European Central Bank

Central-Bank Comments Boost Euro

Law Blog - WSJ.com (Free subscription) | yesterday

Hints at further effective policy easing from the U.S. Fed but modest gradual tightening from the European Central Bank sent the euro higher against the dollar.

Also sprach ZaKrugman

SCSUScholars (Free subscription) | 2 hours ago

Why, people ask, would I want to compare us to Belgium and Italy ? Both countries are a mess! ... If these countries can run up debts of more than 100 percent of GDP without being destroyed by bond vigilantes, so can we. Yoohoo! Mr. Nobel! Greece would like a word with you : Greece is disturbingly close to a debt compound spiral. It is the first developed country on either side of the Atlantic to push...

RBA head banking on major party

New Zealand Herald (Free subscription) | 9 hours ago

SYDNEY - Reserve Bank of Australia governor Glenn Stevens has invited several of the world's top central bankers to celebrate his institution's 50th anniversary in February, the Sydney Morning Herald says.European Central Bank...

Greek falls alert eurozone

Financial Times (Free subscription) | yesterday

Greece’s bond and stock markets have fallen sharply amid fears for its banks and economy as the European Central Bank prepares to end emergency funding

Greek market falls alert eurozone

Financial Times (Free subscription) | yesterday

Greece's bond and stock markets have fallen sharply amid fears for its banks and economy as the European Central Bank prepares to end emergency funding

'Premature' to declare crisis over: ECB head

France 24 (Free subscription) | yesterday

European Central Bank President Jean-Claude Trichet said Monday it was "premature" to declare the global financial crisis over. But he said the bank had a strategy to withdraw the liquidity-providing measures it put in place to support the financial system through the credit crunch when the time was right to do so. "As of today it is still premature to declare the financial crisis over....

• Trichet: 'Premature' to say crisis is over - Top Stories: BreakingNews.ie

ECB's Trichet praises U.S. call for strong dollar

Market Watch (Free subscription) | yesterday

LONDON (MarketWatch) -- European Central Bank President Jean-Claude Trichet on Monday said a strong U.S. dollar is important for the stability of the world economy, Dow Jones Newswires reported. Asked at a conference in Madrid whether he was concerned about the current level of the euro against the dollar, Trichet said he considers it "extremely important that the U.S. authorities" say a...

ECB's Trichet: Pressing need for fiscal exit plans

Market Watch (Free subscription) | yesterday

European Central Bank President Jean-Claude Trichet stepsup pressure on euro-zone national governments to begin formulating plans to exit massive fiscal stimulus packages.

Trichet sees 'pressing need' for fiscal exit plans

Market Watch (Free subscription) | yesterday

LONDON (MarketWatch) -- The European Central Bank's extraordinary monetary stimulus measures are set to phase out by design, but governments also need to begin putting together detailed plans to exit fiscal stimulus measures once economic conditions improve, ECB President Jean-Claude Trichet said in a speech delivered Monday in Madrid. "The additional fiscal costs that governments have shouldered...

Not Ready for Take-Off

Turbulence Ahead (Free subscription) | yesterday

An old friend of mine once served on the aircraft carrier HMS Ark Royal. Any time I was going to catch a plane he would 'helpfully' remind me that "take-off is far more dangerous than landing". Something to do with heavy airplanes full of fuel, fixed length runways, the laws of physics - that sort of thing. He'd obviously seen more than a few ditch in the sea in his time. For some reason...

Crude Gains Ground

Law Blog - WSJ.com (Free subscription) | yesterday

Crude oil futures traded higher in London as the dollar weakened against the euro on talk the European Central Bank will revise its liquidity measures ahead of the Fed.

Weekly € rates and comments – week commencing 23rd November 2009

Euro Exchange Rate and Comments (Free subscription) | yesterday

Sterling is moving in a fairly narrow range against a wide range of currencies. It is the speed of movement between the extremes of this narrow range which makes it difficult to assess when best to do a transaction. The key UK releases of last week were firstly the Bank of England minutes and secondly the level of government borrowing for October. The BoE minutes identified that 7 of the 9 members...

Will Stimulus Unwinding Crush Europe ETFs?

SeekingAlpha ETFs (Free subscription) | yesterday

Michael Johnston submits: In an unexpected development, the European Central Bank announced Friday that it will tighten the standards under which it accepts asset-backed securities as collateral from banks for refinancing tenders after March 1. While this step seems relatively minor, analysts viewed its as the first step towards unwinding the massive stimulus plans put into effect to save the struggling...

Europe's Bank Tightens Loan Rules

DealBook (Free subscription) | 11/23/2009

The European Central Bank on Friday tightened the rules for the collateral it accepts against loans as it prepares to unwind emergency liquidity measures.

23 Nov Speech Gertrude Tumpel-Gugerell: The Progress of Migration to SEPA

European Central Bank (Free subscription) | 11/23/2009

European Central Bank criticizes car scrapping schemes

habser | 10/18/2009

Car scrapping schemes have been lauded for having kept the auto industry afloat but the European Central Bank is saying that it actually has little benefit for the economy as a whole. In an article in its latest monthly bulletin, the ECB warned that these programs created a temporary boost for automakers at the expense of other sectors and has the effect of delaying much needed consolidation.