Showing posts with label European financial aid program. Show all posts
Showing posts with label European financial aid program. Show all posts

October 17, 2014

ECB eyes extra funding for Greek banks as Athens markets plunge

(Reuters) - The European Central Bank will loosen its terms for accepting security from Greek banks to allow them to tap more of its funding, offering the country's lenders support as stock and bond markets in Athens tumble.

January 12, 2013

Draghi says eurozone not past turning point yet

FRANKFURT, Germany (AP) — European Central Bank President Mario Draghi says the euro area's struggling economy is showing early signs of improvement and should grow modestly by the end of 2013 but it is not out of the danger zone yet as it struggles with recession and too much debt.