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13 min ago | EKathimerini
Overhauls in Greek markets, the economy and public administration are delivering results, the European Commission said Wednesday, signaling divisions among official creditors over the countryA's progress.
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Short-term bond yields could follow European money market rates higher this week as a drop in spare cash in the euro zone banking system takes effect, market analysts said on Tuesday.
In the wake of the 2008 financial crisis, central banks around the world cut interest rates to near zero and injected massive amounts of liquidity into financial markets in a concerted effort to shore up financial systems and support economic recovery.
Portugal and Greece have money set aside to recapitalize their banks if the European Central Bank uncovers problems during its asset-quality review and stress test, European Stability Mechanism chief Klaus Regling said.
The benchmark index for Greek stocks closed at its lowest point in two months on Monday, but the major midday losses were contained and turnover remained above the 100-million-euro mark.
IMF chief Christine Lagarde warned on Friday that low inflation could damage growth in Europe and urged the European Central Bank to maintain a flexible policy.
The number of counterfeit euro banknotes withdrawn from circulation dropped in the first six months of this year, the European Central Bank said on Friday, but warned the public to watch for fakes.
Intesa Sanpaolo, Italy's biggest bank by branches, aims to draw 13 billion euros from the funds the European Central Bank is due to offer as part of a new long-term loan programme, the lender's CEO said on Thursday.
Eurozone inflation stayed low as expected in what the European Central Bank calls the A danger zoneA in June as falling prices of food and phone calls offset more expensive tobacco and restaurants, data showed on Thursday.
Cyprus wants to start talks with the European Central Bank on a debt swap that would ease the burden on the countryA's largest lender, two people familiar with the discussions said.
Inspectors from Greece's EU/IMF lenders said on Wednesday they had concluded a short, interim checkup of the country's performance under its bailout and will return for a more comprehensive audit in late September.
The euro wallowed at five-month lows against the yen on Thursday and held near a two-year trough on sterling, having weakened broadly overnight in a move that should provide some comfort to the European Central Bank.
European Central Bank, Frankfurt, is searching for an actuary for its ECB Pension Funds, said a notice filed with procurement website Tenders Electronic Daily.
Updated: Wed Jul 23, 2014 07:51 am
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