Athanasios Orphanides News
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Incoming Bank of England Governor Mark Carney will get an early chance to overhaul management of the U.K. central bank after Paul Tucker said he will step down as deputy governor.
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When Panicos Demetriades’s phone rang at about 7 a.m. on March 16, the Cypriot central bank governor had already read the bad news he was about to hear.
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As Greece lurched toward its first bailout in early 2010, the largest bank in Cyprus was stocking up on Greek bonds.
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European Central Bank Governing Council member Athanasios Orphanides , who also heads the central bank of Cyprus, comments on monetary policy, inflation and growth in the euro area.
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European Central Bank council member Athanasios Orphanides said the bank may be able to stop buying government bonds if Europe’s rescue fund is empowered to purchase debt.
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Cyprus’s president Demetris Christofias is considering reappointing central bank governor Athanasios Orphanides, Simerini reported, citing government spokesman Stefanos Stefanou.
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European Central Bank council member Athanasios Orphanides said authorities are tackling the “problem” in the euro region, calling it “manageable.”
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Euro-area finance ministers’ decision to tax bank deposits in Cyprus as part of a bailout signals the “slow death” of European political integration and will hurt the economy, according to former Cypriot central bank governor Athanasios Orphanides.
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German bonds rose, pushing the yield on the two-year security four basis points lower to 1.12 percent as of 9:42 a.m. in London.
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German two-year notes advanced as European Central Bank council member Athanasios Orphanides said investors may have gone too far in pricing in higher interest rates after the central bank’s meeting last week.
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