European System of Central Banks

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.

ECB’s Lane: Eurozone economy won’t hit pre-crisis level until 2021 at earliest

The coronavirus-hit eurozone economy probably will not return to its pre-pandemic levels until next year at the earliest, the European Central Bank's chief economist told El Pais newspaper, adding that the ECB was prepared to tweak its tools if needed.