European Central Bank
ECB lowers emergency funding cap for Greek banks to 4.9 bln euros
The European Central Bank lowered the ceiling on emergency liquidity assistance (ELA) Greek banks draw from the domestic central bank by 100 million euros to 4.9 billion euros ($5.60 billion), the Bank of Greece said on Thursday.
Reuters: Bulgaria Raises Risk Buffers for 10 Banks as Seeks Euro Entry
Bulgaria's central bank said on Monday that 10 of the Black Sea state's 22 commercial banks would have to adopt extra protective capital buffers as Sofia seeks to join the euro bloc, reports Reuters.
Greece seen lending support to Enria for ECB
The race to take over the European Central Bank's supervision arm has become a dead heat as southern European countries appear to be lining up behind an Italian candidate, four sources familiar with the process said.
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A rocky 2019 and Angela Merkel
Angela Merkel's decision to step down from the leadership of the largest party in the European Union's leading member-state has increased uncertainty on the eve of a year that will see change throughout the bloc's major institutions.
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Papaevangelou to be removed as Jumbo vice chairman
Evangelos Papaevangelou is to be removed as vice chairman of Greece's biggest listed retailer Jumbo following allegations of being involved in irregular residential property transactions, reports said Wednesday.
The transactions, which were carried out by a real estate agency set up by Papaevangelou, violated China's capital controls on outbound foreign investment, reports said.
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EBRD invests in Alpha Bank bad loan portfolio
The European Bank for Reconstruction and Development (EBRD) and Waterfall Asset Management have joined B2Holding in investing in a bad loan portfolio originated by Greece's Alpha Bank, EBRD said on Monday.
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ECB lowers emergency funding cap for Greek banks to 5 billion euros
The European Central Bank lowered the ceiling on emergency liquidity assistance (ELA) Greek banks draw from the domestic central bank by 200 million euros to 5.0 billion euros ($5.74 billion), the Bank of Greece said on Wednesday.
Dragasakis warns against 'political games' after bank share sell-off
The fundamentals of the Greek banking system do not justify the plunge of the sector's index in the Athens Stock Exchange on Wednesday, Deputy Prime Minister Yiannis Dragasakis said on Thursday and warned against playing "political games" with the market.
Bulgaria will Set up a Mechanism to Protect the Poor when the Euro is Adopted
Bulgaria has less than a year to comply with the guidance of the European Central Bank and the European Union for entry into the Eurozone waiting room. This in effect means tightening the banking system and preparing the economy and the price levels.
Greece wants to repay loans to lenders before maturity, Tsakalotos says
Greece wants to repay loans owed to its lenders from the European Central Bank (ECB) and the International Monetary Fund before they are due in a bid to cut its debt servicing costs, its finance minister said on Tuesday.