emg home
Magneti Marelli to build factory in Kragujevac Cutting spending the password in Europe Financial Times: Eastern states keep faith in euro Serbian President received credentials of B-H and Iranian ambassadors Giffoni confirms EU's neutral stance on Kosovo status New EIDHR 2010 competition for the Serbian civil society organisations Serbia to get “black spot” register in July Pristina announced "second phase against Serbian mobile operators" China, FYRMacedonia to further military ties Bulgarian PM Borissov pays official visit to Italy Romania: VAT and flat tax hikes would have been more useful Montenegro: Djukanovic coalition wins in local elections Philippi, Thassos Museums reopen Greece: Troika demands acceleration of reforms Al Jazeera launches regional tv channel in BiH Albanian opposition expected to return to parliament, new meeting of Leaders in three weeks Croatia introduces E-health system Two criminal groups broken in action "Kozdaga" NBS intervenes anew as dinar hits new low Miroslav Miskovic in talks to sell Delta Maxi to Delhaize Serbian PM to pay official visit to Slovenia Tadic will meet with Silajdzic in Belgrade on Tuesday European Union grants €174 million for National Programme for Serbia Economists of Tatarstan interested in business cooperation with Serbia Djelic, Degert to sign financial agreement in Nis Dacic to meet with Vice President of German Federal Criminal Police Office International conference on car industry to be heldInternational conference on car industry to be held

News Archive

ECB holds meeting amid Greek crisis

07. May 2010. | 06:55

Source: ANA

Economic recovery in the eurozone will be slow in 2010, while uncertainty still remains, said European Central Bank President Jean-Claude Trichet.

The violent demonstrations held in Athens have spooked world markets.

The board of the European Central Bank, which kept interest rates intact, met in Lisbon. All eyes have been fixed on the Press conference the ECB head is to give. Fears that the crisis could spread to Spain and Portugal are mounting.

Economic recovery in the eurozone will be slow in 2010, while uncertainty still remains, said European Central Bank President Jean-Claude Trichet.

The current interest rates are appropriate, added he, highlighting the absence of a long-term inflation danger.

Default is not an issue for Greece, estimated the ECB chief.

EU Commissioner for Monetary Affairs Olli Rehn underlined the need to put out the fire broken out in Greece before "spreading to the woods." He also unveiled the EU spring economic predictions.

The improvement of this year's growth rates is a good news for the EU, said Olli Rehn, urging, however, the EU nations to remain on standby.

According to the European Commission, recession in Greece will stand at 4% of GDP in 2010 and at 2.6% in 2011.

However, the EU Commissioner argued that the Greek economy will start recovering the last quarter of 2011.

Touching on the support mechanism, Olli Rehn stressed that Greece will manage to return to the world markets in 18 months' time.

Asked whether the financial crisis in Greece could spread to other eurozone nations, including Spain and Portugal, Olli Rehn said that Greece is a unique case and that no other country has ever submitted false figures


My Web

Enter text:


24. May - 30. May 2010.