About: ECB

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.
EU Elections 2019 22-10-2018

European elections amid a looming economic storm

The slowdown of Europe’s economic growth and the risk of a new recession if the ongoing trade war worsens could steer the political agenda in the run-up to next May's European elections.
Economy & Jobs 04-10-2018

Top EU judge backs ECB national bonds purchase policy

The European Central Bank's bond-buying programme does not exceed its mandate and is in accordance with EU law, the European Court of Justice (ECJ) advocate general said on Thursday (4 October), in response to complaints raised in Germany.
Economic governance 25-09-2018

Draghi warns on protectionism as a risk for the Eurozone

The Eurozone should prepare for US and China protectionist measures if they materialise, president of the European Central Bank Mario Draghi said on Monday (24 September) at the European Parliament.

EU admits anti-money laundering rules inefficient, prepares for improved supervision

As recent scandals proved that the new anti-money legislation falls short of monitoring financial flows, the EU is leaning toward stepping up the supervision and enforcement of its rules.
Economy & Jobs 05-09-2018

Latvia: When the United States scolded the ‘Switzerland of the Baltics’

Latvian bank Rietumu has been hit with a fine of €80 million by French judges for having laundered hundreds of millions of euros. EURACTIV France reports in the second part of its Special Report on Latvia.
Economy & Jobs 04-09-2018

Latvia: the eurozone thriller

The investigation into the governor of the central bank of Latvia has put the last country to have entered the Eurozone under the spotlight. EURACTIV carries out a four-part investigation into the Switzerland of the Baltic states.
Economy & Jobs 04-09-2018

Latvia: The governor’s corruption undermines the ECB

Having been put under investigation for corruption at the end of June, the governor of Latvia's central bank is the third member of the ECB governing council to have been implicated in murky deals over the past year. EURACTIV France reports.
Future EU 23-08-2018

Merkel eyes German EU Commission chief: report

Chancellor Angela Merkel is focusing on securing the European Commission presidency for a German candidate, rather than backing Bundesbank chief Jens Weidmann to succeed Mario Draghi at the helm of the European Central Bank (ECB), Handelsblatt reported.
Banking union 20-08-2018

ECB fines France’s Credit Agricole over capital reserves

The European Central Bank announced on Monday (20 August) that it had fined French lender Credit Agricole a total of €4.8 million over past irregularities in the way it declared its capital reserves, Reuters reports.
Banking union 27-06-2018

Money laundering accusations in Latvia cast doubt on ECB credibility

The Governor of the Latvian Central Bank, suspended by the Parliament, continues to face extraordinary accusations. The Commission has promised to set up a working group by the summer to tackle money laundering. EURACTIV.fr reports.
Economy & Jobs 15-06-2018

Mario Draghi: The euro is irreversible

Despite concerns over a potential new euro crisis due to Italian political instability,the president of the European Central Bank,  Mario Draghi, believes the currency is “strong”. EURACTIV’s partner La Tribune reports.
Central Europe 13-06-2018

Bulgaria to launch joint application to euro waiting room and Banking union

Bulgaria will seek to join both the eurozone’s waiting room and the bloc’s banking union within a year, Finance Minister Vladislav Goranov said on Tuesday (12 June).
Economy & Jobs 29-05-2018

Spain’s former central banker: ‘De Guindos led us to disaster’

A former governor of the Bank of Spain told EURACTIV that Luis de Guindos has the right CV to become vice-president of the ECB, a post he will take up later this week. But the ex-minister’s “brutally wrong” decisions led the country to the “disaster” of the bailout, he added.
Banking union 23-05-2018

Commission to pour cold water on Bulgaria’s Eurozone ambition

Euro-hopeful Bulgaria does not yet meet the criteria to adopt the single currency, the European Commission will say today (23 May) in an assessment of European Union countries that must one day switch to the euro.
Economy & Jobs 16-05-2018

5-Star, League want ECB to forgive €250 billion of Italy debt

The anti-establishment 5-Star Movement and far-right Northern League plan to ask the European Central Bank to forgive €250 billion of Italian debt, according to a draft of a coalition programme the parties are working on.
Banking union 27-04-2018

Bulgaria’s Borissov unveils secret criteria for joining the eurozone

Bulgarian Prime Minister Boyko Borissov said he apologises for revealing a secret, but that the Bulgarians should know about the main additional condition for the country’s accession to the eurozone.  
Economy & Jobs 26-04-2018

ECB sees ‘loss of momentum’ in eurozone’s economic growth

ECB President Mario Draghi said on Thursday (26 April) that all eurozone countries experienced “some moderation in growth or loss of momentum” over the past weeks, as the institution is carefully reassessing how to exit the unconventional monetary measures adopted during the crisis.

Difficulties in combating money laundering in Europe

Despite tougher rules against money laundering, there are still many shortcomings among Member States, the European Central Bank and the Commission. EURACTIV.fr reports.
Banking union 10-04-2018

ECB admits negative effect of monetary stimulus on German and Spanish banks   

Amid growing concerns about the profitability of eurozone banks, the ECB said that the monetary decisions adopted after the financial crisis had a neutral effect on the money houses of the single currency area, except for German and Spanish lenders.
Banking union 27-03-2018

Banks should charge customers higher fees, says ECB

Banks should increase fees and commissions to customers to survive in the low interest rate environment, the ECB has argued in a new report.