ECB raises interest rates

ECB raises interest rates

(VOVWORLD) - The European Central Bank raised its key interest rate to a record high of 4% on Thursday but, with the euro zone economy in the doldrums, signaled that the hike,...
ECB President says inflation hasn't peaked

ECB President says inflation hasn't peaked

(VOVWORLD) - Eurozone inflation has not peaked and could go even higher than currently expected, European Central Bank President Christine Lagarde said Monday, hinting at a series of interest rate hikes...
Eurozone inflation hits record high

Eurozone inflation hits record high

(VOVWORLD) - Inflation in the Eurozone exceeded the forecast and hit a record high in October. It’s likely that the European Central Bank (ECB) will continue to raise interest rates...
IMF cancels rule created in 2010 to bail out Greece

IMF cancels rule created in 2010 to bail out Greece

(VOVworld) - The International Monetary Fund abolished Wednesday a rule created in 2010 that allowed it to participate in an international bailout of Greece despite doubts about Athen’s debt sustainability
IMF won’t join Greece bailout

IMF won’t join Greece bailout

(VOVworld) – The IMF will not join a new bailout program for Greece until conditions for debt sustainability, including debt relief and economic reforms, are clearly assured, an IMF official said...
Greek banks to reopen Monday

Greek banks to reopen Monday

(VOVworld) – Banks in Greece, which have been closed since June 29, will reopen Monday and allow depositors to withdraw 60 euros per day, said Greece's Deputy Finance Minister Dimitris...
ECB keeps emergency loans to Greek banks

ECB keeps emergency loans to Greek banks

(VOVworld) – The Governing Council of the European Central Bank decided Monday to maintain the provision of emergency liquidity assistance (ELA) to Greek banks at the set level of 89 billion...