Euro area investors significantly stepped up their purchases of foreign debt securities from mid-2014 – when the ECB embarked on comprehensive credit easing measures – to levels not seen since the outbreak of the global financial crisis...ECB

2 May 2016                                 ECONOMIC BULLETIN

 Rebalancing in euro area portfolio investment flows

This box describes recent developments in the portfolio investment flows of the euro area financial account. During 2015 the euro area’s current account surplus was mainly mirrored by net portfolio investment outflows in the financial account of the balance of payments.

Several times in the past, the ECB faced the risk of inflation remaining high for too long in an environment of expansionary economic policies. Did we wait for other authorities to take measures before raising interest rates? No, and rightly so. Similar considerations apply to the current environment. At present, inflation in the euro area is around 0% and is expected to remain low for a considerable period of time...Benoît Cœuré....ECB

People are not only savers

Contribution from Benoît Cœuré, Member of the Executive Board of the ECB, for the Frankfurter Allgemeine Sonntagszeitung, 1 May 2016

Greece has seen a reduction in health spending of more than a third in real terms since 2009.... research OECD

Health policy in Greece

The health system underwent significant cuts in public spending

Between 2009 and 2013, public spending on health fell by EUR 5.2 billion – representing a 32% drop in real-terms. 

This reduction clearly represents a shock for the system to adsorb, even though it is clear that there were inefficiencies in the Greek system (for example, inappropriate prescribing, weak primary care, imbalances in the mix of health professionals). A whole series of changes to entitlement, benefits and user charges as well as structural reforms have left all sectors of the Greek health system affected.

Η υποχώρηση του δείκτη Ifo στη Γερμανία τον Απρίλιο στο 106,6 από 106,7 τον Μάρτιο εντείνει την νευρικότητα των επενδυτών και οδηγεί σε ρευστοποιήσεις. Η αυξημένη πιθανότητα νέας εκλογικής αναμέτρησης τον Ιούνιο στην Ισπανία, αποτελεί έναν επιπλέον λόγο για να πιεσθούν οι τιμές των ομολόγων, κυρίως στην περιφέρεια της Ευρωζώνης...ALPHA BANK

Απόσπασμα από το Εβδομαδιαίο Δελτίο Οικονομικών Εξελίξεων - Διεύθυνση Οικονομικών Μελετών...ALPHA BANK

Αγορές ομολόγων – Η πορεία του προγράμματος QE της ΕΚΤ

Αναπροσαρμογή του μεγέθους συμβολαίου των παραγώγων προϊόντων «Συμβόλαια Μελλοντικής Εκπλήρωσης» και «Δικαιώματα Προαίρεσης»...του Δείκτη FTSE/ATHEX Large Cap ..Χ.Α.Α.

28/04/2016                                             Δελτίο Τύπου

Διοικούσα Επιτροπή Χρηματιστηριακών Αγορών

I believe that Germany should be bolder with regard to completing the banking union. Completing the banking union in the near future is essential for a better-functioning monetary union. There are imbalances in the project that can’t be resolved overnight, but it also can’t take too many years...Peter Praet..ECB

Interview with Expansión

Interview with Peter Praet, Member of the Executive Board of the ECB,

conducted by Daniel Badía González and Agustín Monzón Peña, on 25 April 2016 and published on 29 April 2016.