Eurozone
Buba's Welteke says ECB rates appropriate now
Bundesbank President Ernst Welteke said on Tuesday that current Eurozone interest rates were appropriate and reiterated that the European Central Bank's monetary policy was not hampering economic growth.
Nice EU Treaty needed for European Central Bank
As European Union leaders gather in Nice to reform the bloc's decision making processes in preparation for enlargement, one crucial item is absent from the agenda: the European Central Bank. A new paper by the Centre for Economic Policy Research says…
Crisis mgmt hit by joining euro, UK Lords say
The government's ability to manage the economy in a crisis could be hamstrung if Britain joins the euro, a House of Lords committee warned today.
ECB head sees rosy future for euro
The president of the European Central Bank, Wim Duisenberg, has spoken about a turnaround in euro exchange rates for the first time, telling Japanese newspaper The Yomiuri Shimbun in an interview in Frankfurt that the European currency could keep rising.
Welteke plays down EMU warnings ahead of Nice
Bundesbank President Ernst Welteke on Thursday played down his earlier warnings about allowing eastern European countries into the Eurozone too soon, just as a difficult summit on EU enlargement started in Nice.
Welteke - cannot say yet if euro turned around
Bundesbank President Ernst Welteke on Thursday said he could not tell whether the euro has already turned the corner, adding that the currency's further performance depended on US economic growth.
Buba views on Eurozone enlargement upset hopefuls
The Bundesbank's bid to make joining the Eurozone tougher for eager east European applicants has upset candidates but analysts said it will be politically impossible to make the demand stick.
Belgium seeks financial market regulatory reform
Belgian Finance Minister Didier Reynders proposed on Tuesday a reform of the country's financial market regulatory system which would strengthen the power of government regulators and harmonise oversight of stock exchanges.
ECB publishes revision of Eurosystem instruments
The European Central Bank Tuesday said it has published its revision of Eurosystem monetary policy instruments and procedures.
ECB leaves all key interest rates unchanged
The European Central Bank kept all of its three key short-term interest rates unchanged Thursday.The decision was expected by the market, as past rate hikes - already six this year - have yet to feed through into the real economy, and the ECB will want…
Bank of Greece sees lower inflation, wants reforms
Greece's central bank said on Wednesday inflation should drop below 3% in the second half of 2001 but called for faster structural reforms to improve competitiveness once the country enters the Eurozone.
Bbk Zeitler: Continue reforms to reverse weak euro
The euro's current weakness is "completely surmountable" if national governments in the 11-nation euro area continue to press ahead with structural reforms, Bundesbank council member Franz-Christoph Zeitler said Wednesday.
ECB has own idea of optimal fx reserves-Issing
European Central Bank (ECB) member Otmar Issing said he felt the amount of foreign reserves held in the Eurozone was well within the range of estimates, but was evasive on whether this constituted an optimal level.
ECB to mull raising M3 target to 5%
Bundesbank President Ernst Welteke said on Tuesday that the European Central Bank would discuss raising the reference value for M3 monetary growth to 5% from 4.5% at its December 14 meeting.
Euro more likely to recover than weaken-BoE's King
Europe's single currency was more likely to recover against other key currencies than to fall further, Mervyn King, deputy governor of the Bank of England, said on Tuesday.
ECB may intervene again - still upward price risks
The European Central Bank is ready to intervene again in foreign exchange markets if it deems it to be necessary, Bundesbank president and ECB governing council member Ernst Welteke said Tueday.
BOE: Joining euro means return to tax and spend
Sir Eddie George, the governor of the Bank of England, said that the government would have to rely more on taxation and spending policy to control the economy if Britain joined the euro.
Stiffer tests for future Eurozone members -Welteke
Ernst Welteke, president of the Bundesbank, has raised concerns about whether the countries preparing to join the European Union in the next few years would be ready to become members of the EU's single currency.
Economic cooperation between Eurozone and Japan
Sakuya Fujiwara, deputy governor of the Bank of Japan, said at a conference that the Japanese economy was on its way to recovery, although significant structural reforms still needed to take place.
Issing says uncertainty over US economic outlook
European Central Bank member Otmar Issing said investors have become more cautious on the outlook for the dollar and that the U.S. economy is slowing faster than Europe's, an Italian financial paper reported on Saturday.
Euro weakness must be seen in context - Schioppa
European Central Bank council member Tommaso Padoa-Schioppa on Saturday said that the euro's current weakness needed to be judged in light of historical exaggerations in currency swings.
Bank of France defends Duisenberg after MPs attack
Bank of France governor Jean-Claude Trichet sprang to the defence of Wim Duisenberg on Friday after a senior French parliamentarian blamed the European Central Bank chief for the euro's woes and urged him to resign.
Greek banks to meet ECB reserve regulations
The Bank of Greece said on Friday that effective from 1 January 2001 Greek banks will have to meet European Central Bank regulations on their required reserves.