Greece plans to repay Eurozone's bailout loans whole decade in advance

4 min read ECB, eurozone, GLF, IMF, Lagarde, OECD, Pierrakakis, Tsipras, Varoufakis, Balkan countries, Economy, EU, Greece, News by country

Greece has announced plans to repay its first bailout loans a decade ahead of schedule, in a move that officials say underscores the country’s economic recovery and new fiscal credibility. The repayment strategy would see Greece pay off the remaining EUR 31bn of its initial EUR 53bn in bailout

CEE countries register EU's highest, lowest inflation

2 min read Austria, Croatia, Economy, Estonia, Lithuania, Romania, ECB, EIU, Eurostat, Lagarde

Lithuania had the lowest annual inflation rate of 0.4% in the EU in March 2024, EU official statistics office Eurostat reports. The EU’s highest inflation rates were also recorded in Central and Eastern Europe (CEE) countries, with the steepest price increases in Romania (6.7%), Croatia (4.9%

ECB steadies borrowing costs after year of hikes

1 min read Economy, ECB, Lagarde

The European Central Bank (ECB) left interest rates unchanged this week for the first time in over a year. Thursday was the bank’s first meeting with no change after increases back to July 2022 that pushed the ECB interest rate to a high of 4%. As inflation falls, the