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BANK

ECB in surprise interest rate cut

The European Central Bank on Thursday unexpectedly cut its prime interest rate by a quarter of a point to 1.25 percent, in an apparent attempt to bolster Europe’s economy amid the Greek debt crisis.

The decision to lower borrowing costs in the 17-member eurozone came as a surprise on the first day of the G20 summit in Cannes, France. The move comes just after Mario Draghi officially took over the helm of the ECB on Tuesday.

The financial markets had expected the ECB to leave rates unchanged, but Europe’s central bankers clearly felt the Greek government’s decision this week to call a referendum on an EU bailout package for the country had pushed the eurozone to the brink of economic disaster.

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FOOTBALL

‘I’m fine — under the circumstances’: Collapsed Danish striker tweets from hospital

Christian Eriksen, the Danish football player who collapsed on the pitch in his country's opening Euro 2020 game, said that he was doing "fine" in an Instagram post from hospital on Tuesday.

'I’m fine — under the circumstances': Collapsed Danish striker tweets from hospital
Danish striker Christian Eriksen tweeted a picture of himself in hospital. Photo: DBU

“I’m fine — under the circumstances, I still have to go through some examinations at the hospital, but I feel okay,” he wrote in a post accompanying a photo of him smiling and giving a thumbs-up while lying in bed.

In a scene that shocked the sporting world and beyond, the 29-year-old Inter Milan midfielder suddenly collapsed on the field in the 43rd minute of Denmark’s Group B game on Saturday against Finland in Copenhagen.

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Medical personnel administered CPR as he lay motionless on the field for about 15 minutes before being carried off the pitch and rushed to hospital. He was later confirmed to have suffered cardiac arrest.

“Big thanks for your sweet and amazing greetings and messages from all around the world. It means a lot to me and my family,” he wrote in Tuesday’s post. “Now, I will cheer on the boys on the Denmark team in the next matches. Play for all of Denmark.”

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