The President of the European Commission Ursula von der Leyen said that EU law has “primacy over national law” following a ruling from a German court that the European Central Bank’s bailout scheme was unconstitutional. President of the European Commission
Two economics experts have predicted that the Chinese coronavirus could lead to the end of the euro currency — and the potential end of the European Union itself.
European leaders are lining up an array of tax breaks, financial support for companies and likely central bank measures.
Inflation in the 19-country eurozone has fallen to its lowest rate since November 2016.
Inflation in the 19-country eurozone weakened in September, slipping farther from the European Central Bank’s goal and underlining President Mario Draghi’s arguments for a recent stimulus package.
The head of the European Central Bank says the economy in the 19-country eurozone is not showing signs of a rebound and urged governments to help by spending more on top of the central bank’s latest package of stimulus measures.
Christine Lagarde, the globalist lawyer who ran the International Monetary Fund (IMF) until last week has had her appointment to the top of the European Central Bank (ECB) rubber-stamped by the European Union’s powerless Parliament.
An unexploded American World War II bomb caused 16,000 people to be evacuated from the German city of Frankfurt on Monday morning after it was discovered by workers on a building site.
BRUSSELS (AP) – European Council President Donald Tusk appealed Thursday to hostile MEPs to endorse a raft of nominees for some of the EU’s most coveted jobs amid accusations that he and the bloc’s leaders hand-picked the candidates in a series of shady backroom deals.
Like Powell, Lagarde is a lawyer. So the world’s two biggest currency zones will be lead by non-economists.
Comments from the European Central Bank send the Euro lower and prompt a response from President Trump.
The European Central Bank stands ready to cut interest rates and could re-start its bond purchase stimulus program if needed to help the economy, President Mario Draghi said Tuesday.
The eurozone economy received a double dose of bad news Monday as inflation fell further away from the European Central Bank’s target and a closely monitored survey showed the crucial manufacturing sector shrinking at its fastest rate in six years.
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, Germany (AP) – European Central Bank head Mario Draghi on Thursday issued a darker outlook for the region’s economy and said the bank is ready to use all its monetary levers in case the slowdown takes a turn for the worse.
The Bank of England’s reputation has taken a severe hit as previously unreleased minutes reveal staff knew their dire “No Deal” Brexit predictions “could be misleading” and “against [the] public interest.”
BRUSSELS (AP) – Economic growth across the 19-country eurozone slowed in the third quarter to its slowest level for over four years, official figures showed Tuesday, in a development that’s likely to stoke worries about the impact of rising trade
The 19-country eurozone economy lost momentum in September despite a resilient performance by the services sector in Italy, according to a closely watched survey released Wednesday.
The Single Supervisory Mechanism, the European Central Bank’s financial watchdog, has become concerned about the knock-on effects the fall of the Turkish lira will have on some of Turkey’s European lenders after it experienced one of the biggest one-day falls of any free-floating currency in 20 years.
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
The European Central Bank is preparing for a so-called ‘hard Brexit’ with the UK falling out the European Union (EU) with no ‘transitional arrangement’ in place.
Contents: Greece’s parliament raises taxes, cuts pensions to satisfy lenders; Germany’s government blocks debt relief for Greece, despite new austerity measures
Contents: Grexit risk: Greece may refuse a new round of austerity; Greece will evacuate 75,000 people in Thessaloniki to defuse WW II bomb
Contents: Bank run worsens Italy’s banking crisis; Following the money, Sao Tome and Principe switches allegiance from Taiwan to China
Contents: Italy announces bank bailout that will ‘bail in’ ordinary depositors; European officials refuse to unblock the next bailout loan to Greece
Contents: Egypt’s Christians demand revenge after Sunday’s church bombing; Italy’s bank crisis seems likely to cost thousands of people their savings
LONDON (Reuters) – Financial institutions based in Britain will lose so-called passporting rights allowing them to operate across the European Union unless post-Brexit Britain is at least part of the European Economic Area, ECB policymaker Jens Weidmann has said. “Passporting
THESSALONIKI, Greece (Reuters) – A rift between the International Monetary Fund and the European Union on how to address Greece’s debt crisis is damaging for the country, Prime Minister Alexis Tsipras said on Sunday.
Contents: Portugal and Spain will not be fined for breaching deficit rules; Italy’s Monte Paschi bank gets 5 billion euro bailout from other banks; Earnings fall, but central bank liquidity floods markets, pushing up stocks
The European Central Bank is running out of well-performing German bonds to buy, which could usher in a new banking crisis for the European Union (EU).
