European Central Bank

Latest European Central Bank Items
  • European Commissioner for the Economy Olli Rehn (left) is greeted by Italian Premier Mario Monti as they meet at Chigi's Premier palace in Rome on Nov. 25, 2011. (Associated Press)

    Italy's borrowing rates skyrocket, Monti scrambles

    Italy's borrowing rates skyrocketed during bond auctions Friday, temporarily battering stock markets in Europe as the continent's escalating debt crisis laid siege to the eurozone's third-largest economy.

  • ** FILE ** German Chancellor Angela Merkel and French President Nicolas Sarkozy say goodbye after their meeting in Strasbourg, France, on Thursday, Nov. 24, 2011. (AP Photo/Michael Probst)

    Germany against greater ECB role

    Germany deflected calls for the European Central Bank to play a bigger role in solving Europe's debt crisis but won the backing of France and Italy to unite the troubled 17-nation eurozone more closely.

  • ** FILE ** The Joint Select Committee on Deficit Reduction meets on Capitol Hill last month. Supercommittee members (from left) are Rep. Fred Upton, Rep. Xavier Becerra, Rep. Jeb Hensarling, Sen. Patty Murray, Sen. Jon Kyl, Sen. Max Baucus, Sen. Rob Portman, Sen. John F. Kerry and Sen. Patrick J. Toomey. (Associated Press)

    U.S. pols risk fate of Europe's leaders in debt mess

    Legislators in Washington who are tempted to punt yet again this fall and not take the painful medicine needed to tame the government's spiraling debt might want to consider the fates of European political leaders who did the same thing in years past.

  • Jean Claude Trichet, president of the European Central Bank, whose position has less direct authority than that of the U.S. Federal Reserve chairman, has had to build consensus among the member nations of the eurozone in the debt crisis. He steps down this month after eight years at the ECB's helm. (Associated Press)

    European bank left with riskier role

    Jean-Claude Trichet, the euro's chief guardian, this month will leave the European Central Bank (ECB) in a very different place from when he took the helm in 2003, with a dramatically expanded role to fight the government debt crisis.

  • Jose Manuel Barroso (foreground), president of the executive European Commission, speaks to the European Parliament in Strasbourg, France, on Wednesday, Sept. 28, 2011. (AP Photo)

    Top EU official seeks closer political, financial union

    A senior European Union official on Wednesday called for closer political and financial unification on the Continent as fractures emerged among leaders on how to solve Greece's debt crisis.

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

    Stocks rally on support plan for European banks

    Stocks rallied Thursday after central banks in Europe and the United States announced a joint move to support European banks. Markets in Europe soared, gold dropped, and Treasury yields rose as traders moved out of the safest investments.

  • European Central Bank head Jean-Claude Trichet (right) listens to Mario Draghi, next to take the helm of the bank, during a conference on the European debt crisis on Monday in Paris. Mr. Draghi called for a "quantum" leap toward economic integration. (Associated Press)

    Eurozone urged to coordinate fiscal policies

    The eurozone needs a "quantum" leap toward economic integration, the incoming chief of the European Central Bank said Monday, as the bond yields of countries with shaky finances, such as Greece and Italy, jumped amid increased investor tensions.

  • Stocks up on strong U.S. employment data

    Stronger than expected U.S. jobs figures helped stocks rally Thursday and helped investors brush off interest rate increases in China and Europe.

  • Schapiro

    Economy Briefs

    There is no fool-proof way to prevent a repetition of the May 6, 2010, "flash crash," but measures being implemented by federal regulators should help insolate the markets from volatile price swings, the chief U.S. securities regulator said Wednesday.

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