European Central Bank

Frankfurt

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.

ECB stimulus is heading down, although the central bank's chief Mario Draghi is likely to announce it will last for longer.

Eurozone Economy Sluggish as Exports Stall

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.

ECB looks to top court for ruling on Latvia bank chief

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

European Central Bank

Project Fear: European Central Bank Threatens UK After Brexit

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

Big Ben Brexit (Justin Tallis / AFP / Getty)

UK Credit Rating Downgraded to AA, But British Better Off

Breitbart News correctly predicted that if the British peopled voted for “Brexit,” that would cost the UK its AAA credit rating. And our other prediction — that the British would be better off leaving the EU — is also looking good.

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European Central Bank ‘Too Powerful’ Admits German Economy Chief

The European Central Bank has become too powerful, but largely because politicians have foisted an increasingly political role onto it, one of the German government’s key economic advisors said in a newspaper interview Sunday. “The ECB has gained enormous power,

German-Greek-Bailout

German Government Blocks Greek Bailout in Fear of Populist AfD Party

The German government is blocking a Greek bailout in fear of being democratically replaced by the populist, Eurosceptic Alternative for Germany (AfD) Party. In “AfD is the major hurdle in the Greek bailout”, Die Welt’s deputy economics editor, Jan Dams, has

The Associated Press

France’s 9-11 Economic & Political Consequences

Beyond the horrific deaths, injuries, and panic from seven coordinated terror attacks in Paris, the consequences of France’s 9-11 will likely be a serious deflationary recession and right-wing nationalism spreading across Europe.