Germany needs to send a message to the world that it is reaching the limit of its capacity to help Europe's flood of migrants, German Finance Minister Wolfgang Schäuble said on Sunday - while the head of the Bundesbank said the country can handle the costs of the refugee crisis without risking its balanced budget.
A complaint filed against the European Central Bank over its unlimited bond-buying programme known as OMT was up for debate in the European Court of Justice on Tuesday (14 October), with German Eurosceptic complainants issuing harsh criticism of the ECB's strategy to combat the debt crisis. EurActiv Germany reports .
Rebuffing criticism in Germany that Rome is too slow to reform, Italian prime minister Matteo Renzi on Friday (4 July) reasserted that he is ready to stand up to critics and reclaim a leadership role in Europe.
The European Central Bank could buy loans and other assets from banks to help support the eurozone economy, Germany's Bundesbank said Tuesday, marking a radical softening of its stance on the contested policy.
The European Parliament approved today (16 January) Sabine Lautenschlarger for the vacant seat on the European Central Bank's board. The German candidate has called for regulation on the planned pan-European bank wind-up agency would come into force earlier than 2018, EurActiv Germany reports.
The European Central Bank and the German Bundesbank have warned that businesses are stalling on updating their payment systems in preparation for the switchover to the new EU-wide transfer and direct debit procedure, the Single Euro Payments Area (Sepa). EurActiv Germany reports.
The vice president of Germany's Bundesbank on Monday (10 June) called for an effective Europe-wide bank resolution authority, a position at odds with the German government which has been resistant to such a move.
The European Central Bank agreed yesterday (6 September) to launch a new and potentially unlimited bond-buying programme to lower struggling eurozone countries' borrowing costs and draw a line under the debt crisis.
This is the man who claimed he can save the euro. After weeks of uncertainty, European Central Bank's chief Mario Draghi on Thursday unveiled a much-awaited bond-buying plan. The scheme includes buying 'unlimited' amounts of short-term government debt from troubled countries and it is designed to lower the borrowing costs of Italy and Spain. Draghi also said the scheme was a "fully effective backstop" and that the euro was "irreversible".
European Central Bank chief Mario Draghi faces the most decisive moment of his presidency today (6 September) when he tries to heal divisions among policymakers and deliver on his promise to save the euro. A leaked draft reveals that the plan includes buying 'unlimited' quantities of government debt from troubled countries.
The euro area has been close to collapse at least three times in the last four years. However the 'strategy of uncertainty,' theorised primarily by the German government and Central Bank to fend off the crisis, is ill-conceived and it is high time to have strategic certainty, writes Carlo Bastasin.
According to insiders, Italian Mario Draghi, on track to become the new European Central Bank chief having received the backing of eurozone finance ministers, will need to dispel mutterings about lax southern Europeans and win over a more hawkish Bundesbank chief.