Economy of the European Union

In September the Economic Sentiment Indicator (ESI) decreased in both the euro area (by 0.7 points to 99.9) and the EU (by 1.0 point to 103.6).

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Peripheral eurozone government bonds opened a touch lower on Friday as weakness in global stock markets weighed on investor demand for riskier assets.

Greek bonds were flat at 6.17 percent after the sharp sell-off in recent sessions on expectations it plans to exit its bailout early, potentially compromising further debt relief and increasing its reliance on market finance.

European Central Bank chief Mario Draghi said on Wednesday that eurozone monetary policy would remain accommodative for a long period and that the goal was to push ultra-low inflation back up closer to the two percent level.

By Yiannis Papadoyiannis

Greek banks are set to see their capital bases receive a considerable 3-billion-euro boost with the European Bank Authority’s recognition of their deferred tax assets by the end of the month.

A new EUR 10 banknoteof the Europa series will enter into circulation on 23 September 2014, according to a media statement of the European Central Bank (ECB).

Like the new EUR 5 banknote, the new EUR 10 banknote has several enhanced security features as well as a fresh look.

Chamber of Deputies Speaker Valeriu Zgonea, paying a visit to Washington on Sept. 17-19 to attend the Parliamentary Intelligence - Security Forum, considers that the Strategy on the Eastern neighborhood of the Euro-Atlantic community needs re-thinking amid the complex security challenges.

By Evgenia Tzortzi

Greek banks drew liquidity of some 5 billion euros from the European Central Bank’s TLTRO program aimed at channeling funding to small and medium-sized enterprises in the first auction completed on Thursday.

The European Bank for Reconstruction and Development (EBRD) has lowered its 2014 growth forecast for Bulgaria to 1.5%.

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By Evgenia Tzortzi

Greek banks are expected to request 6.1 billion euros from the European Central Bank’s temporary liquidity offer program for small and medium-sized enterprises that is set to launch on Thursday.

By Anestis Dokas

The Athens Exchange’s London roadshow got under way at Bloomberg’s headquarters in the British capital on Wednesday featuring 31 listed companies and with much better prospects than the previous editions in 2012 and 2013.