Friday March 27, 2015 Search
Weather | Athens
14o C
09o 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)  
Bank accounts continue to bleed
Hania and Athens are the top picks for Easter visitors
Landlords to pay tax on unpaid rent
Air arrivals grow 20 pct in Jan-Feb 2015
Defense minister Kammenos sues commentator for 1 mln euros
Defense Minister Panos Kammenos has sued commentator Andreas Petroulakis for 1 million euros in damages over a critical article posted on the Protagon website on March 17. In a statement pos...
Reform talks move to Brussels
The Brussels Group, technical teams from Greece and its lenders, is on Saturday due to begin discussing the details of Athens reform proposals, which were completed Friday and will determine...
Inside News
SOCCER
Greek federation backs injured Holebas
The Greek soccer federation on Friday insisted that international defender Jose Holebas had been dropped from team training in Austria because of injury and not for any other reason. Media r...
SOCCER
AEK docked three points for fan violence
Greek second-division side AEK Athens on Friday was deducted three points by the Greek football federation for a pitch invasion by its fans earlier this month. The disciplinary committee of ...
Inside Sports
COMMENTARY
Time to get moving
More than two months have passed since the elections and the government has to stop running around in circles and adopt a program of specific reforms, with detailed calculations as to their ...
EDITORIAL
The same old story
One of those infamously bad practices that the political system has been accused of for years is being propagated by the new government today, as it is appointing party cadres and politician...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Bank accounts continue to bleed
2. Hania and Athens are the top picks for Easter visitors
3. Landlords to pay tax on unpaid rent
4. Air arrivals grow 20 pct in Jan-Feb 2015
5. Cash injection from state debtors
6. Defense minister Kammenos sues commentator for 1 mln euros
more news
Today
This Week
1. Greek future as trade hub in limbo amid Syriza split on railways
2. Greek gov't denies finance minister Varoufakis to resign [Update]
3. Bundesbank's Weidmann says euro zone debt in 'danger zone,' opposes more aid for Greece
4. New Democracy's political council convenes to decide line opposite gov't
5. Clocks go forward one hour on Sunday
6. Berlin says has no exact information about Greek reforms
Today
This Week
1. Next Monday is D-Day for state funds
2. Total victory is unattainable
3. EU asks Greece for more reforms to speed talks on bailout
4. PM faces Merkel amid race to detail reforms
5. Some more equal than others
6. New book by ex-US diplomat delves deeper into the recesses of Greek terrorism
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.