FRANKFURT/ATHENS (Reuters) – A group of European Union experts helping Greece to improve administration and draw more European funding is set to be all but dismantled after the new leftist government refused to cooperate with them, officials have told Reuters.
Such a concession to Prime Minister Alexis Tsipras’ government by the European Commission could dismay countries which have grown frustrated with Athens’ push to abandon reforms as it rejects what many in Greece see as European interference.
FRANKFURT (Reuters) – European Central Bank policymakers gathering on Wednesday will examine possible further emergency funding for Greece’s banks as they take stock of a wider economic picture showing early signs of improvement.
With falling prices in the euro zone beginning to stabilize, ECB President Mario Draghi will be able to claim an early success for the quantitative easing scheme — money printing to buy chiefly government bonds — launched by the bank in March.
FRANKFURT (Reuters) – Investors will cast a wary eye on the latest gauges of the United States’ economic health this week, while troubled Europe shows early signs of turning the corner.
As finance ministers and central bankers from the Group of 20 top economies gather in Washington, on the sidelines of the International Monetary Fund’s Spring meeting, they view a subdued global landscape where even the United States’ prospects seem tarnished.
FRANKFURT (Reuters) – A Greek departure from the euro could expose the European Central Bank to losses on tens of billions of credit, a hole Germany and other euro members may have to fill.
As political wrangling with Athens freezes the country’s access to loans from euro zone states, Greece has been drawing heavily on the ECB, running up an ever larger tab.
FRANKFURT, March 31 (Reuters) – A Greek departure from the
euro could expose the European Central Bank to losses on tens of
billions of credit, a hole Germany and other euro members may
have to fill.
As political wrangling with Athens freezes the country’s
access to loans from euro zone states, Greece has been drawing
heavily on the ECB, running up an ever larger tab.
FRANKFURT, March 19 (Reuters) – Banks took more than twice
the expected amount of long-term loans from the European Central
Bank on Thursday, loading up on the cheap credit in a fresh sign
that a nascent euro zone recovery is spurring lending.
Banks took 97.8 billion euros ($104.50 billion) in the
so-called TLTROs, which are tied to lending to the mostly
smaller firms that are the euro zone’s economic backbone. A
Reuters poll had pointed to take-up of 40 billion euros.
FRANKFURT, March 18 (Reuters) – Anti-capitalist protesters
clashed with riot police near the new headquarters of the
European Central Bank (ECB) in Frankfurt on Wednesday and set
fire to barricades and cars, casting a pall over the ceremonial
opening of the billion-euro skyscraper.
Nearly 90 police were injured by stones and unidentified
liquids hurled by a violent minority from within the
thousands-strong protest, police said. Some protesters said they
were injured when police used pepper spray.
FRANKFURT (Reuters) – Thousands of anti-capitalist protesters clashed with riot police near the new headquarters of the European Central Bank (ECB) in Frankfurt on Wednesday, hours before the ceremonial opening of the 1.3-billion-euro ($1.4-billion) building.
Several cars were set on fire and streets were blocked by burning stacks of tires and rubbish bins. At least one police officer was injured, police said.
NICOSIA, March 11 (Reuters) – Doubts over Greece’s future
membership of the euro are straining its historic kinship with
Cyprus, as Nicosia distances itself from Athens to try to secure
its foothold in the currency bloc.
Cyprus wants to reverse a perception that the two countries
are inextricably linked, worried that it could be dragged down
with Greece, should Athens’ finances collapse and force the
Greeks to abandon the euro.
FRANKFURT, March 11 (Reuters) – European Central Bank buying
of government and other debt may be shielding countries in the
euro zone from any knock-on effect from events in Greece, ECB
President Mario Draghi said on Wednesday.
The ECB began a policy of printing money to buy sovereign
bonds, or quantitative easing, on Monday with a view to
supporting growth and lifting euro zone inflation from below
zero up towards its target of just under 2 percent.