Tag: European Central Bank

• Friday, September 9th 2011 - 01:03 UTC

  Trichet anticipates EU flat growth next 18 months; falls short of ‘new recession’

  

  The Euro fell to a two-month low against the dollar on Thursday after the European Central Bank signalled a pause in its interest-rate tightening cycle that began just five months ago.

• Wednesday, September 7th 2011 - 23:30 UTC

  Germany’s high court gives Parliament greater say in Euro zone bailouts

  

  Germany's top court handed its country's parliament a greater say over Euro zone bailouts, potentially hampering Berlin's ability to act decisively against a debt crisis which Chancellor Angela Merkel said needed a fundamental rethink to solve.

• Tuesday, September 6th 2011 - 00:36 UTC

  Central Bank urges EU members to press ahead with financial reforms

  

  The current and incoming head of the European Central Bank demanded that European governments quickly implement a strengthening of a regional bailout fund and press ahead with wider reforms.

• Monday, September 5th 2011 - 05:53 UTC

  Doubts Italy’s divided government can pass measures to cut budget and debt

  

  ECB President Jean-Claude Trichet kept up warnings over Italy's strained public finances telling the struggling centre-right government it must act quickly to reassure nervous markets.

• Thursday, August 18th 2011 - 20:57 UTC

  US and Euro zone “dangerously close to recession” warns Morgan Stanley

  

  The United States and Euro zone are “dangerously close to recession,” Morgan Stanley said on Thursday, criticizing policymakers and predicting the European Central Bank will have to reverse its rates policy.

• Tuesday, August 9th 2011 - 07:37 UTC

  Gold soars to 1.700 dollars as world markets are on free-fall fearing recession

  

  Asian equity markets were sharply down early Tuesday as investors fearing a possible global economic slowdown continued to flee stocks as had happened earlier in Europe, United States and Latin America.

• Monday, August 8th 2011 - 11:28 UTC

  European Central Bank expected to buy Italian and Spanish bonds

  

  The European Central Bank has said it will buy Euro zone bonds, following emergency talks on the debt crisis. ECB did not say which bonds it would buy but analysts expect them to be from Italy and Spain.

• Monday, July 4th 2011 - 18:00 UTC

  OECD warns the Euro Central Bank about ‘aggressive’ hike of interest rates

  

  The European Central Bank should not hike interest rates aggressively and wait for stronger Euro zone growth before increasing rates after this week's expected move, OECD head Angel Gurria said on Monday.

• Monday, June 27th 2011 - 06:15 UTC

  Central banks must raise interest rates to control inflation, says BIS

  

  Central banks need to start raising interest rates to control inflation and may have to act faster than in the past according to the Bank of International Settlements.

• Thursday, June 23rd 2011 - 18:01 UTC

  Italy’s Dragui confirmed at the next president of the European Central Bank

  

  The European Parliament formally endorsed on Thursday Italy's Mario Draghi to be the next president of the European Central Bank. European Union leaders are expected to give their formal backing to the appointment at a summit allowing Draghi, 63, to take over as head of the bank when Jean-Claude Trichet steps down at the end of October.