Today : Sunday - Apr 20, 2014, 04:18pm (GMT+5.5)
All News  
Top News
National News
International News
Business News
Sports News
   » Cricket
   » Football
Entertainment News
Sci - Tech
Politics News
Health & Fitness
Education
Travel
Lifestyle
Gulf News
Featured
 
::| Latest News
News in Pictures

Reliance Communications has made full repayment of two loans amounting to $1 billion (around Rs 6,000 crore), during the quarter ended June 30.The repayments have been from the company's rupee resources.

Business News
 

`Worst of Eurozone crisis is over'

Friday - Mar 23, 2012, 01:25pm (GMT+5.5)
[+] Text [-]

Frankfurt -  The worst of the Eurozone crisis is over and the situation is stabilizing, European Central Bank (ECB) president Mario Draghi has been quoted as saying.

Draghi made the remarks during an interview with the Bild newspaper in Germany, citing that investor confidence is returning and the ECB has suspended its Securities Market Programme that enabled it buy government bonds on the secondary market for weeks.

Draghi was also quoted as saying that some economic data, including inflation and current account and budget deficits shows that Europe has fared better than the US, Xinhua reported.

However, he also cautioned that there are still risks and reiterated that the ball is in the court of various governments. He said that the governments must make the Eurozone crisis-proof for the long-term.

With regard to two tenders of the non-standard three-year longer-term refinancing operations (LTRO), Draghi said the ECB paid close attention to the fact that the fight against the crisis and credit crunch with the injection of liquidity does not push the inflation rate higher.

The ECB has loaned over 1 trillion euros ($1.32 trillion) to banks through two LTRO rounds. Draghi has earlier said the first LTRO, which was conducted in December, helped avert a major credit crunch.





|

Rating (Votes: )   

blog comments powered by Disqus

Other Articles:
Markets quiet in noon trade, FMCG, IT scrips gain (23rd Mar, 2012)
Russia exported $4 bn worth diamonds: India major buyer (23rd Mar, 2012)
US jobless claims at four-year low (23rd Mar, 2012)
Over half of Brazilians now middle class (23rd Mar, 2012)
Sale of single malt whiskies surges in Delhi (23rd Mar, 2012)
Operators want total spectrum available to be auctioned (23rd Mar, 2012)
CAG dismisses coal scam report, says no loss to exchequer (23rd Mar, 2012)
Sensex slumps 405 points on weakening rupee (23rd Mar, 2012)
'Pornographic' sculptures in Shanghai hotel (23rd Mar, 2012)
Whirlpool introduces new products for larger market share (22nd Mar, 2012)
Himachal's cement production to go up (22nd Mar, 2012)
Nippon's pact for 26-percent stake in Reliance asset firm (22nd Mar, 2012)
Sensex turns volatile; realty, oil, gas stocks fall (22nd Mar, 2012)
Malaysian Grand Prix will pose serious challenge to ace F1 drivers: Vettel (22nd Mar, 2012)
TATA-owned Jaguar to build cars in China (22nd Mar, 2012)
PayPal founder buys into New Zealand technology fund (22nd Mar, 2012)
Google customers sue firm over new 'deceptive' privacy rules (22nd Mar, 2012)
Knives are out: Cut and taste co-related (22nd Mar, 2012)
Mexican tequila mogul dies (22nd Mar, 2012)
US serves notice on India on Iran oil sanctions (22nd Mar, 2012)
Good showing gets Rajasthan 22 percent hike in plan outlay (21st Mar, 2012)
Government awaiting DGCA report on Kingfisher: Ajit Singh (21st Mar, 2012)
RComm expands Application Aware Network service (21st Mar, 2012)
Sensex closes 302 points higher (21st Mar, 2012)
Tech Mahindra, Mahindra Satyam to merge (21st Mar, 2012)




Contact Us | Advertise with Us | Privacy Policy | Disclaimer | Terms of Use