Everyone has heard of Marie-Antoinette screaming from her balcony at the Palace of Versailles in the early hours of the French Revolution: “if there’s no bread, then let them eat cake!”. Right! Poverty-stricken Frenchmen had access to...Show More Summary
The Eurozone debt problems have held as a central focus of the financial markets since 2010. The European Central Bank (ECB) has gone to great lengths to prevent volatility in its financial markets and created enhanced liquidity provisions to support its vulnerable banking system. This week’s GDP data, however, indicate that while the extensive stimulus [...]
European Central Bank (ECB) president Mario Draghi reminded London bankers of the UK’s eurozone dependency, ahead of the planned referendum on EU membership in 2017.Mr Draghi said that “Europe needs a more European UK as much as theShow More Summary
Today shares of Tata Steel gained 6.65% following reports on Q1 that showed better than expected profit. The President of the European Central Bank, Mario Draghi expressed his determination that the eurozone economy has become more stable compared to a year ago. Show More Summary
PARIS/WASHINGTON (Reuters) - The European Central Bank is looking into expanding its range of policy tools, while the U.S. central bank is mulling scaling back its support measures, highlighting the contrasting fortunes between the world's two biggest...
Last summer, Citi's chief economist, Willem Buiter, introduced a bold call: he assigned a 90% probability that Greece would exit the euro on January 1, 2013. This assertion was made before European Central Bank President Mario Draghi...Show More Summary
WASHINGTON (Reuters) - The European Central Bank could expand its monetary policy toolkit if needed to respond to threats to price stability, and must ensure the euro zone economy does not enter a downward spiral, ECB Executive Board member Peter Praet...
By Marc Chandler: Most of continental European markets are closed today for Whit Monday and Canadian markets are closed for Victoria Day. With important data and central bank officials speaking later this week, the market is content to keep most of the major currencies within the ranges seen before the weekend. Show More Summary
By Benzinga: By: The ETF Professor In less than two months a dizzying array of global central banks have lowered interest rates. The European Central Bank, the Reserve Bank of Australia, the Reserve Bank of India, the Bank of Israel, the Central Bank of Turkey and the list goes on. Show More Summary
The European Central Bank will keep its loose and growth-supportive monetary policy stance in place for “quite a long time”. ||| Orleans, France, May 17 (Reuters) - The European Central Bank will keep its loose and growth-supportive monetary policy stance in place for “quite a long time”, ECB executive board members said on Friday. Show More Summary
ORLEANS, France (Reuters) - The European Central Bank will keep its loose and growth-supportive monetary policy stance in place for "quite a long time", ECB executive board members said on Friday.
The European Central Bank may begin to identify weak banks and deny them aid. (Reuters) Foxconn, once one of Apple Inc.'s (NASDAQ: AAPL) largest suppliers, says it needs additional time to cut back worker overtime. (Reuters) Dell Inc.'s (NASDAQ: DELL) profits fall, but that may not stop the fight over its future ownership. Show More Summary
The European Central Bank could use its new supervisory role from next year to single out weak banks and make it harder for them to get its financial support, people familiar with the matter say.Such a hardening of approach would keep...Show More Summary
BRUSSELS (Reuters) - The European Central Bank could use its new supervisory role from next year to single out weak banks and make it harder for them to get its financial support, people familiar with the matter say.
Confirming that in a world in which either commercial or central banks have to be constantly churning out debt, and in a world in which Europe is doing neither (with commercial loans posting sequential declines across the board, andShow More Summary
Surprisingly weak first quarter economic growth numbers from Germany and France sent the euro to a six-week low against the dollar on Wednesday, boosting the chance of another interest rate cut.European Central Bank president Mario Draghi...Show More Summary
Bloomberg: ECB Battles Germany on Pace of EU Plans to Handle Failing Banks. The European Central Bank clashed with Germany over how the European Union will handle struggling banks and whether to create a common agency and fund to manage failures. Show More Summary
By Modeled Behavior: By Karl Smith "Quod Me Nutrit Me Destruit" It's hackneyed in the U.S. blogosphere to say that the euro or, at minimum, the European Central Bank has been a disaster. The two are responsible for the most devastating economic crisis to afflict the Western World since the Great Depression. Show More Summary
By QFinance: By Anthony Harrington There is a grim inevitability about the way in which analysts pour over every utterance from senior figures at the European Central Bank, weighing every phrase for its dovish or its hawkish qualities. Show More Summary
BRUSSELS (Reuters) - The European Central Bank clashed with Germany on Tuesday over how quickly the euro zone should set up a full banking union, calling for it to be ready by mid-2014 after Berlin declared it wanted a slower pace.