About: ECB

Politics 21-06-2019

No deal on top jobs or climate neutrality at June summit

The June European Council was all about jobs. Leaders failed to fill the five available positions to lead the EU in the next mandate and to reach an agreement to achieve climate neutrality by 2050, which would lead to the creation of a million jobs, according to a European Commission assessment.
Economy & Jobs 19-06-2019

How to pick the next saviour of the euro

EU leaders will try to pick the new European Central Bank president on Thursday evening (20 June), in times when further monetary flexibility is becoming more likely, but EU officials and diplomats have warned against politicising the election of Mario Draghi's successor.
Global Europe 19-06-2019

Draghi brushes off Trump accusation of currency manipulation

European Central Bank chief Mario Draghi said Tuesday (18 June) that the institution “doesn’t target the exchange rate”, shrugging off an allegation of currency manipulation from US President Donald Trump. “We have our remit. We have our mandate. Our mandate...
Economy & Jobs 06-06-2019

ECB ponders further monetary stimulus to counter trade, Brexit risks

The European Central Bank decided on Thursday (6 June) to keep the low interest rates unchanged at least until mid-2020, and confirmed that it is considering further monetary stimulus, including further rate cuts and restarting the asset purchasing programme, to counter the trade tensions and Brexit uncertainty.
Economy & Jobs 07-05-2019

Austrian chief economist: ‘A lot can still be done to complete the euro zone’

The Austrian national bank (OeNB) hosted its annual conference on 20 years of the euro on 2 and 3 May. In an interview with EURACTIV, the bank's chief economist explains how the euro zone debt crisis changed the economic "tool box" of the EU currency and spells out the challenges ahead.
Economy & Jobs 03-05-2019

Juncker points the finger at Germany, Austria, Netherlands for impeding eurozone reform

The Netherlands, Austria "and all too often Germany" are preventing deeper euro zone integration, European Commission President Jean-Claude Juncker told German newspaper Handelsblatt.
Economy & Jobs 11-04-2019

Brexit uncertainty weighs on eurozone growth, Draghi warns

ECB President Mario Draghi warned on Wednesday (10 April) that the uncertainty around Brexit was weighing on the eurozone’s growth but said he was still “hopeful” that major disruptions could be averted.
Future EU 25-03-2019

France targeting Commission presidency over top ECB job

France will push for the presidency of the European Commission rather than the European Central Bank when top EU jobs come up for negotiations later this year, three sources briefed on discussions over the matter said.
Economy & Jobs 12-03-2019

EU court shields ECB from disclosing key document in Greek crisis

The European Union's court on Tuesday denied access to a European Central Bank (ECB) document which underpinned its decision to freeze vital funding to Greek banks in 2015, a turning point in the country's financial crisis.
Economy & Jobs 22-01-2019

Eurogroup kick off race for ECB chief economist, Ireland’s Lane puts name forward

Ireland presented Philip Lane’s candidacy as chief economist at the European Central Bank on Monday (21 January), as the Eurogroup opened calls for nominations in a relaxed first session of the year. 
Economic governance 21-01-2019

ECB reshuffle: The EU can do better than gentlemen’s agreements behind closed doors

Appointments to the European Central Bank's Executive Board are no less than a strategic and political decision over the future of the Eurozone. But experience has shown this process is not transparent, open, and democratic enough to protect the ECB from its legitimacy gap, argue Stanislas Jourdan and Sebastian Diessner.
Economy & Jobs 16-01-2019

Leaders call to complete eurozone on currency’s 20th anniversary

As the euro turns 20, leaders of the EU's main institutions called on member states to complete the reform of the Economic and Monetary Union, admitting mistakes were made in managing the eurozone debt crisis.
Economy & Jobs 02-01-2019

ECB installs temporary administrators at Italian bank

Supervisors at the European Central Bank (ECB) said on Wednesday (2 January) they had ordered temporary administrators to take over floundering Italian lender Banca Carige after most of its board resigned.
Economy & Jobs 28-12-2018

ECB sees global economic slowdown in 2019

The global economy is set to slow down in 2019 and stabilise thereafter, the European Central Bank said on Thursday (27 December), while still expecting prices to rise.
Economy & Jobs 13-12-2018

ECB chief Draghi downgrades economic forecast as risks persist

European Central Bank President Mario Draghi presented on Thursday (13 December) the bank's downgraded economic forecast for the eurozone for this year and next, as uncertainties and risks remain prominent in the region.
Economy & Jobs 13-12-2018

End of an era as ECB shelves quantitative easing program

A chapter of eurozone history will come to a close Thursday (13 December), with the European Central Bank widely expected to withdraw a key element of support for the economy while reassuring observers fearful of the growing risks.
Economy & Jobs 11-12-2018

EU top court rules in favor of Draghi’s bond-buying programme

The European Central Bank (ECB) won a landmark case on Tuesday (11 December) as the European Court of Justice confirmed that the national bond-buying policy was in accordance with EU law, in response to concerns raised in Germany. 

Green transition: ECB and budgetary authorities should face their responsibilities

Reforming the rules for coordinating budgetary and economic policies in the eurozone is a necessity to conciliate economic, social and climate objectives, write Olivier Bodin and Michael Vincent.
Banking union 06-12-2018

Italian Enria to lead EU’s bank watchdog

The head of the European Banking Authority, Andrea Enria, will become the Single Supervisory Mechanism chief in charge of overseeing Europe’s largest banks. The Council endorsed his nomination on Thursday (6 December), concluding the process after the European Parliament also gave its green light.
Economy & Jobs 27-11-2018

ECB urges completion of monetary union in ‘unstable’ world

ECB chief Mario Draghi called for the completion of the eurozone framework and to reduce divergencies between West and East members in order to protect the euro in a more "unstable" world on Monday (26 November).
Banking union 13-11-2018

ECB to assess six Bulgarian banks as step towards Banking Union membership

European Central Bank (ECB) will conduct a comprehensive assessment of six Bulgarian banks as part of the Balkan country's bid to join the European Union's banking union, Bulgaria's central bank said on Monday (12 November).

Climate change will affect EU monetary policy ‘one way or the other’, ECB says

Whether humankind fails or succeeds in keeping the rise in global temperatures within manageable levels, central banks will sooner or later be called upon to act, said Benoît Cœuré, a member of the European Central Bank's (ECB) Executive Board.
Economy & Jobs 25-10-2018

Draghi ‘confident’ about a deal on Italian budget

European Central Bank President Mario Draghi expressed his confidence on Thursday (25 October) about the likelihood of an agreement between the European Commission and the Italian government over Rome's spending plan for next year.
Economy & Jobs 25-10-2018

Course unchanged for ECB as growth worries bubble under

The European Central Bank seems certain to keep policy unchanged on Thursday (25 October) but likely to acknowledge the growth outlook is deteriorating, even if not yet enough to derail a carefully crafted retreat from stimulus.

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