European Central Bank

European Central Bank

• 

  Italy behind rise in eurozone jobless to record

  Italy's voters gave their verdict on the austerity medicine they've been forced to take when they went to the polls earlier this week. By Friday, one ... 

• 

  Italy turmoil raises questions about ECB backstop

  Why has Italy's muddled election result spooked global investors so much? Because it raises unsettling questions about the availability of the ... 

• Draghi: Reforms must continue despite social cost

  European Central Bank President Mario Draghi has acknowledged that austerity measures and economic reforms can have heavy social costs — but argues ... 

• Italy pays more to borrow after election turmoil

  Italy saw its borrowing costs jump in a pair of bond auctions Wednesday after an inconclusive election that has raised fears Europe's government debt ... 

• 

  Q&A: Why Italian election has shaken investors

  Italy's inconclusive election has rattled markets and raised the fear that Europe's crisis over too much government debt could flare again after ... 

• Banks repay less ECB credit than expected

  Banks are repaying a much lower-than-expected €61.1 billion ($80.57 billion) in emergency loans they got last year from the European Central Bank — ... 

• ECB: Nearly half of bond holdings from Italy

  The European Central Bank says Italian government bonds account for nearly half of its total holdings under a now discontinued bond-buying program ... 

• German central bank recovers most Lehman losses

  Germany's central bank has finally recovered most of the billions in loans that a local subsidiary of Lehman Brothers defaulted on when the U.S. 

• 

  Portugal raises $2B in debt sale, cuts forecasts

  Portugal raised €1.5 billion ($2 billion) in a debt sale at sharply lower rates Wednesday as the bailed-out country continues to benefit from ... 

• 

  ECB's Draghi pushes for European bank bailout fund

  European Central Bank President Mario Draghi said Monday the 17-country eurozone must move swiftly to set up a joint fund to restructure and wind down ... 

• ECB: Cyprus aid with anti-money-laundering control

  The European Central Bank chief says a financial rescue package for Cyprus must be accompanied by close and continuous monitoring of its progress in ... 

• 

  Runoff called in Cyprus' presidential election

  Cyprus heads into a runoff presidential election next weekend, with voters called on to select who will lead the country through a severe financial ... 

• 

  Q&A: Currency the latest threat to global economy

  The world economy faces a new threat. Instead of a banking collapse or too much debt, fears are growing that countries are using their currencies as ... 

• 

  ECB's Draghi: Spain is 'on the right track'

  Spain has succeeded in stabilizing a banking system that almost collapsed last year and is well-positioned for better economic times going forward, ... 

• 

  G7 seeks to defuse currency war fears

  The Group of Seven leading industrial nations, which includes the U.S., Japan and Germany, warned Tuesday that volatile movements in exchange rates ... 

• ECB member warns against trying to weaken euro

  A member of the European Central Bank's governing council has warned that any government attempts to push the euro lower could backfire. Jens Weidmann ... 

• Report: ECB presses for Cyprus aid deal

  A top European Central Bank official is pressing for an agreement soon on a rescue package for Cyprus — a prospect viewed with little enthusiasm in ... 

• Irish unions lead marches to protest austerity

  Trade unionists marched in Ireland's capital Saturday to protest the continuing high cost of the country's crippling bank bailout program. The Irish ... 

• 

  ECB's Draghi assessing impact of strong euro

  European Central Bank President Mario Draghi pledged Thursday to keep a close eye on the recent rise of the euro, which some of the region's leaders ... 

• 

  Ireland seals ECB deal to slash bank bailout costs

  Ireland clinched a long-sought agreement Thursday with the European Central Bank to restructure the loans used to bail out its failing banks, a deal ... 

• Text of statement by ECB President Mario Draghi

  Ladies and gentlemen, the Vice-President and I are very pleased to welcome you to our press conference. We will now report on the outcome of today's ... 

• Oil prices close to $97 ahead of ECB meeting

  The price of oil inched up to near $97 a barrel on Thursday, as markets awaited the outcome of a European Central Bank policy meeting and a report on ... 

• Ireland dissolves 'bad bank' in midnight debt move

  Ireland's red-eyed lawmakers have voted to dissolve one of the country's "bad banks" in an emergency measure designed to pave the way for a new ...