Tag: ECB

• Friday, May 4th 2012 - 00:36 UTC

  ECB calls on governments to put “growth at the centre of the agenda”

  

  The European Central Bank, meeting in Spain on Thursday, held interest rates at historic lows but insisted it was up to governments to find ways of boosting growth without busting fiscal rules.

• Monday, April 23rd 2012 - 09:40 UTC

  IMF governing panel calls for more action from Euro zone to prevent recession

  

  Europe was pressed by other world powers to take strong measures to fix its debt-heavy economy and restore growth to a level that would lift the cloud hanging over the fragile global recovery.

• Thursday, April 5th 2012 - 17:07 UTC

  Dragui confirms extraordinary long-term funding to financial system will continue

  

  European Central Bank President Mario Draghi dismissed a German-led push for the bank to start planning a retreat from emergency crisis-fighting, but stressed it was keeping a close eye on price pressures.

• Sunday, April 1st 2012 - 08:24 UTC

  Euro-zone builds firewall but calls for bigger global financial emergency fund

  

  European governments called for a bigger global financial emergency fund after engineering a firewall to fight the region’s debt crisis that tops the symbolic 1 trillion dollars mark.

• Friday, March 9th 2012 - 03:17 UTC

  Euro zone growth forecasted to shrink by 0.5% this year, says Dragui

  

  The European Central Bank downed its Euro zone growth forecast after holding interest rates at record lows on Thursday, and said things would have been much worse without its dramatic action to pump a trillion Euros into the banking system.

• Wednesday, February 29th 2012 - 14:51 UTC

  ECB massive cheap funds influx hoping to ease credit and government borrowing

  

  Banks grabbed 530 billion Euros at the European Central Bank's second offering of cheap three-year funds on Wednesday, fuelling hopes that more credit will flow to businesses and government borrowing costs will ease further.

• Thursday, February 9th 2012 - 20:30 UTC

  Euro zone rate left unchanged; all eyes set on how to save Greece from default

  

  The European Central Bank kept interest rates on hold on Thursday and altered its assessment of risks to the economic outlook as investors focus on the ECB possible role in helping Greece avoid default.

• Thursday, January 12th 2012 - 21:28 UTC

  ECB says flood of ‘cheap money’ helping the Euro zone banking system

  

  The European Central Bank's flood of cheap three-year money is helping the Euro zone's banking system substantially and supporting confidence in the bloc's economy which is showing some signs of stabilisation, president Mario Dragui said on Thursday.

• Wednesday, January 4th 2012 - 05:27 UTC

  Greece admits it is closer to be forced out of the Euro zone

  

  Greece faces an exit from Europe's common currency block unless it clinches a deal on a second 130 billion Euro bailout with its international lenders, a government spokesman said on Tuesday.

• Thursday, December 22nd 2011 - 05:01 UTC

  European Central bank supports financial sector with ultra-cheap € 490 billion

  

  Europe's banks borrowed nearly 490 billion Euros from the European Central Bank at its first-ever offer of three-year loans on Wednesday, encouraging demand for the Euro and stocks on hopes the funding will ease the two-year old debt crisis.