Daniel Ritort

Tag Archives: ECB

Troika reviews Portugal’s bailout progress

Representatives from the International Monetary Fund, the European Commission and the European Central Bank have begun their latest audit of Portugal’s economic health. A raft of reforms was promised by Portugal‘s leaders in return for its May 2011 bailout.

Greece would need new bailout

Wolfgang Schaeuble, finance minister of Germany, has said for the first time that Greece will need another bailout to plug a forthcoming funding gap. His comments come at a sensitive time for his party as Germany will hold elections in … Continue reading

Euro rates to be low for an extended period

Mario Draghi, the President of the European Central Bank, has said that rates will remain at current or lower levels for an extended period. This represents the first time that the European Central Bank has given an indication of its future … Continue reading

Most of ECB bond holdings are Italian

The European Central Bank has revealed that Italian government bonds make up nearly half of its holdings under the bond-buying plan. Italian bonds with a book value of 99bn euros account for the biggest holding under the now ended Securities Market Program. … Continue reading

EU pushes for ECB banking system supervision

The European Commission wants to create a single European Central Bank’s supervisory mechanism for the 6,000 banks of the euro zone. Under the new European Commission’s proposal, all banks in the euro zone would be supervised by the European Central … Continue reading

Some euro zone members could leave

Otmar Issing, former chief economist at European Central Bank, said some members of the euro zone may have to leave the bloc. He argued some countries could leave as the debt crisis continues to struggle their economies, but added that … Continue reading

Draghi disappoints markets

European markets have fallen after Mario Draghi, president of the European Central Bank, announced no plan has been decided yet. He said the bank would come up with ways to assist struggling euro zone countries over the coming weeks. Analysts … Continue reading

ECB to act to save the Euro

Mario Draghi, president of the European Central Bank, said it is ready to do whatever it takes to support the Euro. Draghi’s strong message of support prompted a rally in European share markets and the Euro. In Spain, the Ibex … Continue reading

ECB cuts interest rate to 0.75 percent

The European Central Bank has reduced its key interest rate from 1 to 0.75 percent, a record low in the euro zone. The European Central Bank also cut its deposit rate, from 0.25 percent to zero. The move comes as … Continue reading

Government of Spain denies IMF bailout rumors

Luis De Guindos, Economy Minister of Spain, has dismissed talk of it seeking a bailout from the International Monetary Fund as senseless. Meanwhile, Mario Draghi, President of the European Central Bank, described the current set-up of the euro zone as … Continue reading

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