European Central Bank will monitor the 6,000 institutions of the eurozone

The Eurobank is now not only responsible for deciding on the monetary policy of the European Union (EU), but now among Its responsibilities is the overseeing of the financial industry with a direct control on the 120 and 130 largest banking groups, with assets close to 25 billion...
Posted On 03 Nov 2014
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Three Greek Parties Reach Agreement to Form a Coalition Government

Three Greek parties –Democracy, Pasok and Dimar– agreed on terms to form a new government in the country. “Greece has a government … that’s the message we need to send abroad,” said Evangelos Venizelos, from the Pasok movement. It should be...
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Conservative Party Wins Elections in Greece

Antonis Samaras, leader of the conservative New Democracy movement, was declared winner of the  Greek Elections yesterday, promising the Mediterranean country’s standing in the Euro Zone. The Conservative New Democracy movement (ND) was the most voted party in the Greek...
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Eurozone will be the Main Topic in the G-20 Summit at Mexico

Next June 18 on Monday, the G-20 Summit will be held at Los Cabos, Mexico, in which it will be discussed several European issues of extreme importance, including the Euro Zone. The Euro Zone has “three months” to convince its trading partners, warned this week the...
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Spain Might Need a Second Bailout

Spain is on the verge of needing a second economy rescue, after the last European agreement for the rescue of Spanish banks with a loan up to 100.000 million euros, had failed. For the first time in Spain economic history, its 10-year national bond profitability  reached 7%....
Eurogroup may Suspend Loan to Spanish Banks

Loan to Spanish Banks may be Suspended by the Eurogroup

Spanish banks could lose the loan that the Eurozone has provided them, if they were to fail on their commitments to the excessive deficit procedure. Community sources recalled that this loan does not mean “no additional conditionality” macro. They also underlined that...
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European Central Bank Criticizes Spain on the Rescue of Bankia

The President of the European Central Bank (ECB), Mario Draghi, criticized on Thursday the management of Spain in Bankia case, and rejected a statement by the entity in the market, while he has advocated a “bank union” as a rescue for the euro a...

Eurozone banks make massive deposits at the ECB

Last Wednesday, the European Central Bank (ECB) made ​​an unprecedented operation and gave unlimited credits (three years) to try to protect the eurozone banking sector. Between Monday and Tuesday, several eurozone banks that benefited from the huge loans decided to return to put...