European Central Bank

EU Slashes Forecasts for Economic Growth

European Union officials have slashed their growth forecast for the 19 countries that use the euro, saying even the lower estimate was vulnerable to “large uncertainty” from slowing growth in China and weakening global trade.

Frankfurt

Top European Central Bank Boss Denies Bribery Charges

COPENHAGEN, Denmark (AP) – The Latvian member of the European Central Bank’s top policymaking board has rejected charges of bribery. Latvian broadcaster LSM cites Ilmars Rimsevics, head of the Baltic country’s central bank, as saying: “I completely deny all these

ECB looks to top court for ruling on Latvia bank chief