Tag: ECB

• Friday, September 7th 2012 - 05:41 UTC

  ECB bond-buying scheme announcement boosts world markets

  

  Asian shares looked set for their biggest daily gain in nearly five weeks on Friday after the European Central Bank outlined its bond-buying scheme to help calm the Euro zone's debt crisis, while firm US data fed speculation of a strong jobs report later in the day.

• Tuesday, September 4th 2012 - 01:25 UTC

  Germany stands firm: ECB is not prepared to supervise all Euro zone banks

  

  German Finance Minister Wolfgang Schaeuble rejected on Monday a European Commission plan to give the European Central Bank sweeping powers to monitor all Euro zone banks, saying it should instead focus only on systemically important institutions.

• Tuesday, September 4th 2012 - 00:31 UTC

  Poll shows Germans want Greece out of the Euro; doubts about reforms’ implementation

  

  Only about a quarter of ordinary Germans are in favor of debt-stricken Greece remaining in the Euro area, a poll published by the Financial Times on Monday indicated. It revealed strong reluctance to grant Greece yet another bailout installment.

• Monday, September 3rd 2012 - 06:20 UTC

  Spanish PM Rajoy challenges the European central bank and Germany

  

  Spain will consider seeking extra aid from Europe on top of a 100 billion Euro rescue of its financial sector but does not see any need for new conditions, Prime Minister Mariano Rajoy said in an interview published in European newspapers.

• Wednesday, July 25th 2012 - 07:04 UTC

  Germany and France express support for Spain but markets demand more than words

  

  German Finance Minister Wolfgang Schaeuble and his counterpart from Madrid said Spain’s borrowing costs don’t reflect the strength of its economy as they pledged to work toward deeper integration to fight the debt crisis.

• Monday, July 23rd 2012 - 08:41 UTC

  Euro-zone countdown for Greece: Germany and IMF will not yield on austerity measures

  

  German Finance Minister Wolfgang Schaeuble warned Greece in a newspaper interview Monday that it must redouble efforts to comply with bailout conditions imposed by international creditors. “If there were delays, Greece must make up for them,” he told the daily Bild.

• Wednesday, July 18th 2012 - 16:57 UTC

  ECB warns Euro countries will have to yield fiscal, debt and economic policy sovereignty

  

  The Euro zone will have to get powers to limit the debt issuance of its members, intervene in national budgets and change national policies to build a deeper economic union, ECB Executive Board Member Joerg Asmussen said.

• Thursday, July 12th 2012 - 22:35 UTC

  ECB zero deposit-rate shakes EU banking system and forces to look for alternatives

  

  European Central Bank's new zero deposit rate had an instant impact as it came into force, with banks more than halving the amount of cash parked there overnight and one ECB policymaker saying he expected the move to increase banks' lending.

• Friday, June 1st 2012 - 02:16 UTC

  Italy hugely exposed to the Euro-debt turmoil and to Spanish contagion

  

  Italy is hugely exposed to the risk of contagion from the debt turmoil in the euro zone, said Prime Minister Mario Monti, suggesting the European Central Bank take action to help cool borrowing costs.

• Tuesday, May 29th 2012 - 04:02 UTC

  Spain calls on Europe for a show of force “to dissipate any doubts about the Euro”

  

  Spanish Prime Minister Mariano Rajoy called for a show of force from European authorities as his government sought ways to avoid tapping markets to fund the bailout of the nation’s third-biggest lender.