European System of Central Banks
Bulgarian National Bank Releases New Gold Coin: Birth of Christ
National bank will release gold coin "Rozhdestvo Hristovo".
As of December 7, 2020, the Bulgarian National Bank will release a gold commemorative coin on the theme of "Rozhdestvo Hristovo" (Birth of Christ) from the series "Bulgarian Iconography". The price of the coin is 1300 BGN.
Lagarde: Eurozone economy to shrink between 8% and 12% in 2020
The eurozone economy is likely to shrink between 8% and 12% this year as it struggles to overcome the impact of the coronavirus pandemic, European Central Bank President Christine Lagarde said on Wednesday.
ECB prepares for the worst: Life without the Bundesbank
The European Central Bank (ECB) is drafting contingency plans to carry out its multi-trillion bond-buying program without the Bundesbank in case Germany's top court forces the main participant in the scheme to quit, four sources told Reuters.
ECB: Pandemic has exposed vulnerabilities
The coronavirus pandemic has amplified existing vulnerabilities of the financial sector and eurozone banks are likely to face significant losses, the European Central Bank said on Tuesday.
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Banks’ profit challenges eased via ECB funding, Moody’s says
Greek banks will be able to face challenges to profitability from the coronavirus crisis with the help of increased funding from the European Central Bank, credit rating agency Moody's said in a credit outlook report on Thursday.
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.
Is COVID-19 Killing Democracy?
Pandemic Boosts Support for Europe's Autocrats
Polish Election Antics Show 'Collapse of Democracy'
Czechs Fear Autocratic Contagion
Hungary 'No Longer a Democracy'
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Banks’ loans from the ECB have tripled
Increased liquidity requirements amid the coronavirus pandemic contributed toward the increase in Greek bank' dependence on European Central Bank funding.
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Central banker: German ruling on ECB will focus minds on European integration
A legal wrangle over the European Central Bank's bond-purchasing program will help focus minds on the need for closer European integration, Greek central bank chief Yannis Stournaras said on Tuesday.