Τhe European Banking Authority prepared for Brexit ..

NEWS Releases 17/12/2018  - The EBA calls for more action by financial institutions in their Brexit-related communication to customers

As a follow up to its June 2018 Opinion on financial institutions' preparedness for the UK withdrawal from the EU, the European Banking Authority (EBA) today reminds affected financial institutions to maintain their efforts in effective contingency planning and to increase their efforts in communicating to customers. The EBA urges such institutions to take its Opinion into careful consideration and to swiftly proceed with advising customers on the specific implications stemming from the UK withdrawal from the EU.

Η Ενιαία Αγορά είναι ένα από τα μεγάλα επιτεύγματα της Ευρωπαϊκής Ένωσης .. European Council

Δελτίο Τύπου - 

Συμπεράσματα του Ευρωπαϊκού Συμβουλίου, 13-14 Δεκεμβρίου 2018

Το Ευρωπαϊκό Συμβούλιο στις 13-14 Δεκεμβρίου 2018 ενέκρινε συμπεράσματα σχετικά με το ΠΔΠ, την ενιαία αγορά, τη μετανάστευση και άλλα θέματα, δηλαδή τις εξωτερικές σχέσεις, την αλλαγή του κλίματος, την ασφάλεια και την άμυνα, την παραπληροφόρηση, την καταπολέμηση του ρατσισμού και της ξενοφοβίας και τις διαβουλεύσεις με τους πολίτες.

EU Economy - The EU banks have continued to improve their LCR - (LCR) was around 145% in December 2017, materially above the minimum threshold of 100%. - EBA

Press Releases - 04 October 2018 -  EBA publishes the preliminary impact of the Basel reforms on EU banks capital and updates on liquidity measures in the EU

The European Banking Authority (EBA) published today two reports, which measure the impact of implementing Basel III reforms and monitor the current implementation of liquidity measures in the EU. The EBA Basel III capital monitoring report includes a preliminary assessment of the impact of the Basel reform package - as endorsed by the Group of Central Bank Governors and Heads of Supervision (GHoS) - on EU banks assuming its full implementation. 

EU Economy - The claim that the ESM is guaranteeing Italy’s state debt is wrong ..

Press Releases - Letter to the Editor of Frankfurter Allgemeine Zeitung

On the articles “Deficits in Rome” (F.A.Z. of 29 September) and “League boss Salvini: I don’t care about Europe at all” (F.A.Z. of 1 October): In the article in the Saturday edition about the budgetary plans of the Italian government, the claim is made that “Europe has taken over guarantees for Italy’s state debt via the state rescue fund ESM”. This claim is repeated in the other article published on Monday. 

Η ζώνη του ευρώ έχει βγει από την κρίση ισχυρότερη από πριν ..- Klaus Regling - ESM

NEWS Release - 22/02/2018 - "10 χρόνια μετά την παγκόσμια χρηματοπιστωτική κρίση" - Ομιλία του κ. Klaus Regling - Tokyo, Japan

Κυρίες και κύριοι  -  Ο ρόλος του ΕΜΣ είναι να διαφυλάξει τη χρηματοπιστωτική σταθερότητα της ζώνης του ευρώ. Επίσης, η έρευνα του Ινστιτούτου Διεθνών Νομισματικών Θεμάτων - και η συζήτηση που καλλιεργεί - συμβάλλουν στη σταθερότητα της περιοχής σας. Αυτός είναι ο λόγος για τον οποίο ευχαρίστως αποδέχθηκα την πρόσκληση να μιλήσω εδώ σήμερα.

Eurogroup - Απαιτούνται εθνικές διαδικασίες για την έγκριση εκταμίευσης ύψους 5,7 δισ. ευρώ - Διεργασίες για μέτρα ελάφρυνσης του χρέους ..

Δελτίο Τύπου -  Παρατηρήσεις του κ. Centeno μετά τη συνεδρίαση της Ευρωομάδας της 19ης Φεβρουαρίου 2018

Καλό απόγευμα. Οι υπουργοί οικονομικών της ζώνης του ευρώ είχαν σήμερα 3 συναντήσεις. Ξεκινήσαμε με την τακτική Ευρωομάδα, πρώτα με το Διοικητικό Συμβούλιο του ΕΣΜ και, τέλος, συζητήσαμε για την τραπεζική ένωση, συμπεριλαμβανομένων των μελών εκτός της ζώνης του ευρώ.

Η αλληλεγγύη της ΕΕ στην πράξη - 1,3 εκατ. ευρώ στην Ελλάδα για τις καταστροφές στη Λέσβο ..

Δελτίο Τύπου - Ευρωπαϊκή Επιτροπή -  Η αλληλεγγύη της ΕΕ στην πράξη: η Επιτροπή προσφέρει οικονομική ενίσχυση στη Γαλλία, την Ελλάδα, την Ισπανία και την Πορτογαλία μετά από φυσικές καταστροφές  - Βρυξέλλες, 15 Φεβρουαρίου 2018

Η Επιτροπή προτείνει σήμερα να προσφέρει 104 εκατ. ευρώ από το Ταμείο Αλληλεγγύης σε τέσσερα κράτη μέλη της ΕΕ που επλήγησαν από θεομηνίες κατά το 2017.

Ευρώπη - Προϋπολογισμός 150 δισ. ευρώ για ένα ολοκληρωμένο σύστημα διαχείρισης των συνόρων της ΕΕ. ..-

Δελτίο Τύπου - Ευρωπαϊκή Επιτροπή - Ο μακροπρόθεσμος προϋπολογισμός της ΕΕ μετά το 2020: η Ευρωπαϊκή Επιτροπή παρουσιάζει διάφορες επιλογές και τις επιπτώσεις τους - Βρυξέλλες, 14 Φεβρουαρίου 2018

Ενόψει της άτυπης συνόδου των ηγετών στις 23 Φεβρουαρίου 2018, η Ευρωπαϊκή Επιτροπή παρουσιάζει σήμερα διάφορες επιλογές - και τις δημοσιονομικές τους επιπτώσεις - για έναν νέο και σύγχρονο μακροπρόθεσμο προϋπολογισμό της ΕΕ, που θα ανταποκρίνεται αποτελεσματικά στις προτεραιότητές της μετά το 2020.

EU Economy - Employment in the EU reached the highest level ever recorded ..

NEWS Release - Brussels, 12 February 2018 - Commission report: Employment and social situation in the EU continues to improve

Backed by a robust economic growth, employment in the EU continued to rise more strongly than expected in the third quarter of 2017, while unemployment figures declined further according to the latest Quarterly Review on Employment and Social Developments in Europe.

EU Economy - Strong Growth - The euro area and EU economies are both estimated to have grown by 2.4% in 2017..

European Commission - Press release  - 07/02/2018 - Winter 2018 Interim Economic Forecast: A solid and lasting expansion  - Brussels, 7 February 2018

Growth rates for the euro area and the EU beat expectations last year as the transition from economic recovery to expansion continues. The euro area and EU economies are both estimated to have grown by 2.4% in 2017, the fastest pace in a decade.

European Banking Sector - EBA launches 2018 EU - wide stress test exercise ..

Press Release - 31 January 2018 - EBA launches 2018 EU-wide stress test exercise

The European Banking Authority (EBA) launched today its 2018 EU-wide stress test and released the macroeconomic scenarios. The adverse scenario implies a deviation of EU GDP from its baseline level by 8.3% in 2020, resulting in the most severe scenario to date. The EBA expects to publish the results of the exercise by 2 November 2018.

EU Economy - Euro area unemployment at 8.7% ..- Eurostat

Press Release - 22/2018 - 31 January 2018 - December 2017 Euro area unemployment at 8.7% EU28 at 7.3% 

The euro area (EA19) seasonally-adjusted unemployment rate was 8.7% in December 2017, stable compared to November 2017 and down from 9.7% in December 2016. This remains the lowest rate recorded in the euro area since January 2009. 

EU Economy - After years of crises, it's now time to take Europe's future into our own hands ..- President Jean-Claude Juncker

Press Release  - Commission sets out Roadmap for deepening Europe's Economic and Monetary Union - Brussels, 6 December 2017

With a Roadmap for action and several concrete measures, the European Commission is delivering today on the commitment made by President Jean-Claude Juncker in his 2017 State of the Union address and the Five Presidents' Report of 2015 to deepen Europe's Economic and Monetary Union.

Short-term debt relief measures for Greece - The scheme is expected to be neutral for Greek banks and needed their consent for implementation.. - ESM

Press Release - 04/12/2017 -  Explainer on ESM short-term debt relief measures for Greece

Short-term debt relief measures for Greece: explainer

1 When was it decided that Greece would receive short-term debt relief measures?

In its statement of 25 May 2016, the Eurogroup mandated the ESM to work on a first set of debt relief measures, referred to as short-term measures. The ministers said that these measures would be implemented after the closure of the first review and before the end of the current ESM programme (the third programme). On 5 December 2016, the ESM presented detailed plans for the short-term measures to the Eurogroup.

EU Economy - Economic growth is accelerating strongly - But ,Several Member States continue to shoulder high levels of public debt ..-

European Commission - Press release - European Semester Autumn Package: Striving for sustainable and inclusive growth - Brussels, 22 November 2017

Commission sets out EU's economic and social priorities for the year ahead, gives policy recommendation for the euro area and completes the assessment of euro area Member States' Draft Budgetary Plans.

The 2018 European Semester cycle of economic, fiscal and social policy coordination starts against the backdrop of robust economic activity in the euro area and the EU, record high employment levels and unemployment rates declining towards pre-crisis levels. 

EU Economy - The European Commission expects growth to continue in both the euro area and in the EU at 2.1% in 2018 and at 1.9% in 2019..

Press Release - European Commission - Autumn 2017 Economic Forecast: continued growth in a changing policy context  -  Brussels, 9 November 2017

The euro area economy is on track to grow at its fastest pace in a decade this year, with real GDP growth forecast at 2.2%. This is substantially higher than expected in spring (1.7%). The EU economy as a whole is also set to beat expectations with robust growth of 2.3% this year (up from 1.9% in spring).

EU Economy - The banking sector is in a much better shape and that is very good news .. - J.Dijsselbloem

Press Release - Remarks by J.Dijsselbloem following the Eurogroup meeting of 6 November 2017

Good evening everyone and welcome to the Eurogroup press conference.  - Today we held a regular Eurogroup on a number of topics, but also a second part of the meeting was in an inclusive format. 27 ministers were in the room to prepare the Euro Summit of December. As you know, President Tusk invited also 27 heads of governments and states to the Eurozone Summit of December.

EU - The ESM will aim for a regular presence in the dollar market - The euro will remain the ESM’s main funding currency..

Press Release - 24/10/2017 - ESM debuts in dollar market, raises $3 billion

THIS ANNOUNCEMENT RELATES TO AN OFFERING OF SECURITIES OFFERED AND SOLD PURSUANT TO RULE 144A AND/OR REGULATION S UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), AND IS ONLY DIRECTED AT QUALIFIED INSTITUTIONAL BUYERS UNDER RULE 144A OR PERSONS OTHER THAN U.S. PERSONS (AS DEFINED IN REGULATION S UNDER THE SECURITIES ACT) TO WHOM THE DISTRIBUTION OF THIS INFORMATION, WHETHER DIRECTLY OR INDIRECTLY, IS NOT UNLAWFUL.

EU Economy - In the euro area the government deficit to GDP ratio fell from 2.1% in 2015 to 1.5% in 2016 ..- Eurostat

Press Release - Provision of deficit and debt data for 2016 - second notification Euro area and EU28 government deficit at 1.5% and 1.7% of GDP respectively Government debt at 88.9% and 83.2% 

In 2016, the government deficit and debt of both the euro area (EA19) and the EU28 decreased in relative terms compared with 2015. In the euro area the government deficit to GDP ratio fell from 2.1% in 2015 to 1.5% in 2016, and in the EU28 from 2.4% to 1.7%. In the euro area the government debt to GDP ratio declined from 89.9% at the end of 2015 to 88.9% at the end of 2016, and in the EU28 from 84.5% to 83.2%.

We are not starting from scratch - In 2012, Greece already received unparalleled debt relief from both private and official creditors ..- Klaus Regling - ESM

NEWS Release - Klaus Regling's remarks at Eurogroup press conference - 23/05/2017

There was progress, and I think it’s really good for the Greek economy that there was agreement on the policy package because this can put Greece on a stronger growth path. And that was appreciated by all ministers.