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In the worst-case scenario, Greece could be followed by more countries as markets speculated on whether Portugal, Ireland or Spain would be next to default. It is to forestall a Greek domino effect that the European Central Bank has flooded the...
Builders broke ground on more homes than forecast in January, helped by warmer weather and adding to signs the U.S. residential real estate market is stabilizing. European governments are considering cutting interest rates on emergency loans to Greece...
Clothes pegs hang on a line in the camp of Occupy activists near he Euro sculpture in front of the European Central Bank on Wednesday, Feb. 15, 2012. View Photo »
We are now looking at a true financial crisis -- that is broad-based disruption in financial markets
Moreover, under its new president, Mario Draghi, the European Central Bank appears willing to do anything necessary to reduce stress on the eurozone's banking system and governments, as well as to lower interest rates. Central banks in both advanced...
Whoever was responsible, the arson attacks have reinforced fears that, as the economy deteriorates, social disruption will continue. Greek GDP shrank by almost 7% in 2011. It will fall again this year, by at least another 4%, according to the...
ATHENS, GREECE - FEBRUARY 12: People rest at a demolished bus station in Syntagma Square after the demonstration against the new austerity measures in Syntagma Square on February 12, 2012 in Athens, Greece. Greece's creditors have demanded further... View Photo »
But it will be a struggle above $1.30 as we expect the European Central Bank to cut interest rates.
Though the rates of both countries are still down from the end of last year — when lack of confidence in Italy’s ability to pay its debt saw its yields bust the 7 percent mark while Spain hovered around 6.67 per cent — the increases have triggered...
At the same time, the European Central Bank monthly report noted an economic contraction for 2012, with the new figures projecting a 0.1% decline in gross domestic product, and the single currency remains primed to face additional headwinds over the...
The European Central Bank (ECB) is one of the world's most important central banks, responsible for monetary policy covering the 16 member States of the Eurozone. It was established by the European Union (EU) in 1998 with its headquarters in Frankfurt, Germany. Full Article
Clothes pegs hang on a line in the camp of Occupy activists near he Euro sculpture in front of the European Central Bank on Wednesday, Feb. 15, 2012.
View Photo »The President of the European Central Bank , Mario Draghi, laughs during a press conference in Frankfurt, central Germany, Thursday Feb. 9, 2012. The European Central Bank left its benchmark interest rate unchanged at a record low 1 percent on Thursday while it waits to see whether the...
View Photo »Klaus Masuch of the European Central Bank arrives a government office building before meeting Greek Finance Minister Evangelos Venizelos in Athens, on Monday, Feb. 6, 2012. Greece's coalition government on Monday caved in to demands to cut civil service jobs, announcing 15,000 positions...
View Photo »European Commission official Matthias Mors (R) and European Central Bank (ECB) official Klaus Masuch leave the office of Greek Prime Minister Lucas Papademos after their meeting in Athens on February 5, 2012. Papademos held an emergency meeting with political allies today after hours of...
View Photo »IMF chief debt inspector Poul Thomsen, bottom left, European Commission official Matthias Mors, right and Klaus Masuch of the European Central Bank, top center, representatives of the so-called troika of Greece's creditors _ the European Union, the European Central Bank and the...
View Photo »ATHENS, GREECE - FEBRUARY 12: A detailed view of the Bank of Greece sign is seen on its bulding during the demonstration against the new austerity measures in Syntagma Square on February 12, 2012 in Athens, Greece. Greece's creditors have demanded further austerity measures before...
View Photo »A riot policeman runs near the Finance Ministry during heavy clashes between protesters and riot police in Athens on February 12, 2012. Greek police fired tear gas at petrol bomb-throwing protesters outside parliament, where tens of thousands had massed in a rally against austerity...
View Photo »Firemen work on extinguishing a fire spreading through a store during clashes between protesters and riot police near the Greek parliament in Athens on February 12, 2012. Greek police fired tear gas at petrol bomb-throwing protesters outside parliament, where tens of thousands had...
View Photo »Protestors clash with riot police during a 48-hour general strike in Athens, on February 12, 2012. Greek police fired tear gas at petrol bomb-throwing protesters outside parliament, where tens of thousands had massed in a rally against austerity plans being debated by lawmakers. Police...
View Photo »Protesters clash with riot police in front of the Greek Parliament in Athens on February 12, 2012. Greek police fired tear gas at petrol bomb-throwing protesters outside parliament, where tens of thousands had massed in a rally against austerity plans being debated by lawmakers. Police...
View Photo »European Commission official Matthias Mors, second left, and Klaus Masuch of the European Central Bank, left, arrive a government office building before meeting Greek Finance Minister Evangelos Venizelos in central Athens on Friday, Feb. 3, 2012. Unions and employers' associations...
View Photo »European Central Bank's (ECB) Klaus Masuch (L) and European Commission Director Matthias Morse walk towards the Greek Finance Minister office in Athens February 3, 2012. Greece expects its 2011 budget deficit will be smaller than expected at between 9.1 and 9.4 percent of GDP, thanks to...
View Photo »European Central Bank's (ECB) Klaus Masuch (L) and European Commission Director Matthias Morse walk towards the Greek Finance Minister office in Athens February 2, 2012. The European Central Bank must take part in Greece's debt swap, Finance Minister Evangelos Venizelos said on...
View Photo »European Central Bank President Mario Draghi arrives for a European Union summit at the EU headquarters on January 30, 2012 in Brussels. European leaders bid to close a chapter in the debt crisis today with a pact on balanced budgets, but the eurozone Achilles heel that is Greece...
View Photo »European Central Bank's (ECB) Klaus Masuch (L) and European Commission Director Matthias Morse arrive for a meeting with Greek Finance Minister Evangelos Venizelos in Athens January 27, 2012. The European Union and IMF want Greece to push through more budget cuts and implement a series...
View Photo »Governor of the Bank of Greece George Provopoulos arrives for a meeting with Greek Finance Minister Evangelos Venizelos and inspectors from the International Monetary Fund (IMF), the European Central Bank (ECB) and the European Union in Athens January 27, 2012. The European Union and...
View Photo »President of the European Central Bank Mario Draghi speaks during a session at the World Economic Forum in Davos, Switzerland, Friday, Jan. 27, 2012. Draghi said that new, tougher rules restricting government budget deficits are the prerequisite before the troubled eurozone can move...
View Photo »European Central Bank (ECB) President Mario Draghi gestures as he delivers his speech about ' Europe's Economic Outlook ', on January 27, 2012, during the World Economic Forum (WEF) in the congress center of the Swiss resort of Davos. The third day of the elite gathering will also focus...
View Photo »Former European Central Bank chief Jean-Claude Trichet looks on during a session at the World Economic Forum (WEF) on January 27, 2012 in Davos. The board of European aerospace giant EADS announced on January 26, 2012 the board appointment of Jean-Claude Trichet.
View Photo »Former European Central Bank President Jean-Claude Trichet attends the 2012 World Economic Forum (WEF) meeting on January 27, 2012 in Davos. The board of European aerospace giant EADS is to confirm that Jean-Claude Trichet is named as a board member, EADS said on January 26, 2012.
View Photo »Former European Central Bank President Jean-Claude Trichet attends a session at the World Economic Forum (WEF) in Davos, January 27, 2012.
View Photo »European Central Bank (ECB) President Mario Draghi attends a session at the World Economic Forum (WEF) in Davos, January 27, 2012.
View Photo »European Central Bank (ECB) President Mario Draghi (L) and Klaus Schwab, Founder and Executive Chairman, World Economic Forum, attend a session at the World Economic Forum (WEF) in Davos, January 27, 2012.
View Photo »(From L) Greek Finance Minister Evangelos Venizelos, Dutch Finance Minister Jan Kees de Jager, European Central Bank (ECB) executive board member Jorg Asmussen talk on January 23, 2012 before an Eurogroup Council meeting at EU headquarters in Brussels. Eurozone finance ministers meet to...
View Photo »A carnival float called 'But, where is the crisis ?' showing the head of the European Central Bank Mario Draghi (top) and European leaders parades during the carnival in Viareggio on February 5, 2012.
View Photo »Clothes pegs hang on a line in the camp of Occupy activists near he Euro sculpture in front of the European Central Bank on Wednesday, Feb. 15, 2012.
View Photo »We are now looking at a true financial crisis -- that is broad-based disruption in financial markets
One needs to interpret the (ZEW) results with care because they are very much influenced by investor sentiment, not necessarily what is happening in the real economy and it may be that the exceptional measures from the ECB (European Central Bank) buoyed the index
In September and October, two very bad months due to political uncertainty, we had a loss of 13-14 billion euros
The European Central Bank can't on its own change the underlying problems which are a challenge to the euro area which are loss of competitiveness and current account deficits
CPI data from the last few months point to the continuing expansion of the economy, but at a more moderate pace than in the first half of the year
The European Central Bank can do so much but no more. In the end, it has to be a question for the governments of the euro area
If European leaders and the European Central Bank do not take action quickly, the eurozone will collapse within a few weeks. Concern about a negative turn in the eurozone remains mostly due to difficulties that have arisen from formulating a bailout package for countries suffering from the debt crisis
But it will be a struggle above $1.30 as we expect the European Central Bank to cut interest rates.
Germany has made up its mind -- it wants treaty change and it is doing everything it can to push for it as rapidly as possible
The biggest positive for the banking system in Europe, and thus Turkey, is the fact that the European Central Bank is now on the banks’ side
The new opportunity provided to Greece under the agreement of 26 October may well be the last such opportunity
The generous supply of liquidity by the [European Central Bank] and the relatively affordable refinancing terms for Italy and Spain may have supported the improvement of this month's sentiment
The new opportunity given to Greece is probably the last
The European Central Bank [ECB] will probably lower its interest rate, which now stands at 1 percent, in the next ECB meeting. The EU is facing a serious crisis
The European Central Bank’s purchase of European debt has added to stability and supported the French auctions
It is now being seen as a positive development, as eurozone governments and the European Central Bank are now likely to put more efforts in resolving the European financial crisis and therefore increasing the likelihood of success (in future measures)
Threats of a Greek default could trigger another sell-off in the euro as investor confidence deteriorates ... As the rising risk for contagion casts a dour outlook for the region, it seems as though the European Central Bank will have little choice but to act as the lender of last resort. This may cause...
The bottom line: Germany’s Bundesbank—BuBa for short—has quietly, automatically lent €495 billion to the European Central Bank via Target2. That lending has balanced correspondingly huge borrowings from Target2 by the central banks of weaker nations including Greece, Ireland, and Portugal—and lately Spa...
The ABI hopes the European regulation on the rating agencies will be completed and approved as quickly as possible and that the European Central Bank and central banks reconsider immediately the use of external ratings in their procedures and evaluation models
Our sense is that the volatility is going to continue in the early part of 2012, which may lead to some challenges in the M&A market, certainly for companies that have quite a bit of exposure in Europe ... We’re hearing anecdotally that orders in the fourth quarter coming out of Europe were slowing or d...
The eurozone has made progress in recent months, in particular the provision of liquidity to banks by the ECB (European Central Bank)
But while I think a weaker euro is an inevitable consequence of this move — and indeed, I’m not sure [European Central Bank President Mario] Draghi sees that as a bad thing — I don’t think this means the single currency system is in more danger of collapse
I think the action the European Central Bank took before Christmas to increase liquidity was very welcome.
At one extreme is a repeat of 2008-09 where the region experiences a severe reduction in cross-border lending and an attendant freeze-up in trade financing ... At the other, the speedy creation of a fiscal compact with greater funding support from the European Central Bank.
