Daniel Ritort

Tag Archives: European Central Bank

Euro zone inflation falls to 0.8%

Official figures have shown that euro zone‘s inflation rate fell to 0.8% in December, down from 0.9% in November. The Eurostat estimate shows the inflation rate moving further away from the European Central Bank‘s (ECB) target of just below 2%.

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

Global stock markets rally on central banks support promise

Global stock markets rallied today, bolstered by reports that Federal Reserve stimulus measures may continue and the release of strong United States economic data. Central banks in Europe and Japan have also pledged to maintain monetary policy support to bolster … 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

ECB approved Anglo Irish Bank deal

Enda Kenny, Prime Minister of Ireland, has said the European Central Bank has cleared a deal to liquidate the former Anglo Irish Bank. In Kenny’s opinion the European Central Bank approval is an historic step on the road to economic … Continue reading

Euro zone agrees a deeper union

European Union leaders have agreed on a roadmap for euro zone integration beyond the deal on centralized banking supervision. The roadmap proposed by Herman Van Rompuy, President of the European Council, has been the main topic of the Brussels meeting. … Continue reading

Bundesbank warned over German economy

The Bundesbank, central bank of Germany, has cut its growth forecast for next year, saying the country’s economy might be entering recession. It comes one day after Mario Draghi, President at European Central Bank, cut his forecast for euro zone … Continue reading

European banks should split risky trading from traditional banking

The European Union has asked to an advisory group to look at whether banks should be structurally reformed to avoid new crisis. The group said European banks should be split into separate legal entities, in order to protect ordinary retail … Continue reading

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