TheRepublic.com - European Central Bank News

Top officials call to overhaul euro institutions

Sat, 18 May 2013 03:08:41 -0400

BERLIN - Engineering a financial bailout for Cyprus in March was such a chaotic process that top European officials say it is time to rethink how the region manages its crisis - and who should be involved.

Merkel, Hollande at odds over Europe's way forward

Thu, 16 May 2013 13:55:52 -0400

BERLIN - Germany and France recognize that their cooperation is key to overcoming Europe's persistent economic crisis, but comments Thursday by the leaders of the continent's No. 1 and 2 economies suggested they still have diverging priorities.

Eurozone recession is now longest in currency bloc

Wed, 15 May 2013 15:23:14 -0400

PARIS - 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.

EU to shift bill for bank failures to creditors

Tue, 14 May 2013 13:17:53 -0400

BRUSSELS - European Union governments want to shift the cost of rescuing troubled banks from taxpayers to the banks' creditors - including the holders of large deposits- as part the region's plan to shore up its shaky financial system.

G7 says Japan playing by currency rules

Sat, 11 May 2013 17:41:49 -0400

AYLESBURY, England - 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.

ECB cuts benchmark interest rate to 0.5 percent

Thu, 02 May 2013 14:56:28 -0400

FRANKFURT, Germany - 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.

A look at impact of ECB rate cut

Thu, 02 May 2013 12:42:56 -0400

FRANKFURT, Germany - The European Central Bank influences the cost of borrowing in the economy of the 17-country eurozone by moving its key interest rate up and down.

Reactions to European Central Bank rate cut

Thu, 02 May 2013 11:13:21 -0400

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.

Fed keeps stimulus, says taxes and cuts have hurt

Wed, 01 May 2013 19:43:35 -0400

WASHINGTON - The Federal Reserve cautioned America's political leaders Wednesday that their policies are hurting the economy.

ECB weighs rate cut as eurozone economy struggles

Wed, 01 May 2013 13:22:43 -0400

FRANKFURT, Germany - 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.