Money

Debt in the euro zone has entered the "danger zone," the head of Germany's Bundesbank said on Friday, calling for banks' exposure to the debt of individual countries to be capped.

Greek pensioners decreased by 2,865 in February, 2015, and now number 2,654,784 people according to official figures by the Labor Ministry. Pension payments were at 2,346,571,901 euros in March for 4,541,966 pensions of which 2,902,477 were basic pensions and 1,639,489 were supplementary.

Ratings agency Moody?s gave a negative outlook on Turkey?s banking sector for the second straight year on late March 25, citing subdued economic growth and currency volatility.

By Ben Moshinsky

The Bank of England will assess the danger from a shortage of market liquidity as it warned of threats to financial stability from events such as the crisis in Greece.

By Marc Jones

The European Central Bank's chief economist voiced optimism about near-term euro zone growth on Wednesday, and called for policymakers to show «verbal discipline» about the crisis in Greece.

Jyrki Katainen, the European Commission's Vice President for Jobs, Growth and Investment, is due to visit Bulgaria on April 16.

Katainen, also a former Finnish MP, will be in the Bulgarian capital Sofia as part of his Europe-wide tour promoting the EU Investment Plan that has become known as the "Juncker Plan" in the past few months.

International Credit Rating Agency Fitch did not change Turkey?s outlook in its recent evaluation of the country, which resulted in comforting the markets slightly. Many people were not expecting Fitch to lower the ratings with elections approaching, but looking at the positive reaction of the markets, we concluded that ?it means some uneasiness did exist.?

By Yiannis Papadoyiannis

Greece?s main banks have set aside huge provisions in recent years ? totaling 50 billion euros ? to tackle the problem of nonperforming loans (NPLs). The bulk concern Greece and cover some 60 percent of the loans that are definitively in default.

George Soros stated that Greece’s chances of a Grexit are 50-50 and the country is on the verge of catastrophe.

“Greece is a lose-lose story and the best that could happen is that it could scrape by”, stated Soros on Bloomberg. “Greece is a long-term problem handled incorrectly by all sides since the start”.

European Central Bank Chief Mario Draghi told the European Parliament's Economic and monetary Committee on Monday that the ECB's expanded asset purchase program, better known as "quantitative easing" (QE), is starting to make headway across the EU.