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European Central Bank

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, ...
EU talks on banking union to expose divisions
European finance ministers inched toward strengthening their banking sectors and the management of their economies at a meeting in Brussels on ...
After 3 bumpy years, Europe turns corner on crisis
The worst of Europe's financial crisis appears to be over. European leaders have taken steps to ease the panic that has plagued the region for three ...
Greek wait for cash goes on despite austerity vote
Greece's euro partners won't be able to release the country's next batch of bailout cash next week, even though the Greek Parliament narrowly backed ...
ECB president warns on economic growth
European Central Bank President Mario Draghi has warned that the economy of the 17 countries that use the euro remains weak and will struggle to grow ...
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 ...
Dow loses 313 in post-election sell-off
Wall Street greeted a second Obama term the way it greeted the first. Investors dumped stocks Wednesday in the sharpest sell-off of the year. With the ...
EU: Eurozone recession to be worse, rebound slower
Europe's economy is still reeling and unemployment could remain high for years despite the progress made in solving the debt crisis, the European ...
German experts lower growth forecast, urge savings
Germany's government must do more to cut spending to get its deficit under control as the economy is weakening faster than earlier expected, the ...
Spain further delays ECB board nomination
The European Union's member states failed on Monday to name Luxembourg's top banker to the executive board of the European Central Bank after Spain ...
Spain: Pressure to demand a bailout is easing
Spain is feeling less pressure to seek European financial aid in the short term because its state borrowing costs have dropped since the European ...
ECB phases out bond-market crisis measure
The European Central Bank has phased out one of the crisis measures aimed at supporting the shaky banking system of the 17-country eurozone. The bank ...
Eurozone unemployment rises to new record
Unemployment in the 17-country eurozone hit a record high of 11.6 percent in September, official figures showed Wednesday, a sign the economy is ...
ECB: Loan demand sags in slack eurozone economy
The European Central Bank has more dismal numbers about the slack eurozone economy. The chief monetary authority for the euro reports a "pronounced ...
Streamlining costs dent Deutsche Bank in Q3
Deutsche Bank saw profits slip 3 percent in the third quarter from a year ago, as higher costs for streamlining its business and from credit writeoffs ...
Spain's Rajoy rules out imminent request for help
Spain has no immediate need to ask for outside aid to help deal with its debts, Prime Minister Mariano Rajoy insisted Monday. Spain, which is in ...
Germany: No to new Greek debt haircut
Germany's finance minister has dismissed the idea of governments and other public creditors taking a hit on their Greek debt holdings, arguing that ...
Lending still weak in slack eurozone economy
Another drop in lending to companies in the 17-country eurozone showed the economic downturn is deepening, as a brighter mood on financial markets ...
EU Parliament rejects candidate for ECB top post
The European Parliament has rejected Luxembourg's top central banker for a post at the European Central Bank, an unprecedented move taken to protest ...