European Central Bank

Latest European Central Bank Items
  • 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.

  • 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.

  • 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, 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.

  • VERSACE: Fast balls getting past Fed, Europeans

    A swing and a miss or more like several at bat were had this week in terms of the central banks. I'm talking about both the Federal Reserve and the European Central Bank (ECB), both of which stand ready to do something, just not yet.

  • **FILE** A sign marks Wall Street in New York. (Associated Press)

    With no concrete action in Europe, stocks slump

    European leaders on Thursday gamely promised to keep tackling the continent's debt crisis. But the markets wanted much more.

  • 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."

  • **FILE** President of the European Central Bank Mario Draghi reports May 31, 2012, to the Economic Committee, in capacity as the head of the European Systemic Risk Board, at the European Parliament in Brussels. (Associated Press)

    ECB's Draghi: Bank may intervene on bonds

    European Central Bank head Mario Draghi says the bank is ready to intervene in the bond market to drive down countries' high borrowing rates, and urged European leaders to get their bailout fund ready to intervene as well.

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