European Central Bank (ECB)
ECB's Papademos on the role of structural reforms
In a speech on 'Determinants of growth and the role of structural reforms and macroeconomic policies in Europe' given on 9 December, Lucas Papademos of the ECB said current low interest rates are conducive to economic growth in the euro zone.
Interview with ECB's Gonzalez-Paramo
Jose Manuel Gonzalez-Paramo, member of the Executive Board of the European Central Bank, gave an interview this week to Il Sole 24 Ore. In the interview he said the Greek case [where the deficit has clearly been larger than that reported] speaks for…
Trichet on a stability-oriented monetary policy
In a speech on 'A stability-oriented monetary policy as a necessary condition for long term growth' given on 9 December, Jean-Claude Trichet of the ECB said uncertainty over the future of the stability and growth pact could mean higher long-term interest…
Gonzalez-Paramo: 'strong need' for price vigilance
Jose Gonzalez-Paramo, one of the European Central Bank's governors, said on Friday 10 December that in view of the recent surge in oil prices there is a "strong need for vigilance" over medium-term price risks.
ECB's Tumpel-Gugerell on global view of euro
In a speech on 'The Euro - Financial strength and weakness from a global perspective' given on 6 December Gertrude Tumpel-Gugerell of the ECB said sharp moves in exchange rates are unwelcome because of their adverse impact on investment decisions.
ECB's Tumpel-Gugerell on global exchange rates
In a speech on 'Exchange rate moves in a global economy: a central banking perspective' given on 3 December, Gertrude Tumpel-Gugerell of the ECB said policies aimed at fostering macroeconomic stability should frame discussions between countries, and this…
Trichet on the integration of the single market
In a speech on 'The integration of the single market for financial services: the Eurosystem perspective' given on 6 December, Jean-Claude Trichet of the European Central Bank said the ECB will start publishing a report on the stability of the eurozone…
ECB's Tumpel-Gugerell on financial integration
In a speech on 'Capital Markets and Financial Integration in Europe' given on 23 November, Gertrude Tumpel-Gugerell of the ECB said market-led initiatives are vital to make further progress in integrating the funding instruments for mortgages.
Second high-level central bank seminar in Rio
The Second High-Level Seminar of the Eurosystem and Latin American Central Banks took place on Friday 26 November in Rio de Janeiro. The Seminar was hosted by the Banco Central do Brasil and jointly organised together with the European Central Bank and…
Trichet testimony: Oil price to dampen growth
In testimony to the European Parliament given on 30 November Jean-Claude Trichet of the ECB signalled that the bank is likely to lower its forecast for 2005 economic growth in the euro zone as the increase in oil prices impacts on consumer spending and…
Trichet: S Eastern European challenges & prospects
In a speech on 'South Eastern European challenges and prospects' given on 29 November, Jean-Claude Trichet of the European Central Bank said that the recent enlargement to ten new Member States, as well as the progress in the accession negotiations with…
ECB's Trichet on the euro in wider circles
In the speech 'Euro in wider circles' given on 19 November Jean-Claude Trichet of the ECB said structural reforms are a necessary condition for raising European growth. He added that the ECB's stability mandate is the focus of its monetary policy.
ECB offers technical cooperation to NBS
A delegation from the European Central Bank (ECB), headed by Pierre Van der Hagen, held talks with Governor Radovan Jelasic at the National Bank of Serbia (NBS) on Thursday 18 November and offered technical cooperation, Tanjug News Agency said.
Unified accounting rules adopted by EU
The European Commission said it has adopted a regulation unifying accounting rules across the EU from January 2005, with the exception of two disputed provisions, BizWorld reported on Thursday 18 November.
Gonzalez-Paramo on fiscal & monetary policy in EMU
In a speech on 'Fiscal and monetary policy in EMU' given on 11 November, Jose Manuel Gonzalez-Paramo of the ECB said that unlike most central bankers around the world today, and throughout history, European central bankers' point of reference is no…
EU finance ministers voice concerns
Eurozone finance ministers, meeting in Brussels on Monday night, 16 November, avoided pressuring the ECB over interest rates or intervention to stabilize the euro, but did voice their concerns over the euro's strength against the dollar
ECB mourns death of Eugenio Domingo Solans
Former member of the Executive Board of the European Central Bank Eugenio Domingo Solans died earlier this week after a long illness. In a message from the President on behalf of the ECB, Jean-Claude Trichet said the ECB was mourning a very dear…
ECB's Papademos on the euro: five years on
In a speech on 'The euro: five years on - Implications for Asia' given on 12 November, Lucas Papademos of the ECB said five years after its introduction, the euro is a solid, stable currency in which the markets and the public have confidence.
EU, ECB hail Japan's progress on bad loans
The European Union and the European Central Bank on Thursday 11 November celebrated the progress made by Japan's banking sector in reducing its bad loans, which have conspired to keep Japan in an economic downturn following the early 1990s asset price…
Trichet on the ECB's use of statistics
In a speech on 'The ECB's use of statistics and other information for monetary policy' given on 11 November, Jean-Claude Trichet of the ECB said the ECB has to avoid overreacting to short-term movements in economic data.
ECB's Papademos on the economic outlook
In a speech on 'The economic outlook and the ECB's monetary policy: some key issues' given on 11 November, Lucas Papademos of the ECB said higher oil prices are having a noticeable affect on inflation in the euro zone countries and growth will be hurt if…
Italy suggests joint action to stabilise euro
Domenico Siniscalco, Italy's economy minister, was quoted by several news agencies on Wednesday 10 November as saying of the euro that "a co-ordinated intervention is being talked about again, not a unilateral intervention. That would not help."
Tumpel-Gugerell on the euro's success & challenges
In a speech 'Six years after the euro: Success and challenges' given on 5 November, Gertrude Tumpel-Gugerell of the ECB said excessive volatility in the foreign-exchange market is "not beneficial" and can be "painful" for exporters.
Padoa-Schioppa on European financial institutions
In a speech 'How to deal with emerging pan-European financial institutions?' given on 3 November, Tommaso Padoa-Schioppa of the ECB said the regulatory and supervisory framework that is now in place can meet the challenges. The condition, however, is…