European Central Bank

European Central Bank

• ECB official: New bank authority 'indispensable'

  A top European Central Bank official is calling for quick creation of an agency with powers to restructure and wind down busted banks, in an apparent ... 

• German central bank: Economy to improve 'markedly'

  Germany's central bank expects the country's economy to improve "markedly" in the second quarter — a development that could boost the wider eurozone ... 

• Glance: Europe's Key Institutions

  Following the chaotic bailout of Cyprus, top European Union officials are saying it's time to rethink how the region manages its crisis — and who ... 

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  Top officials call to overhaul euro institutions

  Engineering a financial bailout for Cyprus in March was such a chaotic process that top European officials say it is time to rethink how the region ... 

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  Merkel, Hollande at odds over Europe's way forward

  Germany and France recognize that their cooperation is key to overcoming Europe's persistent economic crisis, but comments Thursday by the leaders of ... 

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  Eurozone recession is now longest in currency bloc

  The eurozone is now in its longest ever recession — a stubborn slump that has surpassed even the calamity that hit the region in the financial crisis ... 

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  EU to shift bill for bank failures to creditors

  European Union governments want to shift the cost of rescuing troubled banks from taxpayers to the banks' creditors — including the holders of large ... 

• German inflation drops to near 3 year low

  Inflation in Germany, Europe's largest economy, has hit its lowest rate in nearly three years largely on the back of a fall in fuel costs. The Federal ... 

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  Europe at odds over next steps to banking union

  European leaders are increasingly at odds over how to create a full-fledged banking union, the bloc's key project to stabilize its financial system ... 

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  G7 says Japan playing by currency rules

  Finance leaders from the Group of Seven leading industrial economies say Japan's stimulus policies are directed at boosting its economy out of a ... 

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  German Cabinet approves ECB bank supervision

  German Chancellor Angela Merkel's Cabinet has approved plans to hand the European Central Bank the power to oversee the continent's lenders, the main ... 

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  Spain, Italy team up to demand crisis relief

  The premiers of Spain and Italy teamed up Monday to push the eurozone to focus more on spurring economic growth instead of just reducing debt — a move ... 

• ECB, Germany at odds over banking union set-up

  The European Central Bank and Germany, the bloc's biggest economy, are at odds over how to set up the banking union that is meant to stabilize the ... 

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  Strong US jobs report triggers stock market rally

  Stock markets rallied on Friday, with both the Dow and S&P hitting new highs, after an unexpectedly strong U.S. jobs report indicated the world's ... 

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  EU predicts eurozone recession to continue in 2013

  Europe will take longer to recover from its economic crisis as it tackles a worse-than-expected recession in the eurozone and unemployment at record ... 

• Oil up again to near $95 ahead of US jobs data

  The price of crude oil continued to rise Friday, a day after posting its biggest jump this year, as traders awaited the release of a closely watched U 

• Asia stocks rise on US jobs data

  Asian stock markets rose Friday, finding renewed strength from a fall in U.S. jobless benefit claims and an interest rate cut by the European Central ... 

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  ECB cuts benchmark interest rate to 0.5 percent

  The European Central Bank cut its key interest rate to a record low 0.50 percent Thursday and announced other measures to spur lending and help lift ... 

• A look at impact of ECB rate cut

  The European Central Bank influences the cost of borrowing in the economy of the 17-country eurozone by moving its key interest rate up and down. 

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  Key quotes from ECB head Draghi's press briefing

  At his monthly news conference following the European Central Bank's policy-setting meeting, President Mario Draghi on Thursday answered questions ... 

• Reactions to European Central Bank rate cut

  The European Central Bank, which sets monetary policy for the 17 European Union countries that use the euro, cut its main interest rate by a quarter ... 

• Denmark cuts key interest rate to 0.2 percent

  Denmark's central bank has cut its key interest rate by 0.1 percentage points to 0.2 percent following a similar move by the European Central Bank. 

• Glance: Key ECB measures to calm eurozone crisis

  The European Central Bank and its president, Mario Draghi, have played a key role in fighting the government debt crisis afflicting the 17 European ... 

• Credit-easing steps by central banks, at a glance

  The European Central Bank cut its key interest rate Thursday by a quarter percentage point to a new all-time low of 0.5 percent, a move aimed at ... 

• Text of statement by ECB President Mario Draghi

  Below is the full text of the statement that European Central Bank President Mario Draghi delivered at his press conference on Thursday. "Ladies and ...