European Central Bank

The debt relief granted by eurozone governments to Greece will increase the country's ability to repay its dues "in the medium term," the president of the European Central Bank, Mario Draghi, said in a letter to a member of the European Parliament published on Friday.

The government and its creditors discussed the country's fiscal situation and outlook and the implementation of the strategy to reduce the banks' non-performing loans in their first meeting after the completion of Greece's rescue packages last August, the institutions said in a joint statement on Friday.

The European Central Bank lowered the ceiling on emergency liquidity assistance (ELA) Greek banks draw from the domestic central bank by 3.2 billion euros to 5.2 billion euros ($6.04 billion), the Bank of Greece said on Thursday.

FRANKFURT (Reuters) - Europe's next crisis could originate in the real estate market, European Central Bank supervisor Daniele Nouy said in an interview with a Latvian news agency, adding that banks are better prepared to handle one than they were a decade ago.

Relations with investors and the markets will be no easier for Athens than those with the country's creditors, European Central Bank Governing Council member Benoit Coeure warns in an interview with Kathimerini ahead of Greece's return to the markets.

The second-quarter financial results published by the National Bank of Greece (NBG) on Friday reflected the gradual strengthening of operating profits and of liquidity, and the achievement of the target for the reduction of nonperforming exposures for the entire 2018 already from the first half of the year.

Fourteen companies are now licensed by the Bank of Greece to operate in the domestic debt management sector, after the approval on Tuesday of applications from LPN Capital and Melfin. The intense interest seen over the past two years stems from the acceleration of sales to specialized companies of large portfolios of bad loans.

Fourteen companies are now licensed by the Bank of Greece to operate in the domestic debt management sector, after the approval on Tuesday of applications from LPN Capital and Melfin.

The intense interest in the sector over the past two years stems from the acceleration of sales of large portfolios of bad loans to specialized companies.

Representatives of the eurozone's finance ministers are expected in their next meeting on Thursday to prepare the ground so that profits made on the country's bonds by the European Central Bank (ECB) and euro area central banks during the economic crisis can be transferred to Greece, according to sources.

FRANKFURT, Germany (AP) — The trade cease-fire between the European Union and U.S. President Donald Trump boosted optimism among German business executives heavily dependent on trade for their profits, a closely watched economic index showed Monday.

The Ifo institute index rose to 103.8 points from 101.7 in July. The result was better than the 101.8 expected by market analysts.