Europe

The European Central Bank said it would spend 750 billion euros ($818 billion) buying government debt and private securities to fight the coronavirus crash. It will buy government and company debt across the eurozone, including that of troubled countries Greece...

Banking giant Credit Suisse secured a deal on Wednesday to borrow up to $54bn from the Swiss Central Bank to shore up its finances as authorities try to avert a global financial meltdown. Shares in Credit Suisse fell 24 percent...

Even with little awareness of cryptocurrency and blockchain technology, Greece ranks sixth in terms of the number of cryptocurrency ATMs. This is out of twenty-seven European member states. There are currently sixty-four active ATMs for usage, mostly concentrated in the...

The Russian Embassy in Greece said Wednesday it was “concerned” about reports it had received from Russian citizens in the country who said that their bank accounts have been frozen, “without any warning or written notification.” “In some cases, families...

The weather front that caused the latest European floods is moving slowly towards the southeast of Europe.

  As accusations of forcible pushbacks of refugees by a number of countries in the Mediterranean basin, including Greece, proliferate, Banksy, the famous but anonymous England-based street artist and political activist, has provided the funds for a rescue boat. The vessel,...

Christine Lagarde was voted by a majority of members of the European Parliament to become the next president of the European Central Bank (ECB) on Tuesday. Lagarde, who currently serves as chief of the International Monetary Fund, will replace Mario...

The European Central Bank revealed the new €100 and €200 banknotes in Frankfurt. The new banknotes will be available from May 28, 2019 and they will replace the old ones that have been in circulation since January 1, 2002. The two...

The construction of the 303-million-euro ($383 million) glass diamond-shaped skyscraper in the heart of Istanbul, Turkey,  is due to be completed. The pompous building will be the headquarters of Finansbank AS and for the Turkish bank's Greek owner, National...

Spain, Portugal, Cyprus, Greece and Ireland's banks are in good shape and there will not be any surprises in European Central Bank stress tests due later in 2014, the head of the European Stability Mechanism (ESM) Klaus Regling said...

The latest financial report published by the German Federal Bank, “Bundesbank” argues that countries on the verge of bankruptcy should ensure the necessary funding for the survival of their state, firstly from the wealth of their citizens and afterwards...

Jens Weidman, chairman of the Bundesbank and board member of the European Central Bank (ECB), made it crystal clear that there is no possibility of a further haircut of Greece’s debt. He said that Athens is obliged to make...

On November 23, the Greek Prime Minister Antonis Samaras will participate in the annual leaders meeting organised by the German newspaper "Sueddeutsche Zeitung." In this year's meeting, which will take place from November 21 to 23 in Berlin, Chancellor Angela Merkel,...

The German daily newspaper Handelsblatt revealed on April 26, a confidential internal legal document of the German Federal Bank or Deutsche Bundesbank that accompanied the appeal of the German Central Bank to the Federal Constitutional Court of Germany against...

Greek restaurateur and artist Dimitrios Ververidis showcased 20 of his most recent works of art at the central square of Stephanplatz in Vienna, Austria on the occasion of World Savings Day celebrated on October 31. The art exhibition was...