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Central Banks European Central Bank

  • EU building flags brussels

    Europe’s big banks could be forced to ringfence trading assets under a plan emerging as the consensus recommendation of an EU-wide review of the structure of banking, the FT reports.

  • Asian-currencies_new_200.jpg

    The size of Asia’s local-currency bond market has expanded nearly 9 percent in the first half of the year, but the Asian Development Bank (ADB) warns that increased capital flows from the West as central banks embark on easing measures, could lead to a surge in volatility and create asset bubbles.

  • George Soros

    George Soros has issued a passionate plea to the German government to lead the eurozone out of recession by boosting growth, creating a joint fiscal authority and guaranteeing common bonds, or itself leave the currency union to save the future of Europe. The FT reports.

  • Mario Monti

    Italian Prime Minister Mario Monti said he has no immediate plans to access the ECB's new bond-buying program, in an exclusive interview with CNBC.

  • Ben Bernanke

    The gloomy jobs report may make quantitative easing more likely - or maybe not. Here is one strategist's trading plan.

  • Brandenburg Gate, Berlin

    Germany must accept shared leadership of the European Union if the region is to prosper, ex-European Commission President Romano Prodi, told CNBC on Friday.

  • Newspapers

    After Thurday’s announcement by the president of the European Central Bank, Mario Draghi, in which he detailed the central bank’s pledge to buy government bonds of struggling euro zone countries, newspapers in Germany have hit out at the plan with surprisingly few exceptions.

  • Italian president of European Central Bank (ECB) Mario Draghi arrives for a press conference in Frankfurt am Main, western Germany, on July 5, 2012.

    The European Central Bank's bond buying program has been received with skepticism by the Bundesbank and the German press, but Chairmen of two major banks have come out to back Draghi's latest plan.

  • A one Euro coin stands on a map of Brussels.

    European markets may have breathed a sigh of relief on Thursday after the European Central Bank announced its new unlimited bond-buying program, but some economists have said that it won’t help Greece get out of its “debt trap.” Indeed, one economist told CNBC that Greeks fear that in the process of “saving” the euro zone Greece itself will be sacrificed.

  • A one Euro coin stands on a map of Brussels.

    European markets may have breathed a sigh of relief on Thursday after the European Central Bank announced its new unlimited bond-buying program, but some economists have said that it won’t help Greece get out of its “debt trap.” Indeed, one economist told CNBC that Greeks fear that in the process of “saving” the euro zone Greece itself will be sacrificed.

  • fx_fix_1_200.jpg

    The European Central Bank's bond buying plan is a hit, and nonfarm payrolls await — it's time for your FX Fix.

  • Italy's Monti Happy with ECB Plan

    Andrea Cabrini, editor of Class CNBC, shares his views on what impact the ECB bond buying program will have on the Italian economy and whether it will prove to be the firewall that Italy needs.

  • 'Europe's Only Option Is to Come Together'

    Peter Sutherland, chairman of Goldman Sachs International, reacts to the ECB's new bond buying program, "The emphasis on conditionality puts the responsibility for the euro zone back on the shoulders of politicians."

  • Will Europe Amputate Greece to Save Spain?

    Yanis Varoufakis, professor of economics at the University of Athens, expressed pessimism on what the ECB program would do for Greece, "This is clearly a program aimed at saving Italy and Spain."

  • Euros

    The European Central Bank’s (ECB) much awaited announcement on Thursday  that it would buy sovereign bonds in a new program to ease the euro zone debt crisis could help the battered euro reclaim its clout as a major global currency, say analysts.

  • Are Spain and Italy in a Debt Trap?

    Bob Parker, senior advisor at Credit Suisse, told CNBC, countries like Spain and Italy have agreed deficit targets but the recession shows no sign of turning around, so will those fiscal targets be achieved.

  • JPMorgan's Frenkel: US Must Cut Entitlements

    Jakob Frenkel, chairman of JPMorgan Chase International, told CNBC, "Let's be serious. The arithmetic says that unless you are willing to cut entitlements you will not bring your fiscal house in order that is a reality of economics."

  • Trader_stocks_up_200.jpg

    Global markets rallied on confirmation that the European Central Bank (ECB) had signed off on a highly anticipated, unlimited bond-buying program, however, experts remain skeptical on how long the euphoria will last given continued challenges facing the single-currency bloc.

  •  Roubini: ECB Has Only Bought Time

    Nouriel Roubini, chairman of Roubini Global Economics, told CNBC, ECB bond buying will only buy time because the recession in the euro zone is getting deeper and how you stabilize the banking system and restore economic growth is still a very open question.

  • The guardian of the euro - Mario Draghi, president of the European Central Bank, ECB, behind a glass euro coin.

    In an historic mix of monetary policy and fiscal politics, the European Central Bank plans buy the short-term debt of troubled European governments if they enter a program to solve their debt and deficits problems.