Stournaras to seek additional emergency cash as deposit outflows accelerate, according to three people familiar with the situation.

In a research note released today, Commerzbank, the global banking and financial services company based in Frankfurt, attempts to answer some of the critical questions with regard to the stalemate Greece and Eurozone have found themselves in, following yesterday's Eurogroup meeting.