European Central Bank
The impact of the crisis remains strong on the Greek economy despite the upcoming expiry of the bailout program, with European Central Bank data showing that Greece had the lowest growth rate in the eurozone in 2017, among the lowest gross domestic product per capita, and negative credit expansion and savings rates.
The European Central Bank should start normalizing its monetary policy, one of its most experienced members, Ewald Nowotny, said on April 10.
Emergency central bank funding to Greek lenders dropped by 2.4 billion euros, or 13.5 percent, in February compared to the previous month, Bank of Greece data showed on Monday.
Emergency funding, which is more costly than borrowing from the European Central Bank, dropped to 15.05 billion euros from 17.4 billion euros at the end of January, the data showed.
Finance Minister and EU Economic and Financial Affairs Council (ECOFIN) President Vladislav Goranov will represent the Council of the European Union at the first meeting of the Ministers of Finance and Central Bank Governors on 19-20 March at the G20 meeting in Buenos Aires, Argentina. This was announced by the press center of the Ministry of Finance.
Emergency central bank funding to Greek lenders dropped by 4.21 billion euros, or 19.4 percent, in January compared to December last year, Bank of Greece data showed on Monday.
Emergency funding, which is more costly than borrowing from the European Central Bank, dropped to 17.4 billion euros from 21.61 billion euros at the end of December, the data showed.