About: ECB

Politics 08-05-2020

Tweets of the Week: Court Decision, Funding Marathon, Deconfinement Rules

German court ruling gives ECB a fright, global leaders pull together with all of their might, and in some places it seems a lockdown end is in sight.
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.
Euro & Finance 30-09-2015

Securitization was ‘stigmatized’ by the financial crisis, Hill says

Is securitization a safe financial product? Finance Commissioner Hill argued that the European record on securitization after the crisis has been “much stronger and much better” than in the US, and that the Capital Markets Union will follow the advice given by the ECB and the Bank of England, “highly conservative and regulation-minded institutions”. The EU has a good basis to work from, he told reporters on Wednesday (30 September).
Economy & Jobs 02-07-2015

No further talks with Greece before referendum, Dijsselboem says

“The political situation has not changed. There are no grounds for an extension. So unfortunately the programme expired last night at midnight,” Eurogroup President Jeroen Dijsselboem said on Wednesday after eurozone finance ministers held a conference call to discuss the Greek crisis.
Euro & Finance 15-04-2015

Draghi assaulted by protester at ECB meeting

ECB chief Mario Draghi was assaulted by a protester during a presser on Wednesday (15 April). Jumping up on the table in front of him like a karate kid while throwing confetti, the young woman shouted 'ECB dictatorship' with a German accent, before she was wrestled out of the press room by security guards.
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Economy & Jobs 05-03-2015

ECB to start bond purchases on March 9

The European Central Bank will start buying government debt in its new quantitative easing programme on March 9, ECB chief Mario Draghi said on Thursday.
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Economy & Jobs 05-02-2015

Moscovici: EU’s economic forecast a little brighter

The European Commission said on Thursday that the economies of all EU Member States are expected to grow again in 2015, the first time since 2007.
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Economy & Jobs 05-06-2014

ECB cuts interest rate to 0.15%

Speaking to journalists after its monthly Governing Council meeting, ECB president Mario Draghi said that the ECB has decided to cut interest rates to 0.15%.
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Economy & Jobs 14-01-2014

ECB introduces new 10 euro notes

The European Central Bank unveiled new 10 euro notes on Monday which will enter into circulation from September this year. In a bid to curb counterfeiting, the notes have a number of new security features, including more sophisticated holograms and watermarks.
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Economy & Jobs 14-10-2013

Eurozone ministers to say who pays for banks’ clean up

Eurozone countries will consider today (14 October) how to pay for the repair of their broken banks after health checks next year, which are expected to uncover problems that have festered since the financial crisis.
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Economy & Jobs 05-04-2013

Draghi slams handling of Cyprus bailout

ECB president Mario Draghi on Thursday slammed the Cyprus negotiators for their initial proposal of making small savers pay for the country's bailout, He called the idea 'not smart, to say the least'. Draghi was quick to add that the proposal of imposing a levy on small savers did not come from the ECB.
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Euro & Finance 02-04-2013

EC on latest developments in Cyprus

Cyprus clinched a last-ditch deal with international lenders on 25 March to shut down its second largest bank and inflict heavy losses on uninsured depositors, including wealthy Russians, in return for a €10-billion bailout. Under the deal, Cyprus Popular Bank will be closed and its guaranteed deposits of up to €100,000 transferred to the biggest bank, Bank of Cyprus.
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Euro & Finance 22-03-2013

EC on Cyprus’ bailout

Cyprus is rushing a 'plan B' through Parliament in order to secure an international bailout that would prevent a meltdown of its banking system, while the European Central Bank gave the country until Monday to raise billions.
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Economy & Jobs 06-09-2012

ECB’s Draghi presents eurozone rescue plan

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".
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Economy & Jobs 04-09-2012

MEPs disclose Draghi’s bond-buying plan

Despite strong German opposition, the ECB could buy government bonds maturing in three years or less. This is what European Central Bank chief Mario Draghi suggested to a closed hearing at the European Parliament on Monday, according to MEPs present. "I understood the exchange in such a way that in the future there will be again interventions by the ECB." ALSO "I would see this in such a way that there could be tensions in the ECB Board, that's why he did not wanted to comment in public.", said Sven GIEGOLD (Greens/ALE, DE).
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Banking union 31-08-2012

EU to unveil banking union plan on Sept 12th

European Commission president Jose Manuel Barroso said on Thursday that he will unveil a banking union proposal on September 12th. The proposal will coincide with his "State of the Union" speech at the European Parliament, and will outline a plan that could see the European Central Bank increasing its powers of supervision and intervention. The banking union is expected to focus on euro-zone members, as non-eurozone countries are likely to opt-out.
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Economy & Jobs 28-08-2012

Rajoy urges Van Rompuy to speed up banking union, denies bailout talks

Spanish Prime Minister Mariano Rajoy on Tuesday urged EU Council chief Herman Van Rompuy to quickly implement the decisions made at the last EU Summit. Earlier in June, European leaders reached a deal to create a euro zone banking union to be supervised by the ECB. Under the new rules, the EU bailout fund could directly recapitalise debt-ridden banks.
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Economy & Jobs 21-08-2012

Greece in diplomatic talks amid euro exit fears

As European leaders slowly return from their summer break, Greece is at the center of the European stage yet again. Athens is expected this week to ask for two extra years to meet its deficit targets. The idea however hasn't gone down well amongst international creditors, who are due to release a 30 bn euro loan as early as next month in order to save Greece from defaulting. The European Commission said on Monday that no decision will be made until late September when Europe's assessment on Greece's reforms will be published.
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Economy & Jobs 15-06-2012

Greece election to decide fate of euro

Greece is holding elections next Sunday in what could be a decisive day for the fate of the euro zone. After Greek political parties failed to form a government on the 6th of May, Greeks go to the polls again to decide wether they want to keep the euro. Recent polls have shown a tight race between anti-bailout extreme-left coalition Syriza and center-right New Democracy. Earlier this week, Syriza's leader insisted that he doesn't hope for a Greek euro exit, but he wants to renegotiate the severe bailout conditions imposed by the Troika.
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Banking union 06-06-2012

EC presents plan for crisis banks

The European Commission on Wednesday unveiled a new proposal that will protect taxpayers from banks that go bust. Under the new draft legislation, shareholders and creditors would be forced to accept losses of troubled-banks instead of using public-funded bailouts. The new plan also allows member states to take control of crisis-hit banks and replace the management. Each institution would also have to create a special fund dedicated specifically for potential future crises.
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Economy & Jobs 24-05-2012

EU prepares for ‘new stage’ in economic union

European leaders will discuss plans for deeper economic integration in the euro zone at their next meeting in June, after an inconclusive summit yesterday (23 May) saw open divergences between France and Germany over how to restore the EU's sluggish economic growth. European Council President Herman Van Rompuy will present a report exploring ways to deepen economic integration in the euro zone when EU leaders hold their next meeting on 28-29 June.
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Economy & Jobs 15-05-2012

Hollande to have first date with Merkel

They will meet in only a few hours. The new French president Francois Hollande has already warned German Chancellor Angela Merkel that he wants growth to be the way out of the crisis.
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Economy & Jobs 15-05-2012

European FMs rule out a ‘Grexit’

Discussions of a Greek euro exit, or a Grexit, have become more prominent in Brussels after Greek leaders failed to form a coalition government since elections were held on 6th of May. But eurozone finance ministers on Monday reaffirmed their commitments to keep Greece in the euro zone. But the EU also warned the Greek authorities that the austerity measures agreed need to be implemented. Greece is due to receive a second bailout in early June in order to avoid default.
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Economy & Jobs 11-04-2012

Spain denies bailout talks

Is Spain next in line for a Greek style bail-out? Spanish Finance Minister Luis de Guindos does't think so, at least not for the moment. Spain is at the center of a financial storm as markets pushed the cost of its bonds to soar above 6%. In a bid to calm the markets and keep Brussels happy, the Spanish government on Tuesday announced a 10 billion euro slash in its public spending. The European commission welcomed the move, which comes on top of 78 billion euros in cuts presented in March.