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MercoPress, en Español

Montevideo, March 1st 2026 - 15:59 UTC

Tag: European Central Bank (ECB)

  • Monday, July 20th 2015 - 08:06 UTC

    France calls for an 'Euro government” led by a 'vanguard of countries'

    “I have proposed taking up Delors' idea about Euro government, with the addition of a specific budget and a parliament to ensure democratic control”.

    France favors a “stronger organization” behind the Euro led by “a vanguard of countries”, French President Francois Hollande said in an interview published Sunday. In the past week “the European spirit prevailed” in addressing the Greek crisis, he told the weekly Journal du Dimanche.

  • Wednesday, July 15th 2015 - 06:40 UTC

    Greek parliament must vote on Wednesday Euro zone bailout conditions

    Tsipras: “I assume responsibility for a text I do not believe in, but which I signed to avoid disaster for the country, the collapse of the banks.”

    Greek Prime Minister Alexis Tsipras says he does not believe in a bailout offered by Euro zone leaders, but is willing to implement it. Tsipras described the deal as “harsh”, but said it was the only way for Greece to remain in the Euro.

  • Thursday, July 9th 2015 - 06:10 UTC

    Greek banks to remain closed until next Monday as ECB caps funding

    If “there is no more political accord in sight for a program, then our rules force us to stop completely,” said ECB member Christian Noyer

    The European Central Bank capped the amount of emergency funding it is providing to the Greek banking sector at €88.6 billion on Wednesday, in a sign that the central bank is awaiting the outcome of this weekend’s crunch talks on Greece before deciding whether to extend a further financial lifeline to the indebted country.

  • Wednesday, July 8th 2015 - 08:12 UTC

    Grexit Day next Sunday, Euro Zone members warn Tsipras

    “Until now I have avoided talking about deadlines, but tonight I have to say loud and clear that the final deadline ends this week” said Donald Tusk

    Euro zone members announced on Tuesday that they have given Greece until the end of the week to come up with a proposal for sweeping reforms in return for loans that will keep the country from crashing out of Europe's currency bloc and into economic ruin.

  • Tuesday, July 7th 2015 - 07:01 UTC

    Greek finance minister ousted because he favored a 'parallel currency'

    “If necessary, we will issue parallel liquidity and California-style IOU's, in an electronic form. We should have done it a week ago,” said Yanis Varoufakis

    Yanis Varoufakis, who was Greece's finance minister until Monday morning, was reportedly pushed from his job after he told a journalist that Greece could introduce a parallel currency in the weeks ahead. Cash is flooding out of Greek banks at the moment, and the government desperately needs money to make payments due later this month.

  • Monday, July 6th 2015 - 07:34 UTC

    Euro zone to hold emergency summit to discuss Greek referendum 'no'

    Commission president Juncker will hold a teleconference on Monday with European Central Bank chief Mario Draghi, Tusk and Dijsselbloem

    Euro-zone nations will hold an emergency summit on Tuesday to discuss the Greek referendum “No” result after the German and French leaders called for a meeting, EU president Donald Tusk said. The special meeting comes as Brussels reels with the implications of what the head of the Euro-group of finance ministers from the 19-country block, Jeroen Dijsselbloem, called a “very regrettable” decision.

  • Wednesday, July 1st 2015 - 05:41 UTC

    Greece in IMF 'arrears'; it will default when it misses commercial payment

    S&P’s said it would designate Greece as being in default, if it cannot make payments to private creditors: ie €2 billion in Greek Treasury bills due 10 July

    Greece on Tuesday became the first developed country to join a roster that includes some of the world’s poorest and worst governed nations, including Iraq, Sudan, Somalia and Zimbabwe. Those are a few of the countries that have missed payments to the IMF as Greece did Tuesday, when it failed to make a loan payment of about 1.5 billion Euros, or $1.7 billion, to the fund.

  • Tuesday, June 30th 2015 - 07:14 UTC

    EU leaders warn Greeks the referendum vote means “yes or no to the Euro zone”

    Greek Prime Minister Alexis Tsipras has urged a 'no' vote but insists he wants Greece to stay in the Euro zone

    European leaders have warned Greeks that rejecting creditors' proposals in a snap referendum called for Sunday would mean leaving the Euro. German Vice Chancellor Sigmar Gabriel said the vote would be “yes or no to the Euro zone”.

  • Monday, June 29th 2015 - 06:20 UTC

    Greek banks closed and Tsipras takes the dispute with ECB and IMF to the brink

    Greece is due to make a €1.6bn payment to the International Monetary Fund (IMF) on Tuesday - the same day that its current bailout expires.

    Greek banks are to remain closed and capital controls will be imposed, Prime Minister Alexis Tsipras announced. Speaking after the European Central Bank (ECB) said it was not increasing emergency funding to Greek banks, Tsipras underlined Greek deposits were safe.

  • Friday, May 1st 2015 - 06:22 UTC

    Euro zone scrapes out of deflation in April; unemployment remains above 11%

    Energy prices in the Euro zone fell by 5.8% in April - a slightly slower pace than the 6% decline recorded in March.

    Consumer prices in the Euro zone scraped out of deflation in April after four months, official data has shown, boosting hopes of economic recovery in Europe. The inflation rate in the 19 nations that use the Euro stood at 0% in April, up from a rate of -0.1% in March. Eurostat said that low energy costs were continuing to cut living costs.