European Central Bank

Economic crisis experience key in battling Covid fallout, says EBRD official

The European Bank for Reconstruction and Development (EBRD) stands ready to participate in bond issues and other investment initiatives by local business groups in Greece, with its total investment, after the implementation of initiatives in response to the coronavirus crisis, expected to exceed 4 billion euros.

Commission greenlights transfer of SMP/ANFA profits to Greece

The European Commission will ask eurozone finance ministers to approve the disbursement of 748 million euros in SMP and ANFA profits that European central banks made when buying Greek sovereign bonds, according to the sixth enhanced surveillance report by the European Union's executive arm.