European Central Bank

The 10th post-memorandum evaluation report of the Greek economy is expected to be presented during today's Eurogroup meeting in Luxembourg, which will be attended by Finance Minister Christos Staikouras.

Therefore, Greece is expected to take another step towards a positive direction, as another evaluation is successfully completed.

The climate change agenda has a high stake for the Romanian economy and financial system, both in terms of opportunities and costs, should the green transition be delayed, the governor of the National Bank of Romania (BNR), Mugur Isarescu, said on Tuesday at the press conference for the presentation of the Report of the National Committee for Macroprudential Supervision (CNSM).

The prospects of the European economy were discussed by the participants in the panel "European Economy", coordinated by Tassos Anastasatos, Chief Economist of Eurobank and held at the 6th Delphi Economic Forum held under the auspices of of the President of the Republic, Katerina Sakellaropoulou.

The European Central Bank published its new Economic Bulletin on Thursday, confirming that the coronavirus-related extension of restriction measures across the bloc is disrupting economic activity.

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.

Advance payments from a European Union recovery fund will finance investments worth 3.3% of the country's gross domestic product (around 5.5 billion euros) this year, Bank of Greece Governor Yannis Stournaras said on Wednesday while also calling on Greek banks to make additional provisions to cover an expected new wave of nonperforming loans.

Calling on former ECB chief Mario Draghi to form a coalition government may have been Italian President Sergio Mattarella's option of last resort, other than calling early elections. And Draghi, "the Italian who saved the euro," could just turn out to be "the European who saves Italy," as former prime minister Matteo Renzi, put it.

On this episode we discuss the challenges the Greek economy faces as a result of the pandemic, and focus on the positive impact the European Central Bank's emergency bond-buying program (PEPP) has had on the Greek economy.

Greece ought to feel confident that it will comfortably overcome the absence of European Central Bank support, analysts tell Kathimerini, while noting that Frankfurt's emergency bond-buying program (PEPP) looks set to continue for now.

Greece's biggest weapon against the pandemic-induced crisis is none other than its own cash reserves, which can both finance its support measures and signal to the market that the country has no liquidity problems.