Tuesday September 16, 2014 Search
Weather | Athens
28o C
21o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
ECB would buy assets should inflation worsen

European Central Bank Vice President Vitor Constancio signaled that large-scale asset purchases are the next step policy makers are prepared to take if the inflation outlook worsens.

How would the ECB react, should the risks of a protracted period of low inflation materialize? Constancio asked in a speech in Athens on Thursday. The ECB stands ready to deploy additional unconventional instruments, should the likelihood of this scenario increase. The policy response would involve a broad-based asset-purchase program.

ECB President Mario Draghi unveiled a package of measures on June 5 to shield the euro area from deflation and rekindle growth that includes targeted loans to banks and a negative deposit rate. The 18-nation economy is struggling to sustain a recovery amid weak credit growth, high unemployment and inflation at about a quarter of the ECBs goal.

Bundesbank board member Andreas Dombret, in an interview with Bloomberg Television on Friday, urged banks to drive the revival of Europes market for asset-backed securities. Policymakers have identified that asset class as vital for a revival of lending to companies and households, with Draghi holding out the prospect of ECB purchases of ABS later this year.

The ECB has left no doubts about its resolve to avoid any downward turn in the euro area inflation developments, because such developments would be extremely harmful, Constancio said in the speech that was interrupted by protesting Greek bondholders who suffered losses in the countrys debt restructuring in 2012. [Bloomberg]

ekathimerini.com , Friday June 20, 2014 (20:20)  
Pension review has saved state 42 mln euros, alternate finance minister says
ECBs Liikanen says bank ready to take more action if necessary
Job creation is mostly seasonal
Primary surplus at 2.3 bln euros in end-August
Golden Dawn candidate found guilty of inciting racist violence
An Athens court on Tuesday served Golden Dawn parliamentary candidate Alexandros Plomaritis a one-year suspended sentence for inciting racist violence. The trial against Plomaritis was based...
PM to inaugurate new surgery wing at Evangelismos Hospital
Prime Minister Antonis Samaras is due on Tuesday to inaugurate the new surgery wing of the Greek capital's Evangelismos Hospital, built with funding from the National Bank of Greece. The new...
Inside News
SOCCER
Olympiakos, Atletico gear up for Champions League opener
A rousing 2-1 La Liga victory at Real Madrid on Saturday may suggest otherwise, but Atletico Madrid is still rebuilding after losing several key players in the close season, coach Diego Sime...
WATER POLO
Greece wins womens U19 Europeans in water polo
Greece won the womens European Under-19 Championship in Italy beating the host in Sundays final, for what was the countrys second gold medal in the competitions history. The Greek teenag...
Inside Sports
COMMENTARY
Lessons not learned
One year since the assassination of rapper Pavlos Fyssas by a member of Golden Dawn in Keratsini, southwestern Athens, we now know a lot more about the activity of the neo-Nazi partys hit s...
EDITORIAL
Promises, promises
Main opposition SYRIZA leader Alexis Tsipras was given the opportunity to set himself apart from his predecessors and their catastrophic practices during his recent appearance at the Thessal...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Pension review has saved state 42 mln euros, alternate finance minister says
2. Golden Dawn candidate found guilty of inciting racist violence
3. Olympiakos, Atletico gear up for Champions League opener
4. PM to inaugurate new surgery wing at Evangelismos Hospital
5. ECBs Liikanen says bank ready to take more action if necessary
6. Thessaloniki woman arrested for cashing in dead aunts pension
more news
Today
This Week
1. Greece at bottom of social justice scale among EU28
2. Lessons not learned
3. Promises, promises
4. Thessaloniki woman arrested for cashing in dead aunt's pension
5. ECB's Liikanen says bank ready to take more action if necessary
6. PM to inaugurate new surgery wing at Evangelismos Hospital
Today
This Week
1. A Greek God
2. Greece on standby
3. Avramopoulos appointed Commissioner for Migration and Home Affairs
4. Central Athens traffic restrictions back in force on Monday
5. Pavlos Fyssas murder trial expected to start before the end of the year
6. EU bank tests may miss trillion dollar risk, study finds
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2014, H KAΘHMEPINH All Rights Reserved.