Eurozone
Euro zone rates kept on hold
EUROPE - The European Central Bank (ECB) has kept eurozone interest rates on hold.
Europe's bank confident of quick recovery
EUROPE - The European Central Bank expressed confidence yesterday that the eurozone would recover quickly from an economic slowdown made worse by last week's terrorist attacks in the US.
Central banks boost anti-crisis moves
WORLD - Central banks around the world have stepped up their efforts to minimise the economic and financial-market fallout from the US attacks.
Eurozone growth slows to a crawl
EUROPE - Growth in the eurozone has slowed to a crawl, with the likelihood of a sustained slowdown heightened by this week's terrorist attacks on the US, gurus have warned.
Countdown to euro cash
EUROPE - The European Central Bank begins its campaign today, 30 August, to persuade the 300 million citizens of the eurozone to recognise - and love - their new currency.
Pre - euro flood of forgeries is feared
EUROPE - Gangs of counterfeiters are set to offload fake francs, D-Marks and other eurozone currencies before the changeover to euro notes and coins in January, retailers have been warned.
Strains in the eurozone
ARTICLE - The Financial Times in London published an article on 30 July by Christopher Taylor, a visiting fellow at the National Institute of Economic and Social research. He was chief adviser in the European division of the Bank of England.
Five months to E-day and euro use still limited
EUROPE - Five months before the introduction of euro notes and coins, the use of the single currency remains limited in almost every country in the 12-nation eurozone, the European Commission warned yesterday, 27 July.
New M3 data allowed ECB cut says Issing
According to Otmar Issing, the European Central Bank's chief economist, the ECB's recent rate cut was facilitated by new money supply data, which showed M3 growing slower than the bank's reference rate.
Lamfalussy reforms in jeopardy
Proposals designed to speed up European securities market regulation are in trouble after the European Commission rejected a deal proposed by the European Parliament.
Commission paper highlights euro challenges
A new publication by the European Commission surveys the first two years of the euro's existence and highlights some of the challenges ahead.
Buba annual report-global risks to growth
GERMANY - In its annual report published on Apr 10, the Deutsche Bundesbank said that German and Eurozone growth would continue but that the downside risks had increased.
ECB rate cut should come as no surprise
A series of weak data releases, corresponding stock market declines across Europe and the United States as well as a cut in interest rates by the Federal Open Market Committee has fuelled speculation over the European Central Bank's forthcoming interest…
Prodi calls for more economic power for commission
Romano Prodi, president of the European Commission, repeated his calls for more economic power for the European Commission to act as a counter-weight to the European Central Bank.
ECB tight-lipped on banking supervision
A confidential ECB report arguing that eurozone central banks should continue to perform banking supervision has been leaked to German daily paper Boersen Zeitung.
ECB keeps rates steady despite growth fears
As expected, the Governing Council of the European Central Bank held interest rates steady (at its March 15 meeting yesterday) undeterred by weak share markets and dimming euro zone growth prospects.
ECB monetary analysis papers
RESEARCH - The ECB has today (March 16) published a series of papers from a seminar for staff from central banks entitled "Monetary analysis: Tools and applications" held in November 2000.
The Accidental Redistribution of ECB Profits
ARTICLE - According to the latest calculations of Hans-Wener Sinn and Holgar Feist, the division of European Central Bank profits will see Germany lose E. 30bn and France gain a similar amount.
Bank of Spain says economy slowed in Q4
Spanish economic growth, among the fastest in the euro zone, slowed to an estimated 3.9 percent year-on-year in the fourth quarter of 2000 from 4.1 percent in the third quarter, the Bank of Spain said on Feb. 2, 2001. Gross domestic prorduct (GDP) growth…
ECB plays down danger of eurozone price difference
The European Central Bank said Dec 21 said diverging eurozone inflation rates were not a flaw of a one-size fits all monetary policy, provided that the differences proved to be only short-lived.
ECB publishes updated Target information guide
The European Central Bank said it is publishing Monday an updated version of the information guide for credit institutions using the euro-zone's Target payment system.
ECB keeps M3 benchmark unchanged
The European Central Bank has decided to leave its yardstick for euro area money supply growth unchanged. After the governing council meeting today, the ECB said that the evidence continues to support the assumptions underlying the derivation of the…
New EU treaty paves way for ECB voting change
The European Union's Nice treaty calls for a review of how votes are taken on the ECB's governing council, but does not provide for amending its composition, a draft text obtained by journalists on Wednesday said.