Friday October 24, 2014 Search
Weather | Athens
19o C
12o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
ECB could cut rates further, IMF's Lagarde tells newspaper

The European Central Bank has room to cut interest rates, International Monetary Fund Managing Director Christine Lagarde said in a newspaper interview, while denying the fund had opened aid talks with Spain.

"Growth can be spurred by monetary policy, such as the LTRO we have already seen the ECB use. It is also evident that there is room for another interest rate cut,» she was quoted as saying by Swedish daily Svenska Dagbladet on Tuesday.

Two rounds of cheap three-year loans under the ECB's long-term refinancing operation helped stave off a credit crunch and boost market confidence, at least temporarily, at the end of last year and in early 2012.

The worsening economic backdrop since then has fueled speculation the ECB might cut rates at Wednesday's meeting, though 62 out of 73 analysts in a Reuters poll said they expected the bank to keep borrowing unchanged at 1 percent.

With Greece, Ireland and Portugal all under international bailout programs, financial markets have grown increasingly anxious about the risk that Spain, mired in a deepening banking crisis, could be forced to do likewise.

Sources say Spain's Prime Minister Mariano Rajoy is pressing for a direct European rescue for the lenders with moral support from the European Commission, but Germany is reluctant. Media reports say Berlin is instead pressing Madrid to request a full bailout.

Lagarde told the newspaper the IMF was not in any talks with Spain over an aid program.

"We are absolutely not doing that. Spain has done much. They have shown political courage and carried out a string of reforms and austerity,» she was quoted. [Reuters]

ekathimerini.com , Tuesday June 5, 2012 (10:15)  
Tax revenues up by 1 bln euros in 2nd quarter, public sector wages down
ECB bank assessment to show 6-billion-euro capital gap, Citi says
EU says Turkey´s energy hunt off Cyprus is a a ´serious concern´
ECB vies for third time lucky in European stress tests
Heavy rainfall, strong winds cause problems in Attica and beyond
Heavy rainfall and strong winds led to traffic problems and short power outages on Friday as well as flooding dozens of ground-floor and basement homes and stores. The fire service received ...
Greek private workers´ union calls 24-hour strike for November 27
The country's umbrella union representing workers in the private sector, known by its Greek acronym GSEE, on Friday called a 24-hour strike for November 27 to protest austerity measures bein...
Inside News
SOCCER
Panathinaikos snatches point at Eindhoven
Panathinaikos offered its fans a glimpse of its glorious past in European competitions snatching a draw at PSV Eindhoven, on an otherwise bad night for Greek soccer in the Europa League, as ...
BASKETBALL
Greens succumb to first loss at Bayern
Panathinaikos’s unbeaten run in all competitions came an end on Thursday as the Greek champion lost 81-75 at Bayern Munich for the Euroleague. Bayern is a team that improves every year, and ...
Inside Sports
COMMENTARY
Tension for tension’s sake?
It is evident that Turkish President Recep Tayyip Erdogan feeds off tension. He would barely have achieved as much as he has – and prevailed – if he had not been so keen to confront a series...
EDITORIAL
Testing ground
The Regional Authority of Attica is a good testing ground for politicians who appear to thrive on accusations to prove whether they can actually solve major problems of a practical nature. T...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Heavy rainfall, strong winds cause problems in Attica and beyond
2. Tax revenues up by 1 bln euros in 2nd quarter, public sector wages down
3. ECB bank assessment to show 6-billion-euro capital gap, Citi says
4. EU says Turkey´s energy hunt off Cyprus is a a ´serious concern´
5. Greek private workers´ union calls 24-hour strike for November 27
6. Finance Minister appeals for support for amendments ahead of vote
more news
Today
This Week
1. Woman killed in tram accident in Floisvo, south of Athens
2. ECB vies for third time lucky in European stress tests
3. Clocks to go back 1 hour on Sunday
4. Venizelos slams Turkey for 'flagrant violation of international law' off Cyprus
5. Cyprus GDP upgrade seen as boosting bailout exit plans
6. ECB bank assessment to show 6-billion-euro capital gap, Citi says
Today
This Week
1. The past, present and future of the Greek debt crisis
2. Greece’s closed society is central to its current malaise
3. Coalition shooting itself in the foot
4. Greece must stick to reforms, says Schaeuble
5. At least 11 banks to fail European stress tests, three in Greece, report says
6. Cyprus to block Turkey's EU talks after EEZ violation
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.