Sunday

20th Aug 2017

Ticker

ECB earns profit from Greek loans

The European Central Bank said Thursday that its net profit rose to €1.4bn last year, including €437 million from the holdings of Greek sovereign debt. "The financial result for 2013 reflects the monetary policy stance as well as our commitment to an efficient use of resources," said ECB chief Draghi.

Brexit realities dawn in UK

Just over a year after a small majority voted for Britain to leave the EU, new realities are dawning on both the in and the out camps.

News in Brief

  1. Macedonia sacks top prosecutor over wiretap scandal
  2. ECB concerned stronger euro could derail economic recovery
  3. Mixed Irish reactions to post-Brexit border proposal
  4. European Union returns to 2 percent growth
  5. Russian power most feared in Europe
  6. Ireland continues to refuse €13 billion in back taxes from Apple
  7. UK unemployment lowest since 1975
  8. Europe facing 'explosive cocktail' in its backyard, report warns

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