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Then, in March 2012, the Greek government did finally default on parts of its debt - as there was a new law passed by the government so that private holders of Greek government bonds (banks, insurers and investment funds) would "voluntarily" accept a bond swap with a 53.5% nominal write-off, partly in short-term EFSF notes, partly in new Greek ...
In 2020 the European Investment Bank Group has offered loans to more than 100 countries, financed vaccines, diagnostics and treatments and invested €1.7 billion to help the Western Balkan countries recover from the COVID-19 pandemic [79] [80] It also expanded its partnership with the United Nations Development Programme and increased ...
Corona bonds were discussed on 26 March 2020 in a European Council meeting, but Germany and the Netherlands ruled out issuing such bonds. [34] [35] European Central Bank head Christine Lagarde, who plans (separately) to buy more than 1 trillion euros in bonds in response to coronavirus, urged the EU to consider issuing corona bonds. [35]
30 November – The European Central Bank, the U.S. Federal Reserve Federal Reserve, the central banks of Canada, Japan, Britain and the Swiss National Bank provide global financial markets with additional liquidity to ward off the debt crisis and to support the real economy. The central banks agree to provide each other with abundant liquidity ...
Country Issuer Bond Type Currency Australia Office of Financial Management Treasury Indexed Bonds (TIBs) AUD ($) Canada Bank of Canada Marketable Bonds
fi-compass [10] is an advisory service platform provided by the European Commission [11] [12] in collaboration with the European Investment Bank Group. It offers access to publications, learning tools, and tailored advisory services related to financial instruments under the EU shared management funds.
The EUA was used for Lomé Convention and European Investment Bank operations before being gradually introduced into other sectors of Community activity. [ 2 ] The EUA basket was designed to have the same value in mid-1974 as the IMF special drawing rights basket, both worth US$1.20635; they immediately moved apart in value.
Wim Duisenberg, first President of the ECB. The European Central Bank is the de facto successor of the European Monetary Institute (EMI). [7] The EMI was established at the start of the second stage of the EU's Economic and Monetary Union (EMU) to handle the transitional issues of states adopting the euro and prepare for the creation of the ECB and European System of Central Banks (ESCB). [7]