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Posts related to ‘European Central Bank’

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Italy Borrowing Costs Hit Two-Year Low

Italy is one of the PIIGS, and therefore one of the big troubled spots for investors to keep their eyes on. The good news is that if the hangman is ...
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European Central Bank to Become True Central Banking Authority

Europe finally has a central banking authority, a move that many politicians and economists believe will help pull the region out of its financial crisis. It is hard to argue ...
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Are World Markets on the Verge of Another Devastating Credit Bubble?

Less than five years ago, economic Armageddon appeared at the door. Lehman Brothers failed. Merrill Lynch was sold to Bank of America Corp. (NYSE: BAC) and J.P. Morgan Chase & ...
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Greek Unemployment at Record High

The Greek government’s statistical agency this morning reported that the country’s unemployment rate in August rose to 25.4%, from 24.8% in July and 18.4% in August of 2011. Among those ...
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What Will Draghi Say About Future Rate Cuts?

To virtually no one’s surprise, the European Central Bank (ECB) this morning announced that it will leave its key interest rate unchanged at a record low of 0.75%. Now everyone ...
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Finance Ministers Aim for EU Bank Supervision by 2013

The Europeans finally have agreed on something. There will be one bank supervisor for the region as early as next year. While the decision may be a step forward, it ...
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France, Germany Fight Over Eurozone Budget Power

German Chancellor Angela Merkel and French President Francois Hollande met briefly today before a summit meeting of eurozone leaders to discuss the role of the banking supervisor that is to ...
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Fitch: European Stability Mechanism ‘AAA’

Fitch Ratings today bestowed a ‘AAA’ rating on the European Stability Mechanism (ESM) that began its operations today and replaced the temporary European Financial Stability Fund (EFSF). Fitch’s rating is ...
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ECB Leaves Rates Alone, Touts Bond-Buying Plan

The European Central Bank (ECB) this morning announced that it would leave its benchmark interest rate at 0.75%. ECB President Mario Draghi also said in his monthly press conference that ...
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Bank of England Punts

The Monetary Policy Committee of the Bank of England this morning announced that it will leave its policy lending rate at 0.5% and that it will continue its asset purchase ...
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Report on Greek Debt May Wait Until After U.S. Elections

A report from the so-called ‘troika’ -- the European Commission, the European Central Bank, and the International Monetary Fund -- on Greece’s ability to repay its debt may be delayed ...
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Bickering Continues over EU Bailouts, ECB Powers

The bickering over the structure that banks and sovereign bailouts should take continues among Europe's leaders. As a meeting of the finance ministers of the region ended, two critical issues remain unresolved. ...
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ECB Explains Itself

In its Monthly Bulletin published today, the European Central Bank (ECB) goes about explaining why its decision to begin buying eurozone sovereign debt in the secondary market was the right ...
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Bank of England Waits for Draghi

The Bank of England this morning announced that it would leave its policy lending rate unchanged at 0.5%, the same level it has been on since March of 2009. The ...
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High Stakes, No Limit ECB Bond-Buying Plan

At its meeting today in advance of tomorrow’s scheduled announcement of yet another plan to save the eurozone’s banking system, the European Central Bank (ECB) will discuss a plan put ...
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