Massive non-performing loans (NPLs) have led to the collapse of the banking system in many transition countries. China’s banking system faced the same problem in the process of transition. The Asian financial crisis aggravated and exposed these problems. Indicators such as capital adequacy ratio (CAR) and NPLs of China’s banking sector worsened substantially...IMF

News Release -  Michel Camdessus Central Banking Lecture  Managing Multi-Objective Monetary Policy: From the Perspective of Transitioning Chinese EconomyBy ZHOU Xiaochuan - Washington D.C., June 24, 2016

Commissioner Lord Hill resigned from the European Commission ..

Press Release - Brussels, 25 June 2016 - European Commission - Statement

Statement on the Decision of Commissioner Lord Hill to resign from the European Commission and on the transfer of the Financial Services portfolio to Vice-President Valdis Dombrovskis

Commissioner Lord Hill, responsible for Financial Stability, Financial Services and the Capital Markets Union, has informed European Commission President Juncker of his decision to resign from his post as European Commissioner.

O επιχειρηματικός κόσμος θεωρεί κάτι παραπάνω από αναγκαία την ανάληψη άμεσων αναπτυξιακών πρωτοβουλιών για να γυρίσει η χώρα σελίδα και να εισέλθει μία ώρα αρχύτερα στην κανονικότητα της ανάκαμψης. Είναι αδήριτη ανάγκη να υιοθετηθεί ένα πρόγραμμα με μέτρα αναπτυξιακού χαρακτήρα, ώστε να μετριασθούν οι υφεσιακές επιπτώσεις των μέτρων υπερφορολόγησης της ιδιωτικής οικονομίας, που κακώς υιοθετήθηκαν και εφαρμόζονται.. - ΣΕΒ

Απόσπασμα από το Εβδομαδιαίο δελτίο για την Ελληνική οικονομία .. από τον ΣΕΒ

Αίσιο τέλος στην αβεβαιότητα της χρηματοδότησης!

On Wednesday the 27 Heads of State or Government will meet informally to discuss the political and practical implications of 'Brexit'. First of all, we will discuss the so called 'divorce process' as described in Art. 50 of the Treaty. And secondly, we will start a discussion on the future of the European Union with 27 Member States... President Donald Tusk

NEWS Release -  Invitation letter by President Donald Tusk to the members of the European Council

Inevitably, there will be a period of uncertainty and adjustment following this result. - Moreover, as a backstop, and to support the functioning of markets, the Bank of England stands ready to provide more than £250bn of additional funds through its normal facilities. ..- Bank of England

Press Release   -  Statement from the Governor of the Bank of England following the EU referendum result

The people of the United Kingdom have voted to leave the European Union.

The European Commission takes note of the outcome of the UK Referendum. Proceedings under Article 50 of the Treaty on European Union will have to be launched - .The terms of the UK Settlement agreed at the European Council of 18-19 February 2016 have ceased to exist.. - EU

NEWS Release -  Brussels, 24 June 2016 - European Commission - Fact Sheet  -  UK Referendum on Membership of the European Union: Questions & Answers

The European Commission takes note of the outcome of the UK Referendum.