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European Central Bank
Latest European Central Bank Items
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.
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.
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.
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.
The worst of Europe's financial crisis appears to be over.
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.
The European Central Bank’s two former chief economists are criticizing the institution's plan to buy unlimited amounts of government bonds.
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.
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.