The European Central Bank is exploring ways to directly help small and medium-sized companies as a way to boost the recession-hit eurozone economy directly, said Benoit Coeure, a member of the bank's executive board.
Greece's central bank on Sunday said the country's main four lenders would be recapitalised separately, a move that put on hold a planned merger between two of them.
The European Central Bank threatened Thursday to pull the plug on its emergency funding to Cyprus unless Nicosia can secure a bailout deal with international creditors by next week.
Concerns that political gridlock in Italy could reignite the sovereign debt crisis and choke off tentative green shoots of recovery look set to dominate a European Central Bank meeting this week, analysts say.
The European Central Bank said Thursday that its net profit rose strongly last year, not least as a result of interest earned on its portfolio of sovereign bonds from crisis-ridden countries.
Friday, May 17, 2013
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