SPIEGEL ONLINE
- May 13, 2013
The European Central Bank would like to encourage banks in Southern Europe to issue more loans. But Berlin is concerned that a planned move to trigger such lending could violate EU treaties. German Finance Minister Wolfgang Schäuble has hit the brakes. more...
SPIEGEL ONLINE
- May 02, 2013
The European Central Bank cut interest rates on Thursday to a record low of 0.5 percent in an effort to combat the deepening recession across the euro zone. more... [ Forum ]
SPIEGEL ONLINE
- April 18, 2013
Wolf D. Prix, the Austrian architect behind the new headquarters for the European Central Bank in Frankfurt, says everything is connected. Even the ECB and Spanish football team FC Barcelona. more... [ Forum ]
SPIEGEL ONLINE
- April 15, 2013
In an interview with SPIEGEL, Commerzbank CEO Martin Blessing rejects legal limits on management pay but says he's in favor in principle of EU plans to make shareholders and creditors pay for bailing out troubled banks. He also defends his company's planned capital hike to repay the government's bailout money. more... [ Forum ]
SPIEGEL ONLINE
- April 10, 2013
In a SPIEGEL interview, Harvard economist Carmen Reinhart argues governments are incapable of reducing their debts and that central banks are now stepping up to resolve the crisis themselves. In the end, she argues, everyday savers will pay the price. more... [ Forum ]
SPIEGEL ONLINE
- March 21, 2013
Saying it cannot guarantee emergency liquidity funding to Cypriot banks beyond Monday, the European Central Bank is pressuring Nicosia to find the 5.8 billion euros needed to ward off insolvency. Leading politicians on Thursday agreed to establish a "solidarity fund" and rejected any kind of bank levy. By Nicolai Kwasniewski in Nicosia more... [ Forum ]
SPIEGEL ONLINE
- March 20, 2013
After rejecting a euro-zone bailout deal on Tuesday night, Cyprus is now desperately searching for funding. Should aid not be found soon, the country's banks might remain closed until next week. Meanwhile, criticism of Germany's role in the fiasco is mounting in Nicosia and Berlin. more... [ Forum ]
SPIEGEL ONLINE
- February 11, 2013
Central banks around the world are trying to cheapen their currencies in order to boost their economies. This is making the euro more expensive and endangering the recovery of Europe's stricken economies. But the European Central Bank is resisting growing calls to join in the currency war. By Martin Hesse and Anne Seith more... [ Forum ]
SPIEGEL ONLINE
- January 28, 2013
In a SPIEGEL ONLINE interview, Jörg Asmussen, the German member of the European Central Bank's executive board, predicts that interest rates will rise again, argues that the threat of inflation is lower than many believe and says the EU would be stronger if Britain remained a member. more...
SPIEGEL ONLINE
- January 28, 2013
The head of the European Central Bank, Mario Draghi, warned German Finance Minister Wolfgang Schäuble last week not to dismiss Cyprus as not being 'systemically relevant' and said a failure to bail out the island nation could threaten the wider euro zone. more...
