Euro

BELGRADE - Serbian dinar is down by 0.2 percent on Monday, setting the official exchange rate at the record low RSD 122.9081 per one euro, reads a statement by the National Bank of Serbia (NBS).

The Serbian currency is down 1.8 percent against the Eurozone's single currency compared to a month earlier and 6.0 percent compared to a year earlier.

The euro sank to an 11-year low on Jan. 26 and Asian equities were muted after an anti-austerity party won Greece's election, throwing its international bailout into doubt and raising fears it could leave the eurozone.
 

I always dismissed arguments that the eurozone?s time as an economic power was up, pointing out the strengths of the common currency area. But I finally realized that I have been wrong all along.

The European Central Bank (ECB) will buy EUR 60B in assets per month from March 2015 until end-September 2016 to stimulate flagging economic growth in Europe, the bank's President Mario Draghi announced on Thursday.

The European Central Bank kept interest rates unchanged at record lows and said President Mario Draghi will announce further policy measures at a media briefing later.

Excluding Greek bonds from any European Central Bank quantitative easing program would be bad news for the country's recently upgraded credit rating, the main ratings agencies said.

Greece's finance minister urged the European Central Bank not to exclude it from a quantitative easing program, expected to be announced later on Thursday, telling German business daily Handelsblatt that no one needed it as much as his country.

Excluding Greek bonds from any European Central Bank quantitative easing program would be bad news for the country?s recently upgraded credit rating, the main ratings agencies said.

The ECB is widely expected to announce a large-scale government bond-buying program on Thursday.

By Jonathan Morgan

European stocks halted a four-day rally that took them to a seven-year high.

The Stoxx Europe 600 Index slipped less than 0.1 percent to 355.8 at 11:27 a.m. in London, with the Swiss Market Index falling 1.6 percent after a two-day rebound.

A commission within Romania's parliament is to debate a draft personal bankruptcy law next week, designed to help borrowers escape from increasingly expensive loans taken out in Swiss francs.