Search Results for: financial institutions
Merkel and Tsipras ease tension but did not find political solution
March 24th, 2015
German Chancellor Angela Merkel and Greek Prime Minister Alexis Tsipras struck a conciliatory tone after their first bilateral meeting in Berlin on Monday but the Greek leader’s host insisted that she is not in a position to ease Greece’s ...
ECB’s Coeure says expects changes to Greek aid programme
March 23rd, 2015
Greece‘s financial aid programme is set to be changed to accommodate its new government, a senior European Central Bank official said on Monday, noting that the bank stood ready to support the country. “There is a clear willingness and ...
Greek PM Tsipras faces Merkel amid race to detail reforms
March 23rd, 2015
As government officials scramble to draft a list of detailed reforms in line with demands by the country’s international creditors, Greek Prime Minister Alexis Tsipras is due in Berlin on Monday for crucial talks with German Chancellor Angela Merkel ...
Predicting the Future With Russia’s Economic Nostradamus, Mikhail Dmitriyev
March 19th, 2015
Mikhail Dmitriyev, president of the New Economic Growth consultancy, is often described as “Russia’s top brain.” He studied in Leningrad in the ’80s and took part in economics discussion clubs with the people who transformed Russia into a market economy, including Anatoly Chubais, the architect of Russia’s privatization ...
Speech by Mario Draghi, President of the ECB at SZ Finance Day 2015
March 17th, 2015
Summary Europe needs to accelerate on its way to economic and institutional convergence. Due to falling oil prices, accommodative monetary policy and successful structural reforms, we can be optimistic about the economic outlook. The nascent recovery should be used ...
Media reports said a growing number of close U.S allies to join a new China-led international development bank
March 17th, 2015
A senior U.S. diplomat said it was up to individual countries whether to join a new China-led international development bank as media reports said a growing number of close U.S. allies were ignoring Washington’s pressure to stay out of ...
Federal Reserve Board announces proposal to banking organizations
March 17th, 2015
The Federal Reserve Board on Monday announced a proposal that would require banking organizations to include their existing Legal Entity Identifiers (LEIs) on certain regulatory reporting forms. The LEI is a unique reference code to enable easier identification of ...
Tsipras says Greece doing its part in euro zone deal
March 13th, 2015
Greece‘s problems are euro zone’s problems and the single currency area should send Greece a message of solidarity as Athens stands ready to deliver on promises to reform in exchange for more loans, Greek Prime Minister Alexis Tsipras said. “Greece has already ...
Bundesbank posts €2.95 billion profit in 2014
March 12th, 2015
The Deutsche Bundesbank posted a profit of €2.95 billion for the 2014 financial year, compared with €4.59 billion in 2013. The profit was transferred in full today to the Federal Government of Germany pursuant to section 27 number 2 of the Bundesbank Act ...
The ECB and its Watchers XVI Conference: M.Draghi
March 11th, 2015
Summary In January, the ECB decided to expand its asset purchase programme to include government bonds after it became clear that there was a need for more monetary stimulus. Asset purchases are unconventional, but not unorthodox, and they have ...
