http://www.mail.com/int/organizations/1378-european-central-bank.html Mail.com - the best personalized free web-based Email en en http://sec-s.uicdn.com/mail.com/2.29/img/mailcom_logo_rss.png http://www.mail.com/int/organizations/1378-european-central-bank.html http://www.mail.com/int/business/markets/2162044-cyprus-seeks-help-creditors-troubled-bank.html NICOSIA, Cyprus (AP) — Cyprus' president has warned the country's international creditors that its largest bank's cash reserves are running dangerously low, a problem that could undermine the country's 23 billion euro ($30.8 billion) financial rescue package. In a letter obtained by the Associated Press Wednesday, Nicos Anastasiades told the heads of the ... Wed, 19 Jun 2013 17:47:55 GMT http://www.mail.com/int/business/markets/2162044-cyprus-seeks-help-creditors-troubled-bank.html 2013-06-19T17:47:55Z http://www.mail.com/int/business/markets/2146426-ecb-official-defends-crisis-measures-court.html KARLSRUHE, Germany (AP) — A top European Central Bank official rejected accusations that the bank had exceeded its powers while fighting the financial crisis, telling Germany's supreme court its bond-buying program is only meant to ensure its monetary policy works. The Federal Constitutional Court was holding a second day of hearings to weigh allegations ... Wed, 12 Jun 2013 17:42:12 GMT http://www.mail.com/int/business/markets/2146426-ecb-official-defends-crisis-measures-court.html 2013-06-12T17:42:12Z http://www.mail.com/int/business/markets/2143226-german-court-weighs-legality-ecb-crisis-measure.html KARLSRUHE, Germany (AP) — Top European financial officials testified Tuesday for and against a European Central Bank program that has been instrumental in calming the euro debt crisis as it faced a legal challenge in Germany's highest court. The Federal Constitutional Court in Karlsruhe is considering arguments against the ECB's program, which has been cr... Tue, 11 Jun 2013 16:31:27 GMT http://www.mail.com/int/business/markets/2143226-german-court-weighs-legality-ecb-crisis-measure.html 2013-06-11T16:31:27Z http://www.mail.com/int/business/markets/2141052-ecb-defends-bond-program-german-hearing.html BERLIN (AP) — A top European Central Bank official has warned that a German court judgment against the bank's program to buy the bonds of troubled economies could reignite concerns over the future of the euro. Germany's Federal Constitutional Court, the country's highest, holds a two-day hearing starting Tuesday centering partly on the ECB's offer last Se... Mon, 10 Jun 2013 14:28:46 GMT http://www.mail.com/int/business/markets/2141052-ecb-defends-bond-program-german-hearing.html 2013-06-10T14:28:46Z http://www.mail.com/int/business/markets/2133364-asia-stocks-fall-ahead-us-jobs-report.html BANGKOK (AP) — Asian stock markets fell Friday, ignoring a rebound on Wall Street, as investors stayed on the sidelines ahead of a key U.S. jobs report later in the day. Investors were also registering disappointment with the European Central Bank after it failed to fulfill hopes for a dramatic step to spark economic activity in the recession-mired region... Fri, 07 Jun 2013 05:04:27 GMT http://www.mail.com/int/business/markets/2133364-asia-stocks-fall-ahead-us-jobs-report.html 2013-06-07T05:04:27Z http://www.mail.com/int/business/economy/2133024-ecb-cuts-eurozone-outlook-rate-held-05-pct.html FRANKFURT, Germany (AP) — The European Central Bank has cut its growth forecast for the troubled euro area this year, but said there were enough signs of improvement ahead that it did not need to cut interest rates further. The decision to hold off and wait for the economy to gather steam underscores the lack of quick fixes the ECB and Europe's institutio... Thu, 06 Jun 2013 15:57:21 GMT http://www.mail.com/int/business/economy/2133024-ecb-cuts-eurozone-outlook-rate-held-05-pct.html 2013-06-06T15:57:21Z http://www.mail.com/int/business/markets/2130380-glance-key-ecb-measures-to-calm-eurozone-crisis.html FRANKFURT, Germany (AP) — The European Central Bank and its president, Mario Draghi, have played a key role in fighting the government debt crisis afflicting the 17 European Union member countries that use the euro. The ECB is the issuer of the euro currency and serves as the top monetary authority for the eurozone and its 333 million people. Some of its ... Thu, 06 Jun 2013 13:59:29 GMT http://www.mail.com/int/business/markets/2130380-glance-key-ecb-measures-to-calm-eurozone-crisis.html 2013-06-06T13:59:29Z http://www.mail.com/int/business/markets/2130334-ecb-searches-ways-to-boost-sagging-eurozone.html FRANKFURT, Germany (AP) — Europe's economy badly needs a push. The European Central Bank says it stands ready to help. But how? To stimulate growth, the ECB has already cut its benchmark interest rate to a record low, reducing borrowing costs for business and consumers in the 17 European Union countries that use the euro. ... Wed, 05 Jun 2013 15:57:29 GMT http://www.mail.com/int/business/markets/2130334-ecb-searches-ways-to-boost-sagging-eurozone.html 2013-06-05T15:57:29Z http://www.mail.com/int/news/europe/2130614-latvia-go-ahead-to-18th-euro-member.html FRANKFURT, Germany (AP) — The tiny Baltic state of Latvia has won approval to become the 18th member of the troubled euro currency union — despite doubts among many of its people and international concerns about its banking system. European Union officials said Latvia's willingness to join next year is a vote of confidence for the shared currency. At the ... Wed, 05 Jun 2013 14:03:17 GMT http://www.mail.com/int/news/europe/2130614-latvia-go-ahead-to-18th-euro-member.html 2013-06-05T14:03:17Z http://www.mail.com/int/business/economy/2130586-eurozone-recovery-proves-elusive.html LONDON (AP) — Several economic figures for the 17 EU countries that use the euro all showed the same thing Wednesday — there's no sign of a recovery from recession. Eurostat, the European Union's statistics office, confirmed that the eurozone's economy as a whole shrank 0.2 percent in the first quarter of the year from the previous three-month period, wit... Wed, 05 Jun 2013 11:28:44 GMT http://www.mail.com/int/business/economy/2130586-eurozone-recovery-proves-elusive.html 2013-06-05T11:28:44Z http://www.mail.com/int/business/markets/2128044-asia-stocks-fall-focus-stays-feds-step.html BANGKOK (AP) — Asian stock markets fell Wednesday as signs the U.S. Federal Reserve might scale back its super-loose monetary policy caused investors to trim equity investments. Comments from Fed official Esther George, who said Tuesday she supported slowing the pace of Fed bond purchases "as an appropriate next step," raised expectations that the central... Wed, 05 Jun 2013 05:22:29 GMT http://www.mail.com/int/business/markets/2128044-asia-stocks-fall-focus-stays-feds-step.html 2013-06-05T05:22:29Z http://www.mail.com/int/business/markets/2125548-germany-to-help-spain-with-credit-growth-jobs.html BERLIN (AP) — Germany is setting up a loan program for struggling small and medium-sized firms in Spain to boost growth and jobs in the crisis-hit southern European economy, according to a document obtained Monday. Germany's state-owned KfW bank will provide about 1 billion euros ($1.3 billion) at low interest rates to its Spanish counterpart, the ICO, wh... Mon, 03 Jun 2013 17:11:25 GMT http://www.mail.com/int/business/markets/2125548-germany-to-help-spain-with-credit-growth-jobs.html 2013-06-03T17:11:25Z http://www.mail.com/int/business/markets/2125100-draghi-defends-bond-program-ahead-court-hearing.html FRANKFURT, Germany (AP) — European Central Bank head Mario Draghi is defending a central bank program that has been credited with calming market turmoil over the continent's debt crisis, ahead of closely watched hearings in a court challenge to the program next week. In the text of a speech to a conference in Shanghai, China, Draghi on Monday rejected cri... Mon, 03 Jun 2013 01:11:47 GMT http://www.mail.com/int/business/markets/2125100-draghi-defends-bond-program-ahead-court-hearing.html 2013-06-03T01:11:47Z http://www.mail.com/int/business/markets/2123498-anti-austerity-protests-spain-germany-portugal.html MADRID (AP) — Anti-austerity protesters on Saturday took to the streets of dozens of European cities, including Madrid, Frankfurt and Lisbon, to express their anger at government cuts they say are making the financial crisis worse by stifling growth and increasing unemployment. Thousands marched peacefully toward Madrid's central Neptuno fountain near Par... Sat, 01 Jun 2013 21:31:34 GMT http://www.mail.com/int/business/markets/2123498-anti-austerity-protests-spain-germany-portugal.html 2013-06-01T21:31:34Z http://www.mail.com/int/news/europe/2123226-german-police-protesters-standoff-ecb.html FRANKFURT, Germany (AP) — German police and thousands of anti-capitalist protesters are engaged in a standoff near the headquarters of the European Central Bank in Frankfurt. Police in Germany's financial capital say about 7,000 protesters are refusing to move after officers encircled a group of about 200-300 people for refusing to remove face masks. Orga... Sat, 01 Jun 2013 14:33:13 GMT http://www.mail.com/int/news/europe/2123226-german-police-protesters-standoff-ecb.html 2013-06-01T14:33:13Z http://www.mail.com/int/business/economy/2120790-eurozone-unemployment-heading-20.html LONDON (AP) — The unemployment rate across the 17 European countries that use the euro hit a record 12.2 percent in April, and the number of unemployed is on track to reach 20 million by year's end. The worsening jobs crisis points to the recession that has gripped the euro alliance. Many countries are struggling to stimulate growth while grappling with a... Fri, 31 May 2013 15:38:56 GMT http://www.mail.com/int/business/economy/2120790-eurozone-unemployment-heading-20.html 2013-05-31T15:38:56Z http://www.mail.com/int/business/economy/2118846-protesters-block-streets-ecb.html FRANKFURT, Germany (AP) — Crowds of anti-capitalist protesters on Friday blocked streets leading to the European Central Bank in Germany's financial capital, Frankfurt, to protest its role in pushing for austerity cutbacks as a way to fight the continent's debt crisis. Members of the Blockupy alliance linked arms for several hours in a steady rain and str... Fri, 31 May 2013 09:56:35 GMT http://www.mail.com/int/business/economy/2118846-protesters-block-streets-ecb.html 2013-05-31T09:56:35Z http://www.mail.com/int/business/economy/2115756-oecd-europe-remains-threat-to-world-economy.html PARIS (AP) — The recession in Europe risks hurting the world's economic recovery, a leading international body warned Wednesday. In its half-yearly update, the Organization for Economic Cooperation and Development said that protracted economic weakness in Europe "could evolve into stagnation with negative implications for the global economy." ... Wed, 29 May 2013 17:37:35 GMT http://www.mail.com/int/business/economy/2115756-oecd-europe-remains-threat-to-world-economy.html 2013-05-29T17:37:35Z http://www.mail.com/int/business/economy/2115758-ecb-eurozone-fragile-reforms-lag.html FRANKFURT, Germany (AP) — The European Central Bank says the continent's financial system remains fragile and exposed to risks including a sudden drop in currently buoyant stock and bond markets as well as trouble among banks as they face more bad loans in a weak economy. The ECB's latest financial stability review said Wednesday that the weakening of the... Wed, 29 May 2013 16:07:14 GMT http://www.mail.com/int/business/economy/2115758-ecb-eurozone-fragile-reforms-lag.html 2013-05-29T16:07:14Z http://www.mail.com/int/business/economy/2105146-ecbs-draghi-imperative-to-set-up-bank-body.html FRANKFURT, Germany (AP) — European Central Bank President Mario Draghi said it was "imperative" that Europe's leaders create a new agency with powers to restructure busted banks in order to help the region leave its economic and financial crisis behind it once and for all. In the text of a speech to be delivered in London Thursday, Draghi said the new age... Thu, 23 May 2013 21:39:57 GMT http://www.mail.com/int/business/economy/2105146-ecbs-draghi-imperative-to-set-up-bank-body.html 2013-05-23T21:39:57Z http://www.mail.com/int/business/economy/2099710-german-central-bank-economy-to-improve-markedly.html FRANKFURT, Germany (AP) — Germany's central bank expects the country's economy to improve "markedly" in the second quarter — a development that could boost the wider eurozone as it struggles to get out of recession. The Bundesbank said Tuesday that Europe's largest economy should expand more robustly after a weak first three months of the year. Germany gr... Tue, 21 May 2013 13:21:28 GMT http://www.mail.com/int/business/economy/2099710-german-central-bank-economy-to-improve-markedly.html 2013-05-21T13:21:28Z http://www.mail.com/int/business/markets/2093268-glance-europes-key-institutions.html 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 should be involved. Here is a look at the key institutions involved in Europe's economic policymaking: —EUROPEAN UNION An economic and political partnership among 27 European countries. It has a combined populat... Fri, 17 May 2013 18:20:26 GMT http://www.mail.com/int/business/markets/2093268-glance-europes-key-institutions.html 2013-05-17T18:20:26Z http://www.mail.com/int/news/world/2093224-top-officials-call-to-overhaul-euro-institutions.html BERLIN (AP) — 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 manages its crisis — and who should be involved. Officials say the International Monetary Fund, which has contributed financial expertise and billions in emergency loans, may no longer be needed ... Fri, 17 May 2013 15:32:04 GMT http://www.mail.com/int/news/world/2093224-top-officials-call-to-overhaul-euro-institutions.html 2013-05-17T15:32:04Z http://www.mail.com/int/business/economy/2089898-merkel-hollande-odds-europes-way-forward.html BERLIN (AP) — Germany and France recognize that their cooperation is key to overcoming Europe's persistent economic crisis, but comments Thursday by the leaders of the continent's No. 1 and 2 economies suggested they still have diverging priorities. French President Francois Hollande argued that the 17-nation eurozone should integrate more, calling for gr... Thu, 16 May 2013 17:55:32 GMT http://www.mail.com/int/business/economy/2089898-merkel-hollande-odds-europes-way-forward.html 2013-05-16T17:55:32Z http://www.mail.com/int/business/economy/2086772-eurozone-recession-longest-currency-bloc.html PARIS (AP) — 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 of 2008-2009. The European Union statistics office said Wednesday that nine of the 17 EU countries that use the euro are in recession, with France a notable addition to the list. Overall, the eu... Wed, 15 May 2013 19:21:06 GMT http://www.mail.com/int/business/economy/2086772-eurozone-recession-longest-currency-bloc.html 2013-05-15T19:21:06Z http://www.mail.com/int/business/markets/2083696-eu-to-shift-bill-bank-failures-to-creditors.html BRUSSELS (AP) — European Union governments want to shift the cost of rescuing troubled banks from taxpayers to the banks' creditors — including the holders of large deposits— as part the region's plan to shore up its shaky financial system. Finance ministers from the 27-country bloc meeting in Brussels on Tuesday sought to hammer out the new rules on how ... Tue, 14 May 2013 17:15:02 GMT http://www.mail.com/int/business/markets/2083696-eu-to-shift-bill-bank-failures-to-creditors.html 2013-05-14T17:15:02Z http://www.mail.com/int/business/economy/2083694-german-inflation-drops-to-3-year-low.html BERLIN (AP) — 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 Statistical Office said Tuesday that consumer prices rose 1.2 percent in April 2013 compared to the same month a year ago. That's down on the 1.4 percent rate in March and takes inflation to i... Tue, 14 May 2013 07:29:48 GMT http://www.mail.com/int/business/economy/2083694-german-inflation-drops-to-3-year-low.html 2013-05-14T07:29:48Z http://www.mail.com/int/news/world/2081232-europe-odds-steps-to-banking-union.html BERLIN (AP) — 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 and turn the tide in its stubborn debt crisis. A majority of the 17 countries in the European Union's common euro currency union want to swiftly create a central banking regulator as well as an a... Mon, 13 May 2013 19:41:31 GMT http://www.mail.com/int/news/world/2081232-europe-odds-steps-to-banking-union.html 2013-05-13T19:41:31Z