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Nickell: 'Are Europeans lazy? Or Americans crazy'

In the speech 'Are Europeans lazy? Or Americans crazy?' given on 27 May Stephen Nickell of the Bank of England said there is no clear explanation as to why people in France and Germany work less than those in Britain, the United States or in Scandinavian…

No set course for rates says ECB's Noyer

Bank of France governor Christian Noyer said on Tuesday 16 May that the European Central Bank has not decided on a predetermined direction for eurozone interest rates and will consider the economic data.

Bank of France - Annual Report 2004

According to the Bank of France's Annual Report 2004, despite persisting risks, the international environment was buoyant in 2004 and monetary policy remained very accommodating within the euro area.

France must speed reforms - Trichet

European Central Bank president Jean-Claude Trichet said in an interview published Tuesday 11 April that France has been too slow to implement reforms to make its economy more flexible.

ECB's Issing on the euro

In the speech 'The euro - a currency without a state' given on 24 March Otmar Issing of the ECB said the application of the revised EU stability pact rules to Germany will be the key test of whether the new pact is being applied rigorously.

Comment: EMU and market discipline

A recent research note by the Brussels-based Centre for European Policy Studies pours cold water on the idea that Italy could crash out of the European Monetary Union (EMU) any time soon. The key to this conclusion lies in the amount of euro-dominated…

Eurosystem central bank staff cuts gather pace

The number of central bankers in the eurosystem stands at 49,559, a fall of 5.3% or 7,237 staff since one year ago, and 11.9% lower than when the euro was launched in 1999, reveals the 2006 edition of Central Banking Publications' Central Bank Directory.

Size matters and China just got much bigger

According to this article published on Wednesday 21 December, China, an economy few central bankers, economists and pundits thought about three years ago just leapfrogged over the UK, France and Italy to become the world's fourth largest.

ECB's Bini Smaghi says rates could rise

The European Central Bank could raise its official interest rate to 2.25 pct from 2.00, when the bank's governing council meets tomorrow, said ECB executive Lorenzo Bini Smaghi on Wednesday 30 November

French economy's lights "turn green"

Economic growth in France picked up in the third quarter, while inflation subsided in October. Data released on 10 November showed that the economy expanded by 0.7 percent in the third quarter, while October inflation figure was down to 2 percent…

US rebuffs French remarks on Greenspan

US officials have sought to defuse a potentially embarrassing situation after France's Finance Minister, Thierry Breton, told reporters in Washington that Alan Greenspan had admitted America had "lost control" of its budget.

More ECB dialogue wanted by France

France called for a more "resolute dialogue" between the eurozone's politicians and the European Central Bank on Tuesday 30 August, saying that fiscal and monetary policy must be better co-ordinated if faster economic growth is to be achieved.

Bank of France live with central banking platform

Trema, a provider of treasury and asset management software for global corporations and financial institutions, announced on Thursday 14 July that the Banque de France is now live with Trema's central banking solution.

Noyer on the establishment of the SEPA

In a speech given on 23 June, Christian Noyer of the Banque de France stressed that it is essential that the efforts put together by the banking industry since 2002 bear their fruit so that the SEPA becomes a tangible reality shortly.

Interview with Bank of France's Noyer

In an interview published this week Bank of France governor and European Central Bank council member Christian Noyer said it was "crazy" to think that an interest rate cut in isolation can boost euro zone growth.

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