A widely shared video of European Central Bank President Christine Lagarde admitting that a digital euro will be used in a “limited” way to control the payments that people can make was taken from a three-week-old prank video. The video was highlighted by the breaking news account Watcher Guru on April 6 and generated a significant amount of social media chatter. In it, Lagarde cited a desire... 

EU forced to admit that price hikes are not as temporary and benign as previously said. Inflation across the Eurozone surged to 5.1% in January from 5% in the previous month, despite optimistic expectations for a sharp drop to 4.4%, data from Eurostat showed on Wednesday. Inflation is now more than twice the ECB’s 2% target. The latest growth reportedly reflects the hottest rate of inflation across... 

The Greek Finance Ministry says it is has started payment of €6.8 billion to creditors after last week’s €86 billion bailout deal was adopted. Banks in Greece have reopened three weeks after the introduction of capital controls. The payments announced on Monday include money owed to the ECB, the IMF and Greece’s central bank, a Finance Ministry official told Bloomberg, who preferred to stay... 

Greek Prime Minister Alexis Tsipras is ready to accept almost all the conditions proposed by the country’s international creditors at the weekend, marking the latest attempt to keep Greece in the eurozone. The prime minister said he would accept all of the terms proposed with just minor exceptions. He agreed to the changes in the country’s value added tax system but asked to keep a special 30... 

Athens is likely to leave the eurozone and the EU if it fails to reach an agreement to unlock a €7.2 billion bailout installment, said a statement from the Bank of Greece. “Failure to reach an agreement would, …, mark the beginning of a painful course that would lead initially to a Greek default and ultimately to the country’s exit from the euro area and – most likely – from the... 

Economist Martin Armstrong claims there is a “secret meeting to end cash” set to take place in London before the end of the month involving representatives from the ECB and the Federal Reserve. Armstrong, who is known for successfully predicting the 1987 Black Monday crash as well as the 1998 Russian financial collapse, expressed his shock that no news outlet has reported on this upcoming conference. “I... 

A new report shows that the economy of Greece under SYRIZA has slipped back into recession after having contracted by 0.2 percent during the first quarter of the current year. The report was released by the national statistics agency, ELSTAT, on Wednesday, showing the second consecutive quarterly fall in Greece’s national output, after it had grown for most of 2014, AFP reported. The downturn, the... 

Moody’s rating agency downgrades Greece’s debt to junk. Moody’s rating agency has downgraded Greece’s credit rating further into junk territory over growing uncertainty about the country’s ability to make its debt payments. On Thursday, Moody’s slashed Athens’ rating to Caa2 from Caa1 and assigned it a “negative” outlook. The rating is just two steps away from the level signaling... 

The communist Syria party mislead Greeks to falsely believe that Greece will exit the EU if elected but now, only 3 months later after they were elected into office, Syriza Prime Minister Alexis Tsipras says his government’s main goal is to remain in the Eurozone and find an all-European solution to the country’s financial problems, Alexis Tsipras said Thursday. Speculations about Greece’s possible... 

Following a governing council meeting of the European Central Bank it was announced that quantitative easing will begin in the eurozone from next Monday. In a desperate move to stimulate the euro, the currency used by 19 EU countries, the ECB will print money to buy €60bn worth of bonds each month. The bank has raised its eurozone economic growth forecast for this year from 1% to 1.5% but ECB President,... 

The euro has dived to its lowest level against the dollar in 11.5 years after the European Central Bank (ECB) announced a new stimulus program. On Friday, the euro dropped to USD 1.0963 in currency trade markets, marking the lowest level since September 2003. The record low came a day after a meeting by the ECB governing board in the Cyprus capital Nicosia, during which the central bank announced... 

The German government insists it wants Greece to stay in the eurozone and isn’t drafting any contingency plans in case of ‘Grexit’. This shows Germany is adamant about keeping Greece under the domination of the ‘troika’, journalist Ernst Wolff told RT. “The goal of the German government, the European Union and even the government in Athens itself is to keep Greece in the euro zone,”... 

German police used pepper spray and clashed with anti-EU protesters, who stormed and vandalized the new European Central Bank building, which is under construction now in central Frankfurt. Calling themselves Blockupy, thousands of activists gathered in the city center on Saturday and marched to the goal of their protest, the new ECB office, which is to be inaugurated next March. The cost of the new... 

Italian police have used tear gas and water cannon to disperse thousands of anti-austerity protesters in Naples, where the European Central Bank (ECB) was holding a monthly policy meeting. An estimated 4,000 anti-austerity demonstrators took to the streets of Naples on Thursday, carrying placards with caricatures of German Chancellor Angela Merkel amid tight security in the whereabouts of the ECB... 

Official data shows Greece’s unemployment rate rose to a new record high in July as the country continues to grapple with a recession-hit economy following the implementation of tough austerity measures. The Greek Statistical Authority said on Thursday that the jobless rate rose to 27.9 percent in July from 27.6 percent in June, marking a sharp rise compared to last year when the jobless rate stood...