Topic - European Central Bank

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  • The president of the  European Central Bank Mario Draghi listens to questions during a news conference in Frankfurt, Germany, Thursday,  June 5, 2014. The European Central Bank has cut two key interest rates, one of them into negative territory — a highly unusual step that underlines the urgency of its efforts to keep the eurozone economy from sliding into crippling deflation. It reduced its main interest rate, the refinancing rate, from a record low of 0.25 percent to 0.15 percent. More drastically, it also cut the rate it pays on money deposited by banks from zero to minus 0.1 percent, an unprecedented step for the ECB that aims to push banks to lend money rather than hoard it. (AP Photo/Michael Probst)

    EDITORIAL: Europe goes negative on interest rates

    Europe's economic policies have often seemed a bit daft to us, setting the Continent on a course to bankruptcy. Things got stranger still last week when the European Central Bank turned the entire concept of interest rates on its head.

  • European lending lags, sign recovery remains weak

    FRANKFURT, Germany (AP) — New figures show that European banks are lending less to companies — another sign the continent's economic upswing remains less than robust.

  • A $1 bill and a 1-euro coin (AP Photo/Michael Probst)

    Debt crisis shrinks international use of euro as reserve currency

    International use of the euro slipped last year because of the debt crisis in Europe, but the U.S. dollar held its own as the world's leading currency for reserves held by central banks.

  • World Briefs: Tehran hosts talks on Syrian crisis

    Iran held a conference Sunday to reconcile Syria's government with opposition factions and end the country's civil war, the official IRNA news agency reported.

  • **FILE** German Chancellor Angela Merkel (center) speaks June 29, 2012, with European Central Bank President Mario Draghi (left) and Italian Prime Minister Mario Monti during a round-table meeting at a EU Summit in Brussels. (Associated Press)

    After 3 bumpy years, Europe turns corner on crisis

    The worst of Europe's financial crisis appears to be over.

  • European Commissioner for Economic and Monetary Affairs Olli Rehn speaks during the presentation of the Fall Economic Forecast at EU headquarters in Brussels on Wednesday, Nov. 7, 2102. Europe's economy is still reeling and unemployment could remain high for years in spite of the progress made in solving the debt crisis, the European Union warned Wednesday as it downgraded its forecasts for the 27-country bloc. (AP Photo/Virginia Mayo)

    EU: Eurozone recession to be worse, rebound slower

    Europe's economy is still reeling and unemployment could remain high for years despite the progress made in solving the debt crisis, the European Union warned Wednesday, as it downgraded next year's forecasts for the 27-country bloc.

  • Economy Briefs: Former ECB chief economists criticize bond-buying program

    The European Central Bank’s two former chief economists are criticizing the institution's plan to buy unlimited amounts of government bonds.

  • Protesters from Greek Communist Party-affiliated unions march in front of the Greek parliament in Athens on Wednesday, Sept. 26, 2012. (AP Photo/Dimitri Messinis)

    Greek, Spanish riots shatter European market calm

    Europe's fragile financial calm was shattered Wednesday as investors worried that violent anti-austerity protests in Greece and Spain's debt troubles showed that the region still cannot get a grip on its financial crisis and stabilize its common currency, the euro.

  • French Finance Minister Pierre Moscovici talks on his cell phone Sept. 14, 2012, prior of the Informal European economic and financial affairs council in capital Nicosia, Cyprus. European finance ministers are gathering in Cyprus for two days of discussions about the debt crisis and the latest developments in Greece and Spain. (Associated Press)

    European ministers discuss Greece debt extension

    Greece may get more time to cut its budget, its creditors indicated Friday in another sign of increasing flexibility and optimism across the 17 countries that use the euro, while Spain appeared to be inching closer to making a formal request for financial assistance.

  • EU officials ask nations for bank control

    European Union officials are asking national governments to give up control of their banks as they try to pull the region closer together to solve its crippling financial crisis.

  • Illustration by Alexander Hunter for The Washington Times

    RAHN: The wrong doctors

    Central banks are being pressured by their political masters to solve a problem they cannot solve.

  • Stocks surge over eurozone rescue plan

    Wall Street surged Thursday to multiyear highs after the European Central Bank provided more information about an unlimited bond-buying program that could save troubled countries from leaving the eurozone, possibly preventing another global recession from reaching the U.S.

  • Mario Draghi, president of the European Central Bank, arrives for a news conference in Frankfurt, Germany, on Thursday, Sept. 6, 2012, following a meeting of the ECB governing council concerning further strategies to deal with the European financial crisis. (AP Photo/Michael Probst)

    European Central Bank unveils aggressive bond plan to save euro

    European Central Bank President Mario Draghi on Thursday unveiled a long-awaited program to buy up bonds and help bring down the borrowing costs of Europe's struggling governments.

  • Mario Draghi, president of the European Central Bank, addresses the media in Frankfurt, Germany, on Thursday after a meeting of the ECB governing council concerning the further strategies in the European financial crisis. (Associated Press)

    EDITORIAL: Much ado about monetary policy

    The economy continues to drag, and policymakers refuse to do what it takes to restore prosperity. The official unemployment number climbed to 8.3 percent, and the broadest measure of joblessness, known as the U6, increased to 15 percent for July. Economic growth is stalled at 1.5 percent.

  • A motorist who got out of her car argues with a demonstrator as civil servants blocked traffic during a protest against government cuts in Madrid on Monday. Spanish Prime Minister Mariano Rajoy has been introducing successive rounds of austerity measures aimed at preventing the country from being forced into a public finance bailout. (Associated Press)

    European bank will buy bonds to ease debt crisis

    The European Central Bank is preparing to unleash its financial might and buy government bonds to help drive down borrowing costs in debt-ridden countries like Spain and Italy, caught in the grip of what president Mario Draghi called a "worsening crisis."

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