Adam

Monetary developments in the euro area: July 2022

Annual growth rate of broad monetary aggregate M3 decreased to 5.5% in July 2022 from 5.7% in June Annual growth rate of narrower monetary aggregate M1, comprising currency in circulation and overnight deposits, decreased to 6.7% in July from 7.2% in June Annual growth rate of adjusted loans to households stood at 4.5% in July, compared with 4.6% in June […]

Navracsics Marks European Memorial Day of Victims of Totalitarian Regimes

Those living in western Europe must understand the history of eastern Europe which is essential for the continent to become a real community, the minister for regional development said on Tuesday, marking the Europe-wide Day of Remembrance for the victims of all totalitarian and authoritarian regimes.

ECB confirms sanctions on Crédit Agricole for classifying shares as CET1 capital without prior approval

ECB imposes penalties totalling €4.765 million on Crédit Agricole S.A. and two subsidiaries Banks didn’t ask for prior ECB permission to classify shares as Common Equity Tier 1 capital ECB issued sanctions in 2018 but banks challenged decisions before EU Court of Justice