Nowotny

The European Central Bank should start normalizing its monetary policy, one of its most experienced members, Ewald Nowotny, said on April 10.

Veteran European Central Bank policymaker Ewald Nowotny has backed turning the European Stability Mechanism (ESM) into a IMF-styled lender and for it to take over from the ECB in Greece's bailout program.

Talks in Brussels between the Greek delegation and the EU institutions might be ongoing in an effort to reach a final-hour solution and avert a country leaving the Eurozone for the first time, but back in Greece the suffocation of the Greek economy continues.

A European Central Bank policymaker played down the prospects for an immediate loosening of funding for cash-strapped Greece, saying that when it came to accepting the country's bonds as security for central bank credit, the answer remained no.

Any solution to Greece's financial woes is more of a political than an economic question, European Central Bank policymaker Ewald Nowotny said on Monday, as eurozone finance ministers meet to continue Greek debt talks.

Greece would benefit little from leaving the euro, a senior European Central Bank policymaker cautioned on Wednesday, warning that it would cut Greeks' income and offer little benefit beyond helping tourism.

VIENNA - It is almost certain that the EU will not admit any new member in the next five years, but this does not mean that Western Balkan countries should renounce their EU perspectives and reforms, officials stated at the conference in the Oesterreichische Nationalbank organised by the International Monetary Fund (IMF).

The European Central Bank may again accept Greek bonds in return for funding should Athens agree on a new bailout program with international creditors, ECB Governing Council member Ewald Nowotny was quoted as saying.

VIENNA - The European Central Bank is concerned about the risks of deflation or stagnation arising from the current situation of too-low inflation in the euro zone, ECB policymaker Ewald Nowotny said on Tuesday.