European Central Bank - Page 2

The 19-country eurozone economy lost momentum in September despite a resilient performance by the services sector in Italy, according to a closely watched survey released Wednesday.

COPENHAGEN, Denmark (AP) – The Latvian member of the European Central Bank’s top policymaking board has rejected charges of bribery. Latvian broadcaster LSM cites Ilmars Rimsevics, head of the Baltic country’s central bank, as saying: “I completely deny all these

The European Central Bank is preparing for a so-called ‘hard Brexit’ with the UK falling out the European Union (EU) with no ‘transitional arrangement’ in place.

Contents: Greece’s parliament raises taxes, cuts pensions to satisfy lenders; Germany’s government blocks debt relief for Greece, despite new austerity measures

Contents: Bank run worsens Italy’s banking crisis; Following the money, Sao Tome and Principe switches allegiance from Taiwan to China

Contents: Italy announces bank bailout that will ‘bail in’ ordinary depositors; European officials refuse to unblock the next bailout loan to Greece

Contents: Egypt’s Christians demand revenge after Sunday’s church bombing; Italy’s bank crisis seems likely to cost thousands of people their savings

THESSALONIKI, Greece (Reuters) – A rift between the International Monetary Fund and the European Union on how to address Greece’s debt crisis is damaging for the country, Prime Minister Alexis Tsipras said on Sunday.

Contents: Portugal and Spain will not be fined for breaching deficit rules; Italy’s Monte Paschi bank gets 5 billion euro bailout from other banks; Earnings fall, but central bank liquidity floods markets, pushing up stocks

The European Central Bank is running out of well-performing German bonds to buy, which could usher in a new banking crisis for the European Union (EU).

(REUTERS) – Britain must respect all EU rules if London aims to keep access to the bloc’s financial markets after it leaves the European Union, ECB governing council member Francois Villeroy de Galhau said on Wednesday. Speaking at a financial

Contents: Italy bank crisis more dangerous to EU than Brexit; EU Banking Union rules were a reaction to Greece’s financial crisis

Breitbart News correctly predicted that if the British peopled voted for “Brexit,” that would cost the UK its AAA credit rating. And our other prediction — that the British would be better off leaving the EU — is also looking good.

Contents: Nationalistic tensions increase as UK and EU drift towards Brexit; Japan’s government calls emergency meeting as yen surges after Brexit; Israel and Turkey announcing a reconciliation agreement on Monday

Contents: Successful ‘Brexit’ referendum vote throws UK and EU into political chaos; Global stock markets plummet after Brexit surprise

LONDON (Reuters) — Eurozone governments have eased up on efforts to overhaul their struggling economies because the ECB’s ultra-easy monetary policy has pushed their borrowing costs to record lows, ratings agency Standard & Poor’s said on Tuesday. Speaking in London,

The European Central Bank has become too powerful, but largely because politicians have foisted an increasingly political role onto it, one of the German government’s key economic advisors said in a newspaper interview Sunday. “The ECB has gained enormous power,

The German government is blocking a Greek bailout in fear of being democratically replaced by the populist, Eurosceptic Alternative for Germany (AfD) Party. In “AfD is the major hurdle in the Greek bailout”, Die Welt’s deputy economics editor, Jan Dams, has

Contents: North Korea liquidates all commercial projects with South Korea; In desperation move, European Central Bank further lowers negative interest rates; ECB tries to target the velocity of money

BERLIN (Reuters) – The euro zone needs to press ahead with structural reforms and closer integration, including an euro zone finance ministry, to deliver sustainable growth, the heads of the French and German central banks wrote in a German newspaper

Generational Dynamics, Japan, Bank of Japan, BOJ, Haruhiko Kuroda, European Central Bank, ECB, Swiss National Bank, SNB,, Sweden, Denmark, negative interest rates, quantitative easing, QE, Ben Bernanke

Content: Clown protesters mock Finland’s xenophobic ‘Soldiers of Odin’; The European Central Bank saves the stock markets for another day

Beyond the horrific deaths, injuries, and panic from seven coordinated terror attacks in Paris, the consequences of France’s 9-11 will likely be a serious deflationary recession and right-wing nationalism spreading across Europe.

ZURICH (Reuters) – The European Central Bank’s chief economist reiterated the bank’s “readiness and decisiveness” to modify its trillion-euro bond-buying programme should economic turbulence merit decisive action, according to an interview in a Swiss newspaper. Interviewed by the Neue Zuercher

Contents: Wave of violent terrorist attacks strike across Turkey; Vladimir Putin increasingly trapped as Russia’s GDP plunges 4.6%; Europe’s bond yields go negative

From Der Spiegel: After the Greek bailout disaster, Paris, Berlin and Brussels want to reform the euro zone by creating an economic government and a special tax for the currency area. German Finance Minister Schäuble is in favor, but Chancellor

BRUSSELS/FRANKFURT, July 27 (Reuters) – The International Monetary Fund warned on Monday that the euro zone’s prospects were modest and that more money printing than planned may be needed. Contrasting the IMF’s relative gloom, however, German think tank Ifo reported improving

Contents: China reacts harshly to Japan’s plans for ‘collective self-defense’; European officials prepare to negotiate Greece’s next bailout

Contents: ISIS-linked terrorists sink Egyptian navy ship; Attack on Egypt’s navy boat comes amid plans for Suez Canal expansion; Both Greece and Germany in political disarray after IMF bailout statement

Contents: France-Germany split over 3-day ultimatum to Greece leads to flared tempers; Eurogroup imposes harsh demands on Greece to remain in eurozone; China police crack down ahead of another volatile week in stocks

Contents: Greece’s crisis deepens as German position hardens; Surge in Boko Haram attacks raises questions about new president of Nigeria

Contents: Greeks are deeply divided over Sunday’s referendum; Greece’s referendum revives memories of a bloody civil war; Tunisia declares a ‘state of war’ as Mideast meltdown continues

Contents: Greece heads for further chaos with referendum on Sunday; IMF report on Greece raising concerns about IMF’s credibility; China hunts for ‘stock manipulators’ as market crashes

Greek banks have been shut since Monday, and the system faces collapse if the European Central Bank (ECB) declares them insolvent should Greece refuse to pay back its debts.

International reserves, which measure global savings available for financial market investment, have fallen twice this century: once in the first quarter of 2009, and once in the fourth quarter of 2014. That most recent reserve drop is causing some analysts to warn that conditions for a crash may be building.

Greece’s banks will be closed indefinitely, starting on Monday, after the European Central Bank (ECB) announced that it will end liquidity funding that was being used to prevent a Greek banking collapse.