http://www.mail.com/organizations/1378-european-central-bank.html Mail.com - the best personalized free web-based Email en en http://sec-s.uicdn.com/mail.com/2.20/img/mailcom_logo_rss.png http://www.mail.com/organizations/1378-european-central-bank.html http://www.mail.com/business/markets/1765160-europe-takes-step-toward-stable-banks.html FRANKFURT, Germany (AP) — The European Union has taken its big first step toward keeping busted banks from costing taxpayers billions and dragging down government finances. After another marathon meeting, finance ministers from the 27 EU member countries agreed Thursday to give the European Central Bank the power to act as a banking watchdog for the 17 EU... Thu, 13 Dec 2012 20:27:00 GMT http://www.mail.com/business/markets/1765160-europe-takes-step-toward-stable-banks.html 2012-12-13T20:27:00Z http://www.mail.com/business/economy/1765178-imfs-lagarde-praises-euro-deal-bank-oversight.html SANTIAGO, Chile (AP) — IMF chief Christine Lagarde is praising a deal signed by European Union governments to create a single supervisor for their banks. The managing director of the International Monetary Fund said on Thursday that "very significant progress" has been made toward creating banking unity and reinforcing the Euro zone. She spoke at a news c... Thu, 13 Dec 2012 20:20:00 GMT http://www.mail.com/business/economy/1765178-imfs-lagarde-praises-euro-deal-bank-oversight.html 2012-12-13T20:20:00Z http://www.mail.com/business/economy/1763806-german-real-estate-booms-people-seek-security.html BERLIN (AP) — Buying a home in Berlin is widely viewed as one of the safest investments a German, or any European, can make. That is why some real-estate experts are worried the market could get overheated. Home prices in Germany's largest cities are booming. Building permits and home ownership rates are climbing fast. And the percentage of foreigners sna... Thu, 13 Dec 2012 17:12:00 GMT http://www.mail.com/business/economy/1763806-german-real-estate-booms-people-seek-security.html 2012-12-13T17:12:00Z http://www.mail.com/business/economy/1763892-top-central-banks-extend-dollar-lending-program.html FRANKFURT, Germany (AP) — Major central banks acted Thursday to try to shore up confidence in the global financial system by extending a program that makes it easier for banks to borrow U.S. dollars. Thursday's move renews for a year a program that was expanded in November 2011 in response to Europe's debt crisis. It had been set to expire in February. Th... Thu, 13 Dec 2012 16:26:00 GMT http://www.mail.com/business/economy/1763892-top-central-banks-extend-dollar-lending-program.html 2012-12-13T16:26:00Z http://www.mail.com/business/markets/1764616-glance-eus-key-decisions-2012.html In a whirlwind of decision-making, ministers from the European Union's 27 countries agreed Thursday on the foundation of a fully-fledged banking union and approved billions of euros in bailout loans for Greece that will prevent it from going bankrupt. Both decisions are vital in bringing calm to crisis-hit Europe and strengthening the region against any further financial sho... Thu, 13 Dec 2012 16:15:00 GMT http://www.mail.com/business/markets/1764616-glance-eus-key-decisions-2012.html 2012-12-13T16:15:00Z http://www.mail.com/business/economy/1760584-eu-backs-banking-supervisor-greece-bailout.html BRUSSELS (AP) — In one whirlwind morning, the European Union nations agreed Thursday to two key measures vital to the financial security of the region. As well as laying the groundwork for a full-fledged banking union, Greece's euro partners approved billions in bailout loans that will prevent the country from going bankrupt. The measures, approved by Eur... Thu, 13 Dec 2012 16:08:00 GMT http://www.mail.com/business/economy/1760584-eu-backs-banking-supervisor-greece-bailout.html 2012-12-13T16:08:00Z http://www.mail.com/business/economy/1763554-italy-raises-cash-easily-berlusconi-vacillates.html MILAN (AP) — Silvio Berlusconi's vacillations over whether or not to run for Prime Minister of Italy failed to dent investor demand for the country's debt, leaving borrowing costs steadfastly low in a bond auction on Thursday. Italy easily raised €3.5 billion ($4.5 billion) in the sale of 3-year bonds Thursday that saw interest rates, or yields, drop to t... Thu, 13 Dec 2012 11:31:00 GMT http://www.mail.com/business/economy/1763554-italy-raises-cash-easily-berlusconi-vacillates.html 2012-12-13T11:31:00Z http://www.mail.com/business/economy/1760578-eurozone-industrial-output-surprise-slump.html LONDON (AP) — Industrial production across the 17 European Union countries that use the euro unexpectedly slumped in October, official figures showed Wednesday, in another sign that the region's recession is getting worse and weighing on big economies like Germany. Eurostat, the EU's statistics office, said industrial production fell by a monthly 1.4 perc... Wed, 12 Dec 2012 11:19:00 GMT http://www.mail.com/business/economy/1760578-eurozone-industrial-output-surprise-slump.html 2012-12-12T11:19:00Z http://www.mail.com/business/economy/1757790-german-investor-optimism-up-than-expected.html FRANKFURT, Germany (AP) — An index of German investor optimism rose more than expected in December, suggesting market professionals think Europe's largest economy will avoid an outright recession. The ZEW indicator of economic sentiment rose to plus 6.9 points, from minus 15.7 in November. Markets had expected the index to rise only to minus 11.5. Wolfgan... Tue, 11 Dec 2012 11:06:00 GMT http://www.mail.com/business/economy/1757790-german-investor-optimism-up-than-expected.html 2012-12-11T11:06:00Z http://www.mail.com/business/markets/1755936-italian-election-stress-eurozone.html FRANKFURT, Germany (AP) — 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 going to resign, pulling the plug on a government that had boosted confidence in the country's ability to manage its debts. The prospect of a return to a shaky government and finance... Mon, 10 Dec 2012 18:16:00 GMT http://www.mail.com/business/markets/1755936-italian-election-stress-eurozone.html 2012-12-10T18:16:00Z http://www.mail.com/business/markets/1750504-draghi-supports-hungarys-embattled-central-bank.html BUDAPEST, Hungary (AP) — European Central Bank President Mario Draghi on Friday defended his Hungarian counterpart against the government's efforts to limit his independence and authority over monetary policy. Draghi emphasized the importance that central banks remain independent of government influence. Prime Minister Viktor Orban and his government have... Fri, 07 Dec 2012 16:57:00 GMT http://www.mail.com/business/markets/1750504-draghi-supports-hungarys-embattled-central-bank.html 2012-12-07T16:57:00Z http://www.mail.com/business/economy/1750348-german-central-bank-cuts-2013-growth-forecast.html BERLIN (AP) — Germany's central bank sharply cut its 2013 economic growth forecast to 0.4 percent on Friday, while poor industrial production figures underlined expectations of a weak winter for Europe's biggest economy. The Bundesbank cut its outlook for gross domestic product growth next year from the 1.6 percent it predicted in June. It also lowered it... Fri, 07 Dec 2012 11:44:00 GMT http://www.mail.com/business/economy/1750348-german-central-bank-cuts-2013-growth-forecast.html 2012-12-07T11:44:00Z http://www.mail.com/business/markets/1744544-asia-stocks-rise-us-employment-claims-dip.html BANGKOK (AP) — Asian stock markets rose Friday after the number of Americans seeking unemployment benefits fell last week, offsetting a somber economic forecast by the European Central Bank for a bleak year ahead in the region. The U.S. Labor Department said Thursday that applications dropped 25,000 last week to a seasonally adjusted 370,000, a level cons... Fri, 07 Dec 2012 04:12:00 GMT http://www.mail.com/business/markets/1744544-asia-stocks-rise-us-employment-claims-dip.html 2012-12-07T04:12:00Z http://www.mail.com/business/economy/1748542-oil-drops-bleak-outlook-europe-economy.html 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 measures to boost growth Benchmark oil fell $1.62, or 1.8 percent, to finish at $86.26 per barrel in New York. Brent crude, which is used to price international varieties of oil, dropped $1.78, or 1.6 perce... Thu, 06 Dec 2012 19:03:00 GMT http://www.mail.com/business/economy/1748542-oil-drops-bleak-outlook-europe-economy.html 2012-12-06T19:03:00Z http://www.mail.com/business/economy/1748142-ecb-cuts-growth-outlook-eurozone-holds-rates.html FRANKFURT, Germany (AP) — The European Central Bank warned of another gloomy year for the 17 European Union countries that use the euro, cutting its forecast for economic growth in 2013 from plus 0.5 percent to minus 0.3 percent. Even so, the bank left rates unchanged at its meeting Thursday, and ECB head Mario Draghi gave little sign he was leaning towar... Thu, 06 Dec 2012 16:45:00 GMT http://www.mail.com/business/economy/1748142-ecb-cuts-growth-outlook-eurozone-holds-rates.html 2012-12-06T16:45:00Z http://www.mail.com/business/markets/1748340-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: — ECONOMIC GROWTH The ECB cuts its forecast for economic growth in the 17-country eurozone next year. Draghi said growth... Thu, 06 Dec 2012 14:20:00 GMT http://www.mail.com/business/markets/1748340-key-quotes-ecb-head-draghis-press-briefing.html 2012-12-06T14:20:00Z http://www.mail.com/business/markets/1748158-ecb-president-mario-draghis-speech.html 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 meeting of the Governing Council, which was also attended by the Commission Vice-President, Mister Rehn. Based on our regular economic and monetary analyses, we decided to keep the key ECB interest rates unch... Thu, 06 Dec 2012 13:08:00 GMT http://www.mail.com/business/markets/1748158-ecb-president-mario-draghis-speech.html 2012-12-06T13:08:00Z http://www.mail.com/business/economy/1748014-ecb-holds-rates-with-euro-stimulus.html FRANKFURT, Germany (AP) — 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 the 17 European Union countries that use the euro limps through a recession. The bank's 22-member governing council kept the refinancing rate unchanged at 0.75 percent. The rate deter... Thu, 06 Dec 2012 12:32:00 GMT http://www.mail.com/business/economy/1748014-ecb-holds-rates-with-euro-stimulus.html 2012-12-06T12:32:00Z http://www.mail.com/business/economy/1744664-eurozone-retail-sales-slump-october.html LONDON (AP) — 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, in a development that will put more pressure on the European Central Bank to cut borrowing rates soon. Eurostat, the EU's statistics office, said Wednesday that eurozone retail sales fell ... Wed, 05 Dec 2012 12:08:00 GMT http://www.mail.com/business/economy/1744664-eurozone-retail-sales-slump-october.html 2012-12-05T12:08:00Z http://www.mail.com/business/markets/1741546-germany-france-odds-eu-banking-supervisor.html BRUSSELS (AP) — 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 region in the wake of the three-year financial crisis. The 27 finance ministers remained split Tuesday on the establishment of a new European single supervisor to keep wayward banks in check, ... Tue, 04 Dec 2012 16:28:00 GMT http://www.mail.com/business/markets/1741546-germany-france-odds-eu-banking-supervisor.html 2012-12-04T16:28:00Z http://www.mail.com/business/economy/1733580-eurozone-unemployment-hits-record-high.html LONDON (AP) — Another month, another record unemployment rate for the economy of the 17 European Union countries that use the euro. Figures released Friday by Eurostat, the EU's statistics office, showed that the recession in the eurozone pushed unemployment up in the currency bloc to 11.7 percent in October, the highest level since the introduction of th... Fri, 30 Nov 2012 14:59:00 GMT http://www.mail.com/business/economy/1733580-eurozone-unemployment-hits-record-high.html 2012-11-30T14:59:00Z http://www.mail.com/business/markets/1725516-greek-bankruptcy-averted-.html ATHENS, Greece (AP) — European and global financial leaders have agreed to release €44 billion ($57 billion) in critical loans to Greece and provide billions in additional debt relief in order to help the country stabilize its ailing economy. After three weeks of negotiations, Greece's euro partners and the International Monetary Fund agreed early Tuesday... Tue, 27 Nov 2012 16:37:00 GMT http://www.mail.com/business/markets/1725516-greek-bankruptcy-averted-.html 2012-11-27T16:37:00Z http://www.mail.com/business/markets/1725196-eurozone-imf-reach-deal-to-reduce-greek-debt.html BRUSSELS (AP) — 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 put Athens on the way to get the next installment of its much-needed bailout loans. The first disbursement is set to take place Dec. 13, said Jean-Claude Juncker, head of the eurogroup of finan... Tue, 27 Nov 2012 01:18:00 GMT http://www.mail.com/business/markets/1725196-eurozone-imf-reach-deal-to-reduce-greek-debt.html 2012-11-27T01:18:00Z http://www.mail.com/business/markets/1722452-ecb-official-presses-greek-aid-deal.html BERLIN (AP) — A top European Central Bank official says he hopes eurozone countries will clear the way Monday for Greece to receive its next aid installment, stressing that a deal will require movement from all involved. Eurozone finance ministers are trying to reach a deal after failing last week. Athens needs the next batch of rescue loans to avoid bank... Sun, 25 Nov 2012 15:09:00 GMT http://www.mail.com/business/markets/1722452-ecb-official-presses-greek-aid-deal.html 2012-11-25T15:09:00Z http://www.mail.com/news/world/1719118-eu-leaders-approve-mersch-male-ecb.html BRUSSELS (AP) — 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. After the European Union leaders picked Yves Mersch in the dead of night Thursday, overriding the objections of its parliament, it left the ECB executive board with six men out of six, and an all-mal... Fri, 23 Nov 2012 17:20:00 GMT http://www.mail.com/news/world/1719118-eu-leaders-approve-mersch-male-ecb.html 2012-11-23T17:20:00Z http://www.mail.com/business/economy/1718498-germany-eu-supervisor-focus-biggest-banks.html BERLIN (AP) — Europe's planned single banking supervisor should focus only on the biggest institutions that pose the greatest risk to the financial system, a German government official insisted Thursday. The new supervisory body, which will be anchored with the European Central Bank, cannot "practically supervise 6,000 banks with the same intensity," the ... Thu, 22 Nov 2012 15:09:00 GMT http://www.mail.com/business/economy/1718498-germany-eu-supervisor-focus-biggest-banks.html 2012-11-22T15:09:00Z http://www.mail.com/business/markets/1715890-greek-pm-presses-deal-loan.html ATHENS, Greece (AP) — Greece reacted with dismay Wednesday after European finance ministers failed to agree to release vital rescue loans, with the prime minister warning that the stakes are higher than just his debt-ridden country's future. After 12 hours of debate, finance ministers from the 17 European Union countries that use the euro, together with t... Wed, 21 Nov 2012 14:23:00 GMT http://www.mail.com/business/markets/1715890-greek-pm-presses-deal-loan.html 2012-11-21T14:23:00Z http://www.mail.com/business/markets/1713058-eurozone-fails-to-reach-deal-greece-aid.html BRUSSELS (AP) — European Union officials failed Wednesday to reach a deal on giving Greece more aid, prolonging uncertainty over the future of the debt-hobbled country and the 17-member eurozone. Jean-Claude Juncker, chairman of the meeting of finance ministers from the 17 countries that use the euro, said the talks, which lasted nearly 12 hours, will rec... Wed, 21 Nov 2012 03:59:00 GMT http://www.mail.com/business/markets/1713058-eurozone-fails-to-reach-deal-greece-aid.html 2012-11-21T03:59:00Z http://www.mail.com/news/world/1707284-eurozone-economy-shrinks-govt-debt-loads-grow.html FRANKFURT, Germany (AP) — 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. And that will be a while. The economy of the 17 countries that use the euro has shrunk for two straight quarters — a common definition of a recession — and analysts forecast little o... Sat, 17 Nov 2012 16:14:00 GMT http://www.mail.com/news/world/1707284-eurozone-economy-shrinks-govt-debt-loads-grow.html 2012-11-17T16:14:00Z