Economy of the European Union
Euro drop a turning point for central bank reserves
By Lananh Nguyen
Central banks and reserve managers are breaking from past practice by showing little appetite to add euros as the currency tumbles.
Euro-area prices drop more than forecast as ECB weighs QE
By Stefan Riecher
The inflation rate in the euro area fell below zero for the first time in more than five years, bolstering the case for more European Central Bank stimulus.
Merkel ally says Greece no longer threat to euro-area stability
Any political turmoil in Greece following this month?s election is no longer a threat to the wider stability of the euro area, said Michael Fuchs, a senior lawmaker from Chancellor Angela Merkel?s party.
Cyprus plans two bond issues within 2015
Cyprus plans two international debt issues this year, its finance minister said on Monday, seeking a firmer footing in markets after a near meltdown in 2013.
The island nation is preparing for two issues under its European Medium Term Note (EMTN) program, Finance Minister Harris Georgiades said.
Details have not yet been decided.
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Dinar declines by 0.5 percent, exchange rate at RSD 121.7415
BELGRADE - The dinar declined by 0.5 percent on Tuesday, making the official medium dinar-to-euro exchange rate RSD 121.7415, the National Bank of Serbia (NBS) has announced.
The Serbian national currency has dropped by 0.4 percent against the Eurozone currency compared to a month ago and by 5.5 percent compared to a year ago.
Copper trades near four-year low as Greece crisis fuels concern
Copper traded near the lowest in more than four years as concern that Greece will exit the euro area weighed on markets, bolstering speculation that consumption will slow.
SNB's main scenario is for Greece to remain in euro, Jordan says
By Catherine Bosley
Swiss National Bank President Thomas Jordan said he doesn?t expect Greece to leave the euro area and warned of risks associated with such a move.
German bank exposure to Greece around 23.5 billion euros
German banks have around 23.5 billion euros ($28 billion) in credit exposure to Greece, but the systemic risk is limited as the biggest commercial banks, Deutsche Bank and Commerzbank, hold only a tiny fraction of that, according to figures gathered by Reuters.
'Grexit' is back: A Greek exit from the euro raises fears of fiscal contagion
By Simon Kennedy
Mario Draghi?s July 2012 pledge to do ?whatever it takes? to keep the euro intact has kept speculators at bay for almost three years. Bond yields fell from Dublin to Athens, giving governments room to cut budgets and start revamping their economies.
Greek corporate bonds slump as Samaras warns of euro exit risk
By Kate Linsell
Greek corporate bonds fell amid concern the nation could exit the euro area after elections this month, raising the risk of default.