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European Central Bank

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  • Irish Bank Chief Seeks to Attract Foreign Buyers Thursday, 11 Nov 2010 | 6:03 AM ET
    Dublin, Ireland

    Patrick Honohan, Ireland’s central bank governor, on Wednesday put a “For Sale” sign over the country’s ailing banks, stressing that foreign ownership of the troubled sector was “not as far-fetched a scenario as it might appear to some”, reports the Financial Times.

  • Doubts Grow Over ‘Peripheral’ Euro-Zone Nations Wednesday, 10 Nov 2010 | 3:40 AM ET

    The rumbling crisis over the integrity of the eurozone has entered a new and ominous phase, with economists and bond market investors questioning the ability of “peripheral” European economies to stay in the euro without yet another rescue package. The FT reports.

  • Morici: Fed Easing and G20 Hypocrisy Monday, 8 Nov 2010 | 10:45 AM ET

    The United States should tax purchases of yen, yuan and euro used to import goods from those three economies. Set it at about 40 percent until the Gang of Three agrees to acceptable exchange rate reforms.

  • Irish Debt Woes Revive Concern About Europe Monday, 8 Nov 2010 | 4:33 AM ET
    Dublin, Ireland

    When interest rates soared last week on Irish government bonds, it served as a warning to other indebted nations of how difficult it could be to roll back decades of public sector largess. The New York Times reports.

  • Hobbs: Investors Beware of Europe's Debt Crisis Friday, 5 Nov 2010 | 12:24 PM ET

    I'm ashamed to say world markets may again need to go on Europe Watch. The risk has risen to a level that local nerves over sovereign debt will fray to the point that they have a material impact elsewhere.

  • Mortgage

    Covered bonds, a financing tool that has been popular in Europe since the 18th century, are winning converts here as a new way to finance residential and commercial mortgages, reports the New York Times.

  • Tax Shortfalls Spur New Fear on Europe’s Recovery Thursday, 28 Oct 2010 | 10:06 AM ET

    Some EU countries face the prospect of missing the budget deficit targets forced upon them this year by impatient bond investors, as tax revenue missed projections. The New York Times reports.

  • Nouriel Roubini

    The European Central Bank should worry less about the “phantom risk” of inflation and instead focus on the rising threat of deflation which could result from a currency war, economist Nouriel Roubini said in an article for Roubini Global Economics clients.

  • As Dollar’s Value Falls, Currency Conflicts Rise Thursday, 21 Oct 2010 | 6:19 AM ET

    Fast-growing nations like Thailand are trying to devalue their exchange rates to bolster their export-driven economies, reports the New York Times.

  • Commentary: The ECB's Dangerous Game Monday, 18 Oct 2010 | 3:41 AM ET

    Despite the euro zone's recovery still looking very fragile, the central bank's key playmakers seem determined to talk about pushing policy back onto a more "normal" footing.

  • Greece

    As the government of Prime Minster George Papandreou struggles to get the nation’s financial house in order — reducing the size of its bloated civil service, chasing after tax evaders and overhauling its pension system — it has also begun to tackle a much less talked about problem: the cozy system of “closed professions” that has existed here for decades, costing the economy billions of dollars a year.

  • Bonds Are in 'Structural Bull Market': Strategist Friday, 15 Oct 2010 | 3:47 AM ET

    The policy of easy money has created the current bull market for bonds, but investors should tread carefully ahead of the Federal Open Market Committee's meeting next month, Christian Gattiker, global investment strategist and head of research at Julius Baer, told CNBC Friday.

  • Cost of EU Rises, Even as Countries Make Cuts Friday, 8 Oct 2010 | 4:52 AM ET
    People demonstrate to say ''no to austerity'', in Brussels. Police threw a ring of steel around EU headquarters as tens of thousands in a sea of banners from across Europe took to the streets in a worker backlash against painful spending cuts. The protest, the biggest such march since 2001 when 80,000 people invaded the Belgian capital, was timed to coincide with an EU plan to fine governments running up deficits.

    Despite mounting public protests across the Continent, an austerity drive unparalleled in modern, united Europe is building, reports the New York Times.

  • With Greece hitting its marks on the financial bailout earlier this year, it is now taking steps to streamline business and investment processes to promote growth, the country’s finance minister, George Papaconstantinou, told CNBC Thursday.

  • More Easing Won't Boost Bank Lending: Investor Thursday, 7 Oct 2010 | 7:29 AM ET

    Another round of quantitative easing from central banks will not result in more lending from banks and won't help the underlying economic problems, Peter Toogood, head of investment at Old Broad Street Research, told CNBC Thursday.

  • Euro bills in hand

    The euro will keep rising and will likely end the year at up to $1.50, as the European Central Bank pursues a highly deflationary policy, despite buying euro-denominated bonds, economist Warren Mosler, founder and principal of broker/dealer AVM, told CNBC.com.

  • Commentary: That's Right, Blame the Germans Wednesday, 6 Oct 2010 | 9:01 AM ET

    If there is any lesson the Germans should have learnt from two lost wars and the Great Depression, then it is that they must avoid inflation.

  • Amid Austerity, Britain Keeps Welfare for Well-Off Friday, 1 Oct 2010 | 6:19 AM ET

    Every week without fail Lucy Elkin, a comfortably middle-class mother of two small children, receives a £33.20 child benefit payment, or about $52, from the debt-plagued British government, reports the New York Times.

  • US Disputes Talk of Higher Capital for Big Banks Thursday, 30 Sep 2010 | 4:17 PM ET

    Finance ministers and central bankers from the G20 nations are considering raising capital levels 2 percent to 3 percent higher for the world’s biggest banks, CNBC has learned.

  • Some Euro Countries Could Benefit from Debt Crisis Wednesday, 29 Sep 2010 | 9:51 AM ET

    The sovereign debt crisis, wrecking havoc on some periphery euro zone member states, could turn out to be a positive for many core European counties, Karen Olney, chief European equity strategist at UBS, told CNBC Wednesday.