European Central Bank

The government's objective of returning to capital markets is becoming increasingly distant, following the official decision by the president of the European Central Bank, Mario Draghi, to rule out Greece's entry into the ECB's quantitative easing (QE) program.

European Central Bank President Mario Draghi on Thursday put a definitive end to any hopes of Greece's inclusion in the bond-buying program (QE) and the extension of the waiver that allows Greek debt to be accepted as collateral for regular auctions of ECB cash, despite the junk rating of Greek bonds.

The European Central Bank lowered the ceiling on emergency liquidity assistance (ELA) Greek banks draw from the domestic central bank by 1.9 billion euros to 8.4 billion euros, the Bank of Greece said on Thursday.

SOFIA, July 18 (Reuters) - Bulgaria will formally apply on Wednesday to join the European Union's banking union as part of its bid to enter the "waiting room" for euro zone membership, the Black Sea state's finance minister said.

Industrialists are calling for particular attention to what the government has agreed with its creditors, stressing that "the markets ask for greater credibility in exercising financial policy."

In its monthly bulletin on financial activity, SEV discerns fatigue in consumer and business confidence data in recent months which leaves no room for misinterpretation.

Last Thursday was quite a shock for the Greeks due to the Eurogroup decision to put off the disbursement of the final bailout tranche of 15 billion euros and the European Central Bank ruling out a waiver extension and a Greek inclusion in its bond-buying program, also known as quantitative easing (QE).

Finance ministers of Eurozone countries and the European Central Bank, ECB, on Thursday welcomed Bulgaria's intention to "put in place the necessary elements for a successful entry into ERM 2" - the so-called "waiting room" for the Eurozone.

BRUSSELS (Reuters) - Bulgaria should send a request soon to join the banking union, a preliminary step before euro membership, and the assessment of its progress could take more than one year, European Central bank board member Benoit Coeure said on Thursday.

Today the Finance Ministers of the euro area Member States, the European Central Bank (ECB), the representatives of the Minister of Finance and of the Central Bank Governor of Denmark discussed the prospects of Bulgaria's participation in the Exchange Rate Mechanism (ERM II) in the presence of the Commission, the Bulgarian Finance Minister and Central Bank Governor, and issued the following sta

Berlin on Thursday blocked the disbursement of the last bailout installment to Greece, worth 15 billion euros, due to Athens extending the value-added tax discount on five Greek islands without securing the approval of its creditors first.