European Central Bank

Peter Bofinger, one of the five members of the German Council of Economic Experts, commented last week on state German radio station DLF about the handling of the Greek crisis that "many mistakes" have been made since 2008.

The European Central Bank, he said, "realized too late how serious the crisis was."

The euro is about to celebrate its 20th birthday, but the countries that use it are still wrestling over how the shared currency should work and how to fix flaws exposed by the debt crisis that marred its second decade.

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.

"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.

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 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.

In August 2018, Greece exited the economic programs with the European partner countries, the European Commission, European Stability Mechanism, European Central Bank, and the International Monetary Fund (the latter had already opted out). This was seen as an occasion for celebration.

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.

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.

European Union finance ministers are set to delay a reform of money laundering supervision at banks next week because they first want to assess recent alleged cases of financial crime at the bloc's lenders, an EU draft document shows.