European Central Bank news and stories by mail.com

European Central Bank

Eurozone industrial output in surprise slump
Industrial production across the 17 European Union countries that use the euro unexpectedly slumped in October, official figures showed Wednesday, in ...
German investor optimism up more than expected
An index of German investor optimism rose more than expected in December, suggesting market professionals think Europe's largest economy will avoid ...
Italian election means new stress for eurozone
Until last weekend, Europe seemed headed for a quiet Christmas and New Year's. Then Italy's Prime Minister Mario Monti unexpectedly announced he was ...
Draghi supports Hungary's embattled central bank
European Central Bank President Mario Draghi on Friday defended his Hungarian counterpart against the government's efforts to limit his independence ...
German central bank cuts 2013 growth forecast
Germany's central bank sharply cut its 2013 economic growth forecast to 0.4 percent on Friday, while poor industrial production figures underlined ...
Asia stocks rise as US employment claims dip
Asian stock markets rose Friday after the number of Americans seeking unemployment benefits fell last week, offsetting a somber economic forecast by ...
Oil drops on bleak outlook for Europe economy
The price of oil fell Thursday after the European Central Bank predicted a bleak year ahead for the region's economy but stopped short of offering new ...
ECB cuts growth outlook for eurozone, holds rates
The European Central Bank warned of another gloomy year for the 17 European Union countries that use the euro, cutting its forecast for economic ...
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 ...
ECB President Mario Draghi's speech
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 ...
ECB holds rates, may be done with euro stimulus
The European Central Bank left its key interest rate unchanged at a record low Thursday, holding off on further stimulus even as the economy across ...
Eurozone retail sales slump in October
Retail sales across the 17 European Union countries that use the euro slumped far more than anticipated in October, largely due to a huge drop in ...
Germany, France at odds over EU banking supervisor
European Union countries are dragging themselves to a year-end summit with a heavy load of unfinished business aimed at shoring up confidence in the ...
Eurozone unemployment hits another record high
Another month, another record unemployment rate for the economy of the 17 European Union countries that use the euro. Figures released Friday by ...
Greek bankruptcy averted - for now
European and global financial leaders have agreed to release €44 billion ($57 billion) in critical loans to Greece and provide billions in additional ...
Eurozone, IMF reach deal to reduce Greek debt
The 17 European Union nations that use the euro have struck an agreement with the International Monetary Fund on a program to reduce Greek debt and ...
ECB official presses for Greek aid deal
A top European Central Bank official says he hopes eurozone countries will clear the way Monday for Greece to receive its next aid installment, ...
EU leaders approve Mersch, another male, for ECB
The appointment of Luxembourg's top banker to a top post at the European Central Bank left it looking a lot like an Old Boys' Club on Friday.
Germany: EU supervisor must focus on biggest banks
Europe's planned single banking supervisor should focus only on the biggest institutions that pose the greatest risk to the financial system, a German ...
Greek PM presses for deal on loan
Greece reacted with dismay Wednesday after European finance ministers failed to agree to release vital rescue loans, with the prime minister warning ...
Eurozone fails to reach deal on Greece aid
European Union officials failed Wednesday to reach a deal on giving Greece more aid, prolonging uncertainty over the future of the debt-hobbled ...
As eurozone economy shrinks, govt debt loads grow
Europe's government-debt crisis is no longer panicking financial markets. But it won't end until the region's economy starts growing strongly again.
Eurozone slides back into recession
The 17-country eurozone has fallen back into recession for the first time in three years as the fallout from the region's financial crisis was felt ...
Bank lobby chief: Greece needs help, not writedown
Greece needs more lenient targets to reduce its budget deficit, not a debt write-off by official creditors, which wouldn't be politically feasible, ...