European Central Bank

"Serbia must repay debts as quickly as possible"

The president was commenting on media reports about a potential new global economic crisis, Tanjug reported on Wednesday.

"My only advice to Prime minister Ana Brnabic and Finance Minister Sinisa Mali would be: repay debts quickly so that we have as little to repay as possible in the future and keep the budget healthy," Vucic said responding to reporters' questions.

Contrasts

"We expect the euro to stay weak against the U.S. dollar into mid-2019." You can read S&P's economic research on their view that "Euro Weakness Is Not Over Yet". According to the research, there is diverging monetary policy between the U.S.

ECB lowers Greek banks' ELA cap to 4 bln euros

The European Central Bank has lowered the ceiling on emergency liquidity assistance (ELA) Greek banks draw from the domestic central bank by 900 million euros to 4 billion euros, the Bank of Greece said on Thursday.

The move reflected improved liquidity conditions, taking into account private sector deposit flows and banks' access to wholesale financial markets, it said.

Emergency central bank funding to Greek banks falls in November

Emergency central bank funding to Greek banks dropped in November compared to the previous month, Bank of Greece data showed on Wednesday.

Emergency funding, which is more costly than borrowing from the European Central Bank, dropped to 2.7 billion euros ($3.06 billion) from 3.58 billion euros at the end of October, the data showed.

SSM grants Piraeus extension for its bond issue

Piraeus Bank has formally secured an extension from the European Central Bank for the coverage of its 500-million-euro corporate bond that will count toward its Tier II capital.

Kathimerini understands that the ECB's Single Supervisory Mechanism (SSM) has given Greece's leading bank in assets a nine-month extension from the original deadline of December 31.

Germany's share of ECB rises as Italy, Spain and Greece's recede

The Bundesbank's share in the capital of the European Central Bank is set to rise at the expense of countries whose economies have shrunk, such as Italy, Spain and Greece, according to the ECB's new shareholder structure published on Monday.

This so-called capital key is re-calculated every five years based on the size of each country's economy and population.

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