http://www.mail.com/int/people/861646-mario-draghi.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/people/861646-mario-draghi.html 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/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/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/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/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/economy/2078770-g7-japan-playing-currency-rules.html AYLESBURY, England (AP) — Finance leaders from the Group of Seven leading industrial economies say Japan's stimulus policies are directed at boosting its economy out of a two-decade period of stagnation, not an attempt to drive down its currency to make Japan's exports more competitive. At the conclusion of a two-day meeting of leading financial represent... Sat, 11 May 2013 19:44:40 GMT http://www.mail.com/int/business/economy/2078770-g7-japan-playing-currency-rules.html 2013-05-11T19:44:40Z http://www.mail.com/int/business/economy/2065698-spain-italy-team-up-to-demand-crisis-relief.html MADRID (AP) — The premiers of Spain and Italy teamed up Monday to push the eurozone to focus more on spurring economic growth instead of just reducing debt — a move they hope will reduce high youth unemployment and speed up a banking reform effort aimed at stabilizing Europe's financial system. After meeting with Spanish Prime Minister Mariano Rajoy, Ital... Mon, 06 May 2013 19:31:56 GMT http://www.mail.com/int/business/economy/2065698-spain-italy-team-up-to-demand-crisis-relief.html 2013-05-06T19:31:56Z http://www.mail.com/int/business/economy/2060488-eu-predicts-eurozone-recession-to-continue-2013.html BRUSSELS (AP) — Europe will take longer to recover from its economic crisis as it tackles a worse-than-expected recession in the eurozone and unemployment at record levels, the European Union warned Friday. In its spring economic forecast, the EU said that gross domestic product in the 17 member countries that use the euro will shrink by 0.4 percent this ... Fri, 03 May 2013 14:32:52 GMT http://www.mail.com/int/business/economy/2060488-eu-predicts-eurozone-recession-to-continue-2013.html 2013-05-03T14:32:52Z http://www.mail.com/int/business/markets/2058170-ecb-cuts-benchmark-interest-rate-to-05-percent.html FRANKFURT, Germany (AP) — The European Central Bank cut its key interest rate to a record low 0.50 percent Thursday and announced other measures to spur lending and help lift the euro area out of a stubborn recession. ECB President Mario Draghi said the bank was prepared to flex its muscles further in the face of high and rising unemployment and growing e... Thu, 02 May 2013 18:54:10 GMT http://www.mail.com/int/business/markets/2058170-ecb-cuts-benchmark-interest-rate-to-05-percent.html 2013-05-02T18:54:10Z http://www.mail.com/int/business/economy/2058740-key-quotes-ecb-head-draghis-press-briefing.html FRANKFURT, Germany (AP) — At his monthly news conference following the European Central Bank's policy-setting meeting, President Mario Draghi on Thursday answered questions from reporters. Here are some highlights of the things he said: — INTEREST RATES The ECB cut its key refinancing rate to 0.5 percent from 0.75 percent as the economy in the 17-country ... Thu, 02 May 2013 16:26:00 GMT http://www.mail.com/int/business/economy/2058740-key-quotes-ecb-head-draghis-press-briefing.html 2013-05-02T16:26:00Z http://www.mail.com/int/business/markets/2058534-reactions-to-european-central-bank-rate-cut.html The European Central Bank, which sets monetary policy for the 17 European Union countries that use the euro, cut its main interest rate by a quarter of a percentage point to a new record low of 0.5 percent. The ECB's president, Mario Draghi, also hinted that the bank could do more in coming months to get the eurozone economy growing again. That could incl... Thu, 02 May 2013 15:13:15 GMT http://www.mail.com/int/business/markets/2058534-reactions-to-european-central-bank-rate-cut.html 2013-05-02T15:13:15Z http://www.mail.com/int/business/markets/2058438-credit-easing-steps-central-banks-glance.html The European Central Bank cut its key interest rate Thursday by a quarter percentage point to a new all-time low of 0.5 percent, a move aimed at giving the eurozone economy a push as it struggles to get out of a recession. ECB officials, including its president, Mario Draghi, have said the bank is now looking at methods that go beyond the benchmark intere... Thu, 02 May 2013 14:24:05 GMT http://www.mail.com/int/business/markets/2058438-credit-easing-steps-central-banks-glance.html 2013-05-02T14:24:05Z http://www.mail.com/int/business/markets/2058328-text-statement-ecb-president-mario-draghi.html FRANKFURT, Germany (AP) — Below is the full text of the statement that European Central Bank President Mario Draghi delivered at his press conference on Thursday. "Ladies and gentlemen, the Vice-President and I are very pleased to welcome you to our press conference. I would like to thank Governor Makúch for his kind hospitality and express our special gr... Thu, 02 May 2013 13:02:23 GMT http://www.mail.com/int/business/markets/2058328-text-statement-ecb-president-mario-draghi.html 2013-05-02T13:02:23Z http://www.mail.com/int/business/markets/2055548-ecb-weighs-rate-cut-eurozone-economy-struggles.html FRANKFURT, Germany (AP) — Economists say the European Central Bank could cut interest rates as soon as Thursday because of fears that the euro area's economy isn't recovering — even though top bank officials themselves caution that a cut won't do much good. Market expectations have risen in recent days of a reduction in the ECB's benchmark rate from its c... Wed, 01 May 2013 17:21:56 GMT http://www.mail.com/int/business/markets/2055548-ecb-weighs-rate-cut-eurozone-economy-struggles.html 2013-05-01T17:21:56Z http://www.mail.com/int/business/markets/2043500-top-ecb-official-cautions-rate-cuts-costs.html FRANKFURT, Germany (AP) — A top European Central Bank official warned Thursday that another interest rate cut might not be much help for eurozone countries in recession — because already low rates are not getting through to businesses and consumers. Joerg Asmussen, the bank's top official for international relations, said that the "pass-through of rate cu... Thu, 25 Apr 2013 13:21:31 GMT http://www.mail.com/int/business/markets/2043500-top-ecb-official-cautions-rate-cuts-costs.html 2013-04-25T13:21:31Z http://www.mail.com/int/business/markets/2041264-predictions-ecb-rate-cut-grow-growth-fades.html FRANKFURT, Germany (AP) — Evidence that Europe's economic downturn is weighing more heavily on its strongest member, Germany, has convinced more and more experts that the European Central Bank will cut interest rates soon. The latest downbeat sign came Wednesday from the closely watched Ifo index of German business confidence. It fell to 104.4 points in A... Wed, 24 Apr 2013 13:35:54 GMT http://www.mail.com/int/business/markets/2041264-predictions-ecb-rate-cut-grow-growth-fades.html 2013-04-24T13:35:54Z http://www.mail.com/int/business/economy/2023654-official-cyprus-lawmakers-to-vote-bailout-deal.html NICOSIA, Cyprus (AP) — Cyprus' parliament must vote on the 23 billion euro ($30 billion) bailout deal the country has agreed upon with international creditors, the Cypriot attorney general said Tuesday. Petros Clerides confirmed to The Associated Press that the deal Cyprus has reached with the International Monetary Fund and its partners in the 17-nation ... Tue, 16 Apr 2013 21:14:58 GMT http://www.mail.com/int/business/economy/2023654-official-cyprus-lawmakers-to-vote-bailout-deal.html 2013-04-16T21:14:58Z http://www.mail.com/int/business/economy/2022930-ecbs-draghi-urges-speedy-banking-union.html BRUSSELS (AP) — European Central Bank President Mario Draghi urged the 17 countries that use the euro to move swiftly toward completing a full banking union to stabilize the bloc's financial sector. It is vital to first cement the legal groundwork for a centralized banking regulator before the summer, Draghi told the European Parliament in Strasbourg on T... Tue, 16 Apr 2013 15:53:31 GMT http://www.mail.com/int/business/economy/2022930-ecbs-draghi-urges-speedy-banking-union.html 2013-04-16T15:53:31Z http://www.mail.com/int/business/economy/2004788-us-treasury-chief-urges-eu-to-ease-austerity.html BRUSSELS (AP) — European countries should ease off their austerity and adopt more growth-friendly policies, U.S. Treasury Secretary Jacob Lew said Monday as he kicked off a series of meetings with the region's top leaders. America's biggest trading partner and the world's largest economic bloc has entered the fourth year of a debt crisis, which has plunge... Mon, 08 Apr 2013 18:15:41 GMT http://www.mail.com/int/business/economy/2004788-us-treasury-chief-urges-eu-to-ease-austerity.html 2013-04-08T18:15:41Z http://www.mail.com/int/business/markets/2003302-financial-hub-luxembourg-under-increased-scrutiny.html BRUSSELS (AP) — As the European Union's wealthiest country, Luxembourg could have been forgiven for thinking that it would never find itself on the bloc's financial risk list. With just half a million people living on a tiny patch of lush land nestled between Belgium, France and Germany, Luxembourg is as tranquil as a buzzing financial center gets. Still,... Sun, 07 Apr 2013 09:46:02 GMT http://www.mail.com/int/business/markets/2003302-financial-hub-luxembourg-under-increased-scrutiny.html 2013-04-07T09:46:02Z