Eurozone
Bank of Portugal - Annual Report 2006
Buoyed by exports and improvements in the labour market, Portugal's economic performance in 2006 was an improvement on recent years.
EMU leads to bond-market convergence
Economic and monetary union in Europe has led to substantial convergence in euro-area sovereign bond markets, according to research published by the San Francisco Federal Reserve.
Crisis "clouds growth prospects", says IMF
The International Monetary Fund (IMF) has revised its estimates for global growth in 2008 down by almost half a percentage point.
ECB paints rosy picture for the future
Though the banking crisis has caused uncertainty, the eurozone looks set to continue growing in the medium term, according to the latest edition of the European Central Bank's (ECB) Monthly Bulletin.
EU discusses regulatory response to crisis
EU finance ministers met in Luxembourg on Tuesday to consider a regulatory response to the financial crisis.
Currency rise wanted by EU chiefs
Jean-Claude Trichet, the president of the European Central Bank; Jean-Claude Juncker, the prime minister of Luxembourg; and Joaquin Almunia, the European commissioner for monetary affairs said on Monday that they wanted the renminbi, the dollar, and the…
Convergence makes Europe more resilient - Trichet
The adoption of the single currency has made the eurozone far more resilient to external developments than its individual member countries were, according to Jean-Claude Trichet, the president of the European Central Bank.
Latest ECB lending data give cause for concern
Banks across the eurozone have tightened their credit standards for loans to businesses by 31% in response to the credit crunch that has hampered the region's money markets since the start of August, according to data from the ECB
Turmoil will impact exchange rates - IMF's Kato
The re-pricing of risk taking place as a result of the credit crunch will lead to a rebalancing of currencies and growth in the near future, according to Takatoshi Kato, the deputy managing director of the International Monetary Fund (IMF).
ECB holds rates, but "stands ready" for rise
The European Central Bank (ECB) on Thursday decided to hold its benchmark rate at 4%.
CSDs sceptical of ECB's settlement plans
Clearstream and Euroclear, Europe's two largest central securities depositories, were sceptical that the European Central Bank's (ECB) plans to build a single settlement platform will deliver the benefits the central bankers promise, Central Bank News…
Ageing populations will impact CB policy: Trichet
The real interest rate expected to clear the capital markets in developed economies is likely to decline over the coming decades because of population ageing.
Crisis reveals need for better EU oversight - IMF
A lack of regulatory integration is, in part, responsible for the severe impact of the US subprime crisis on financial markets in the eurozone, according to Michael Deppler, head of the International Monetary Fund's (IMF) European department.
Eurozone growth looks to have fallen
Turmoil in the financial markets appears to be having a longer impact on growth in the euro area than previously thought.
Exchange rates' adjustments in booms and busts
The European Central Bank has published a study looking at the relationship between boom-bust episodes in asset prices over the past two decades and exchange rates.
EU re-designs euro coin to exclude Turkey
The new design of the euro coin - set to be introduced next year in Slovenia, Malta and Cyprus - will not feature Turkey despite its inclusion in the original plans.
Trichet responds to Sarkozy criticism
Jean-Claude Trichet, the president of the European Central Bank, has again hit back at French president Nicolas Sarkozy's attempts to criticise and influence monetary policy.
Germany is the ECB's biggest fan
Out of the five major Eurozone economies, it is Germany, the largest, that is most confident that the European Central Bank (ECB) fulfils its primary roles of managing inflation and encouraging growth.
Merkel defends ECB's independence
German Chancellor Angela Merkel implicitly criticised fellow head of government Nicolas Sarkozy of France when she said at an event to celebrate 50th anniversary of the Bundesbank that her government will block any attempts to exert political influence…
EMU has led to increased stability and convergence
Monetary union has led to increased stability and convergence of financial markets in euro area, a new paper from the CEPR finds.
ECB carries out three-month tender
The European Central Bank injected €75 billion into the money markets on Wednesday as part of a three-month refinancing operation.
The effect of expansion on EU inflation rules
The Bank of Estonia has published a paper that examines the impact of the expansion of the EU on the Maastricht inflation criterion.
Sarkozy and Merkel call for more transparency
Nicolas Sarkozy, the French president, and Angela Merkel, the German chancellor, said on Monday that hedge funds and rating agencies must face greater scrutiny.
ECB holds rates, offers injection
The European Central Bank (ECB) decided Thursday to keep its benchmark rate at 4%, after promising extra liquidity to the markets Wednesday.