Christine Lagarde

Draghi takes helm in Italy, focused on pandemic recovery aid

Mario Draghi, the man largely credited with saving the euro currency, took the helm as Italy's premier on Feb. 13 after assembling a government of economic experts and other technocrats along with career politicians from across the spectrum to guide the pandemic-devastated nation toward recovery.

Editorial: Enough is enough Chancellor Merkel!

While all of Europe is taking a socio-economic beating the German Federal Court of Justice opined that the bond-buying programme of the European Central Bank that emerged after the last debt crisis is in part unconstitutional and touches on the principles of the German (Federal) Constitution.

The current crisis is threatening to tear apart the European construct and project.

BTA: European Central Bank, National Bank of Bulgaria Set Up Swap Line

The European Central Bank (ECB) and the National Bank of Bulgaria (BNB, the central bank) have set up a swap line to ensure liquidity of up to two billion euros, the BNB said on Wednesday. The line will be in force until the end of 2020 or until needed. The maximum maturity in respect of each withdrawn amount will be three months, BTA reported.