ECB

Bloomberg sees low bond yields, other indicators as signs of Greek recovery

Straight on the heels of a Greek 10-year bond issue with a record low one percent yield (compared to 45 percent one decade ago), Bloomberg is singing the praises of the prospects of the Greek economy and government and touts the once unthinkable possibility of Greek bonds returning to investment grade (even though they are still at the junk level).

The Euro Area with a Sharp Decline in Inflation and the Lowest Unemployment Rate Since 2008

Unemployment has been the lowest since 2008, writes NOVA news.
Inflation in the eurozone dropped sharply to 1.2% in May, according to data released by AFP. Analysts surveyed by the Factset data company predicted a modest fall in inflation to 1.4%, down from 1.7% in April.

The ECB Checks Whether Banks in Bulgaria Can Cope with External Risks

The ECB's assessment of six major banks working in the country has to show whether they can resist external as well as internal risks. Stress tests are already running and are due to the demand for Bulgaria to enter the Eurozone waiting room (ERM II mechanism) and the Banking Union, the 24-hour newspaper writes.

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