Wikio - European Central Bank

ECB Worried about Liquidity Crisis (Right Commentary)

Fri, 16 May 2008 15:51:38 GMT

London, UK (FT.com): The European Central Bank on Thursday voiced its “high concern” at growing evidence that banks are exploiting its efforts to unblock the frozen funding markets by using its liquidity scheme to offload more risky assets than it envisaged. Yves Mersch, a governing council member, said the ECB was now “looking very hard at [...]

Source : Right Commentary (subscribe)

Explore : London, United Kingdom

ECB’S Liikanen says financial markets crisis will end ‘eventually’ (SignalBlog)

Fri, 16 May 2008 14:11:52 GMT

European Central Bank governing council member Erkki Liikanen said the crisis in financial markets will end ‘eventually'. Liikanen, who is governor of the Finnish Central Bank, to the European Commission's annual economic forum that in the financial markets a period of ‘overshooting is being followed by undershooting’, with excessive nervousness, risk aversion...

Source : SignalBlog (subscribe)

Explore : European Commission

15 May Speech Lorenzo Bini Smaghi: From Tuscany's 19th century currency, the fiorino, to the euro: dialogue on international finance (European Central Bank)

Fri, 16 May 2008 10:57:05 GMT

From Tuscany's 19th century currency, the fiorino, to the euro: dialogue on international financeSpeech by Lorenzo Bini Smaghi, Member of the Executive Board of the ECBin the Sala Luca Giordano at the Palazzo Medici Riccardi, Florence15 May 2008I’m very pleased to come back to Florence to consider a highly topical subject linked to the effects of the financial turmoil on the world economy.To understand...

Source : European Central Bank (subscribe)

16 May Speech Jean-Claude Trichet: How to preserve and consolidate the remarkable success of the Euro and the performance of the European economy? (European Central Bank)

Fri, 16 May 2008 10:57:04 GMT

How to preserve and consolidate the remarkable success of the Euro and the performance of the European economy'Speech by Jean-Claude Trichet, President of the ECB delivered at the Brussels Economic ForumBrussels16 May 2008Ladies and gentlemen,I would first like to thank the organisers very much for inviting me today to this “Economic and Monetary Union in Europe: 10 Years On” conference. It is a pleasure...

Source : European Central Bank (subscribe)

ECB cannot relax on inflation - Trichet (ireland.com)

Fri, 16 May 2008 08:34:09 GMT

European Central Bank President Jean-Claude Trichet said this morning the bank cannot relax in its battle to curb inflation.

Source : ireland.com (subscribe)

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ECB's Trichet: 'No place for complacency' on price stability (Market Watch)

Fri, 16 May 2008 08:26:04 GMT

LONDON (MarketWatch) -- Long-term inflation expectations in the euro zone have remained "successfully anchored" despite occasional shocks that have temporarily caused inflation to drift away from the European Central Bank's medium-term annual target of just below 2%, ECB President Jean-Claude Trichet said Friday in a speech delivered at an economic conference in Brussels. But...

Source : Market Watch (subscribe)

Explore : Markets

ECB concern over liquidity scheme (OTB News)

Fri, 16 May 2008 01:12:31 GMT

The European Central Bank voiced its “high concern” at growing evidence that banks are exploiting its efforts to unblock the frozen funding markets by using its liquidity scheme to offload more risky assets than it envisaged Share This

Source : OTB News (subscribe)

ECB’s Weber says rate hike is still an option for the ECB (SignalBlog)

Fri, 16 May 2008 01:05:32 GMT

European Central Bank Governing Council member Axel Weber said an interest rate increase is still an option for the ECB, according to a prerelease of his interview with tomorrow’s edition of Frankfurter Allgemeine Zeitung newspaper. ‘I have always stressed that one should not lose sight of the option of increasing interest rates, given the very strong [ Read more... ]

Source : SignalBlog (subscribe)

ECB voices ‘high concern’ over liquidity scheme (OTB News)

Thu, 15 May 2008 23:10:22 GMT

Source : OTB News (subscribe)

ECB concern over liquidity scheme (Financial Time)

Thu, 15 May 2008 22:41:00 GMT

The European Central Bank voiced its "high concern" at growing evidence that banks are exploiting its efforts to unblock the frozen funding markets by using its liquidity scheme to offload more risky assets than it envisaged

Source : Financial Time (subscribe)

Explore : Europe, Mortgages

Euro-zone economy defies expectations to grow 0.7 in quarter (International Herald Tribune)

Thu, 15 May 2008 18:17:48 GMT

Germany leads the way with 1.5 percent growth, appearing to validate the path taken by the European Central Bank not to cut interests rates.

Source : International Herald Tribune (subscribe)

15 May Speech Lucas Papademos: The international role of the euro: trends, determinants and prospects (European Central Bank)

Thu, 15 May 2008 18:04:36 GMT

III. Determinants of and prospects for the international role of the euro What are the prospects for the euro’s international role in the coming years? To address this question it is useful to recall the key determining factors that are likely to influence the demand for the euro by non-euro area market participants and authorities over time, also taking into account the potential effects of the ongoing...

Source : European Central Bank (subscribe)

ECB’s Papademos says euro has become important pole of stability (SignalBlog)

Thu, 15 May 2008 14:55:47 GMT

European Central Bank vice-president Lucas Papademos said the euro ‘has become an important pole of stability’ in the world economy. ‘The euro has established itself at the second most important international currency after the U.S. dollar,’ Papademos said in a speech to the European Commission's annual economic forum. He said he expects the euro and the dollar [ Read more...

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ECB says euro zone house price growth moderated further in H2 2007 (SignalBlog)

Thu, 15 May 2008 14:54:26 GMT

The European Central Bank said euro zone house price growth continued to moderate slightly in the second half of last year. Annual price growth slowed to 4.0 percent in the second half of 2007 from 5.0 percent in the first half of the year and 6.5 pct in 2006, the ECB said in its May monthly [ Read more... ]

Source : SignalBlog (subscribe)

Trichet says lack of transparency at root of market turmoil (SignalBlog)

Thu, 15 May 2008 14:53:53 GMT

European Central Bank President Jean-Claude Trichet said a lack of transparency is one of the main causes of the financial market turmoil of the past nine months. ‘The present turbulences have, once more, demonstrated that opacity regarding the stance of markets, financial instruments or financial institutions is a recipe for catastrophe,’ he said in a speech. ‘In [ Read more...

Source : SignalBlog (subscribe)

Explore : Markets

15 May Speech Jean-Claude Trichet: Reflections on the current financial market correction (European Central Bank)

Thu, 15 May 2008 14:35:30 GMT

Reflections on the current financial market correctionKeynote address by Jean-Claude Trichet, President of the ECB at the International Capital Market Association's Annual ConferenceVienna, 15 May 2008Ladies and Gentlemen,It is a great pleasure for me to speak at the invitation of the renowned International Capital Market Association on the occasion of its 40th Annual Conference. Little did you know...

Source : European Central Bank (subscribe)

Explore : Markets

Growth to slow in second quarter - Trichet (ireland.com)

Thu, 15 May 2008 13:33:31 GMT

European Central Bank President Jean-Claude Trichet said economic growth will slow in the second quarter after its “resilient” performance in the first.

Source : ireland.com (subscribe)

Explore : Economic Indicators, Growth, Ireland

Black mark (The Economist)

Thu, 15 May 2008 13:08:34 GMT

An accounting standard comes under the microscope THIS has been a crisis of firsts. The first major crisis of the securitisation era; the first big test of the European Central Bank; and the first crisis of ?fair-value? accounting, the set of standards which requires institutions to mark many of their assets to market value. Many blame fair value for causing the credit crunch,...

Source : The Economist (subscribe)

Euro zone GDP growth rebounds (ireland.com)

Thu, 15 May 2008 11:38:21 GMT

A strong German expansion boosted euro zone economic growth more than expected in the first quarter and inflation eased in April, a mix that is likely to keep European Central Bank interest rates on hold.

Source : ireland.com (subscribe)

Explore : Economic Indicators, Growth, Ireland

Spanish growth bull is gored (Independent.ie - European RSS Feed)

Wed, 14 May 2008 23:00:00 GMT

European finance ministers got a taste from Spain this week of the economic slowdown they may all face in coming months, but inflation risks could prevent the European Central Bank from flying to the rescue.

Source : Independent.ie - European RSS Feed (subscribe)