Greece gets half-billion-euro lifeline
In a rare piece of good news for Greek leaders, the European Stability Mechanism (ECM) confirmed Tuesday that it has been forced to throw the cash-strapped country a half-billion-euro lifeline.
Mar 11, 2015, 05:14 AM IST
Greece emergency funding on ECB agenda this week: Source
The European Central Bank will again examine whether to extend emergency funding to Greek banks at a meeting this week, a source familiar with the ECB`s thinking on the matter told AFP on Tuesday.
Mar 10, 2015, 20:08 PM IST
ECB to begin QE stimulus programme
The programme calls for the eurozone central bank to buy around 60 billion euros of public and private bonds each month -- a policy it will apply until at least September 2016.
Mar 09, 2015, 08:36 AM IST
Greek PM Alexis Tsipras hits out at ECB over cash squeeze
Greek Prime Minister Alexis Tsipras has accused the European Central Bank of holding "a rope" around the country`s neck as Athens scrambled Friday to avert a looming state default.
Mar 06, 2015, 20:47 PM IST
Greek PM Alexis Tsipras seeks EU talks after ECB snub
Greek Prime Minister Alexis Tsipras has requested a meeting with European Commission chief Jean-Claude Juncker, a government source said Friday, after Athens got no help from the European Central Bank to address a cash squeeze.
Mar 06, 2015, 15:19 PM IST
ECB more optimistic on growth, stays tough on Greece
The European Central Bank expressed confidence Thursday that its bond buying programme, which begins next week, would help drive the eurozone economy out of its doldrums, but the bank retained its tough-talking stance on Greece.
Mar 05, 2015, 23:13 PM IST
Where Greece hopes to find cash - and why the ECB says no
Cash-strapped Greece had been hoping that the European Central Bank -- which is about to pump billions into the eurozone economy -- would help ease its torment, but so far the ECB has been markedly reluctant to come to its aid.
Mar 05, 2015, 21:28 PM IST
ECB raises growth forecasts, to start printing money next week
The European Central Bank will launch into quantitative easing next week having increased its economic growth forecasts for this year and next.
Mar 05, 2015, 20:52 PM IST
ECB to launch 1 trillion euro bond buying scheme on March 9
The European Central Bank said it will start its new government bond-buying programme on March 9, hoping that pumping new cash into the sagging euro zone economy will boost growth and lift inflation.
Mar 05, 2015, 20:49 PM IST
Euro hits 11-year low against the dollar, stocks climb after ECB
The euro slumped to an 11-year-low against the dollar and stocks finished up on Thursday after the European Central Bank said it will begin a 1.1-trillion-euro bond buying programme next week.
Mar 05, 2015, 17:48 PM IST
Euro hovers near 11-year lows on dollar before ECB meets
The euro remained under pressure Thursday after falling to an 11-year low against the dollar as investors waited for the European Central Bank (ECB) to announce details of its bond-purchase programme.
Mar 05, 2015, 08:16 AM IST
Eurozone loans to private sector still contracting: ECB
Loans to the private sector in the euro area, a gauge of economic health, fell year-on-year in January, but by less than in December, the European Central Bank said on Thursday.
Feb 26, 2015, 16:28 PM IST
Tsipras declares victory as Greece dodges financial collapse
Greek Prime Minister Alexis Tsipras declared victory on Saturday after agreeing a last-minute conditional financial rescue deal with Europe, despite making big concessions to avert financial collapse within days.
Feb 21, 2015, 21:21 PM IST
ECB prepares for a Greece exit from euro zone: Report
The European Central Bank is preparing for the event that Greece leaves the euro zone and its staff are readying contingency plans for how the rest of the bloc could be kept intact, German news magazine Spiegel reported in a preview of its magazine.
Feb 20, 2015, 19:20 PM IST
Greece, Germany face-off in last chance debt talks
Germany and Greece face off again Friday in search of a last minute bailout compromise, with Berlin insisting Athens accept continued austerity in return for fresh aid.
Feb 20, 2015, 14:28 PM IST
Tokyo extends rally but euro falters on Greek debt talks
A weaker yen helped Japan`s Nikkei extend a recent rally a day after closing at a 15-year high in the previous session, but the euro struggled against other currencies ahead of crunch Greek debt talks.
Feb 20, 2015, 12:23 PM IST
ECB minutes reveal differences over QE tool
Publishing the minutes of its governing council`s regular monetary policy deliberations for the first time, the ECB said most members had voted in favour of a new bond purchase programme at its meeting on January 22.
Feb 19, 2015, 20:48 PM IST
ECB says profits down in 2014
The ECB said in a statement its 2014 bottom-line net profit, after subtracting risk provisions, amounted to 989 million euros, down from 1.44 billion euros a year earlier.
Feb 19, 2015, 17:06 PM IST
German investors shrug off Greek worries - for now
Investor sentiment in Germany is at it highest level in 12 months, buoyed by the feel-good effects of the European Central Bank`s latest policy moves and positive growth figures, data showed on Tuesday.
Feb 17, 2015, 18:48 PM IST
German investor sentiment hits 12-month high in February: ZEW
Investor sentiment in Germany rose for the fourth month in a row to reach a 12-month high in February, driven by the feel-good effects of the latest policy moves by the European Central Bank and better-than-expected economic data, a survey found Tuesday.
Feb 17, 2015, 16:36 PM IST
