European Central Bank

Fresh warning from SEV on gov't promises

Industrialists are calling for particular attention to what the government has agreed with its creditors, stressing that "the markets ask for greater credibility in exercising financial policy."

In its monthly bulletin on financial activity, SEV discerns fatigue in consumer and business confidence data in recent months which leaves no room for misinterpretation.

Bulgaria's Path towards ERM II Participation

Today the Finance Ministers of the euro area Member States, the European Central Bank (ECB), the representatives of the Minister of Finance and of the Central Bank Governor of Denmark discussed the prospects of Bulgaria's participation in the Exchange Rate Mechanism (ERM II) in the presence of the Commission, the Bulgarian Finance Minister and Central Bank Governor, and issued the following sta