Benoît Cœuré

Kathimerini understands that German Chancellor Angela Merkel is prepared to do whatever it takes to conclude the second review of Greece's third bailout so that it can join the European Central Bank's quantitative easing program (QE), on the condition that the government agrees to a package of pension cuts and a reduced tax threshold - amounting to roughly 2 percent of GDP.

Eurozone President Jeroen Dijsselbloem has issued a written statement following the informal mini-Eurozone meeting in Brussels, late Friday. “Today the Greek minister of Finance, the institutions (European Commission, ECB, ESM and IMF) and I had a constructive meeting on the state of play of the second review.

Member of the European Central bank’s (ECB) executive board Benoit Coeure responded to US President Donald Trump that the adoption of a protectionist economic policy would be a bad idea.

Benoit Coeure, the European Central Bank’s (ECB) executive board member, said that Greece was not in need of a fourth bailout program, speaking to Greek television station Skai TV. Coeure left the possibility of reducing the 3.5% GDP surplus target open after the completion of the current memorandum.

Financial stability risk is rising in the euro zone and concerns may re-emerge about some countries' ability to sustain their debt, potentially raising pressure on the bloc's weakest sovereigns, the European Central Bank said on Nov. 24.

European Central Bank (ECB) board member Benoit Coeure estimated Greece would remain in the Eurozone, according to Reuters news agency. The French banker added that he believed a Greece would get some kind of debt relief. He expressed his optimism on the UK voting to stay in the EU, while he dubbed his country, France, Europe’s ‘sick man’.

Good progress has been made in the negotiations between Greece and its lenders, the European Central Bank said.

According to ECB spokesman, the heads of the institutions will be in Washington and will return to Athens as soon as possible, after the end of IMF’s Spring Meeting.

The members of European Central Bank’s board should not hold any meeting with market representatives one week before ECB’s meeting sessions, ECB President Mario Draghi clarified in a letter sent to the European Parliament.

Mr. Draghi stressed the need to avoid any rumors or misconceptions about meetings between members of the Executive Board and media and market representatives.

The European Central Bank said Saturday its governing council would meet imminently as Greece appears increasingly to be heading towards a default.

"The Governing Council of the ECB will hold a meeting in due course to discuss the situation. The ECB is closely monitoring developments,» an ECB statement said.

The European Central Bank (ECB) has the right to buy government securities from EU members undergoing a financial crisis, a Luxembourg court has ruled.

Under its newly-adopted arrangements the ECB, which oversees the single currency (euro) will be able to buy, in case of need, an unlimited number of securities.