European Central Bank news and stories by mail.com

European Central Bank

Greek coalition has 'basic agreement' on austerity
Greece's coalition government reached a "basic agreement" Thursday on a new round of harsh austerity cuts demanded by its international lenders.
US stocks fall on Europe unrest, weaker home sales
A mixed report about the housing market and unrest in Europe on Wednesday extended the longest losing streak for the Standard & Poor's 500 index since ...
Greek riots, Spanish marches shatter market calm
Europe's fragile financial calm was shattered Wednesday as investors worried that violent anti-austerity protests in Greece and Spain's debt troubles ...
ECB's Draghi defends bond-buying plans to Germans
The head of the European Central Bank sought Tuesday to win a skeptical German audience over to his plans to buy potentially unlimited amounts of ...
Italy's borrowing costs continue to fall
Italy is finding it easier to raise money on the world's debt markets thanks to the European Central Bank's decision to help lower the borrowing costs ...
Italy, Greece insist on safeguarding eurozone
The leaders of Italy and Greece are insisting on the "absolute need" to preserve the eurozone, as Greek politicians struggle to put together an ...
Europe financial watchdog: markets still fragile
Europe's financial stability watchdog says EU markets remain "vulnerable." That's despite a recent calming of tensions from the crisis over too much ...
Spain urged to seek aid despite strong bond sale
Spain raised €4.8 billion ($6.2 billion) in a debt auction Thursday that saw strong demand and a substantial drop in its borrowing costs. But analysts ...
Eurozone in deepening recession, survey finds
Europe appears headed for a deepening economic recession despite a recent easing in market concerns over the three-year debt crisis, a closely-watched ...
Spain has space, but limited time to seek bailout
Spain is breathing a little easier ever since the European Central Bank said it would buy unlimited amounts of government bonds to help countries like ...
Bailed-out Portugal pays less to borrow $2.6 bln
Portugal's interest rates fell steeply in a short-term debt auction Wednesday where it borrowed €2 billion ($2.61 billion), evidence that the European ...
Spain under pressure to seek aid as bad debt soars
The amount of bad debt in Spain's banks rose to a record in July, according to data released Tuesday, as the country came under further pressure to ...
German investor optimism rises after 4-month drop
Investor confidence in Germany's economy rose in September after falling the previous four months, according to the ZEW institute's index. The index ...
Large anti-austerity protests in Spain, Portugal
Tens of thousands of people from all over Spain rallied in the capital Saturday against punishing austerity measures enacted by the government, which ...
Europe at loggerheads over banking reform
Europe faces weeks of tough negotiations to agree on a new region-wide banking supervisor after divisions emerged over the new body's powers at a ...
Spain inches closer to financial help request
Spain revealed Friday that it will present a new set of economic reforms by the end of the month, in a move that raises hopes that the struggling ...
World stocks jump on Fed pledge for US economy
World stock markets shot higher Friday after the Federal Reserve met investor expectations by giving the green light to big asset purchases to boost ...
As Fed ends meeting, many expect bold action
The Federal Reserve ends a two-day meeting Thursday with expectations high for some new action to jolt the lackluster U.S. economy. Many investors ...
Expectations high for Fed to announce major action
If the world's investors are right, the Federal Reserve is about to take a bold new step to try to invigorate the U.S. economy. And many expect the ...
Top EU official: greater political union is needed
European Union officials are asking national governments to give up control of their banks as they try to pull the region closer together to solve its ...
Market relief at German ruling fades ahead of Fed
Investors breathed a sigh of relief Wednesday, sending the euro briefly above $1.29 for the first time in four months after Germanys highest court ...
German court rejects calls to block ESM fund
Germany's highest court paved the way Wednesday for the creation of Europe's €500 billion ($640 billion) rescue fund for indebted governments after ...
Italy pays lower borrowing costs in bond auction
Italy has paid lower interest rates to raise €12 billion ($15.34 billion) in its first bond auction since the European Central Bank unveiled its ...
Commission wants ECB to supervise all euro banks
The European Central Bank should be given the power to supervise all the banks in the 17 countries that use the euro and also be able to fine ...
German court ruling is key moment in debt crisis
A closely watched ruling by Germany's Federal Constitutional Court could trip up European leaders' efforts to calm the region's debt crisis. The court ...