ECB to approve Greek banks’ dividend demand
The European Central Bank is expected to approve a request by Greek banks to resume the payment of dividends after 16 years, four bankers told Reuters on Wednesday, a further sign of the sector’s rebound.
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ECB to approve Greek banks’ dividend demand -
ECB: Greeks 22,5% Poorer Compared to 2009
ECB: Greeks 22,5% Poorer Compared to 2009
A positive reversal was recorded after the end of the COVID pandemic lockdowns as Greek households witnessed a substantial rise in wealth to €798.8 billion in the 2nd quarter of 2023, with property largely accounting for the wealth uptick
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ECB’s head Christine Lagarde praises Greek economy’s return to pre-Covid levels
ECB's head Christine Lagarde praises Greek economy's return to pre-Covid levels
Referring to the Greek economy and Greek state bonds in particular, the ECB's president noted that these were now eligible to participate in ECB's repurchase programmes - which have been frozen - with the exception of the PEP programme in which Greek bonds participated already. The board meeting did not discuss the future of the programme, she noted.
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ECB’s Lagarde in Athens: Greek economy and people an example of resilience
ECB's Lagarde in Athens: Greek economy and people an example of resilience
From 2008 to 2016, the ECB head said, Greece's GDP shrank by over a quarter, unemployment rose by 20 percentage points at its apex, and catastrophe hit again with the coronavirus pandemic just as the economy was starting to recover and reforms give results. Greece has been at the forefront of global challenges that Europe faces, including climate crisis and the migration crisis, she also added.
